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  "documentTitle": "Apollo Global Management | Results Presentation Deck | 40 slides",
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  "authorName": "Apollo Global Management",
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  "presentationDate": "2024-11-01 00:00:00",
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  "notes": "Includes footnotes regarding reporting changes and specific expense adjustments.",
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      "text": "1. The Company updated the reporting of its Asset Management strategies to Credit and Equity... 2. Equity management fees include Fund X catch-up... 3. Non-compensation expenses include $15 million of costs related to the previously announced merger...",
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      "text": "Management fees increased 10% year-over-year driven by robust growth in Credit management fees, reflecting strong capital formation across Athene and third-party clients, as well as solid levels of capital deployment. Second highest quarter of capital solutions fees on record driven by broad-based origination activity. Fee-related performance fees increased more than 40% year-over-year due to a growing contribution from Apollo's diversified suite of wealth-focused products. Excluding fund merger-related costs within non-compensation expenses in the second quarter, fee-related expenses declined modestly quarter-over-quarter reflecting continued focus on cost discipline.",
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