阿波罗全球管理美股招股说明书(2025-05-14版)

TRANSACTION PROPOSED — YOUR VOTE IS VERY IMPORTANT Dear Stockholders of Bridge Investment Group Holdings Inc.: On February23, 2025, Bridge Investment Group Holdings Inc. (“Bridge”), Bridge Investment Group Holdings LLC, a Delaware limited liabilitycompany and subsidiary of Bridge (“Bridge LLC”), Apollo Global Management, Inc. (“Apollo”), Aspen PubCo Merger Sub 1, Inc., a Delawarecorporation and a wholly owned, direct subsidiary of Apollo (“Merger Sub Inc.”) and Aspen Second Merger Sub, LLC, a Delaware limited liabilitycompany and wholly owned subsidiary of Apollo (“Merger Sub LLC” and, together with the Merger Sub Inc., the “Merger Subs”) and, solely forpurposes of Section6.16 thereof, Adam O’Farrell as the representative of Bridge LLC, entered into an agreement and plan of merger (as it may beamended from time to time, the “merger agreement”) which provides that, on the terms and subject to the conditions set forth therein, Merger Sub Inc.will be merged with and into Bridge with Bridge surviving such merger as a wholly owned subsidiary of Apollo (the “Corporate Merger”), and MergerSub LLC will be merged with and into Bridge LLC with Bridge LLC surviving such merger as a wholly owned subsidiary of Apollo (the “LLC Merger”and, together with the Corporate Merger, the “mergers,” and the mergers, collectively with all other transactions contemplated by the merger agreement,the “transactions”). If the mergers are completed, at the effective time of the mergers, (i)holders of Bridge ClassA common stock will receive, inexchange for each share of Bridge ClassA common stock held immediately prior to the mergers, 0.07081 shares of Apollo common stock (the “ClassAexchange ratio”), with cash in lieu of fractional shares of Apollo common stock, if any, and holders of Bridge ClassB common stock will receive, inexchange for each share of Bridge ClassB common stock held immediately prior to the mergers, 0.00006 shares of Apollo common stock (subject toany adjustments that may be needed to ensure that the value of the consideration payable with respect to such share of Bridge ClassB common stockdoes not exceed $0.01, the “ClassB exchange ratio,” and together with the ClassA exchange ratio, the “exchange ratios”), with cash in lieu of fractionalshares of Apollo common stock, if any, and (ii)holders of Bridge LLC ClassA common units will receive, in exchange for each Bridge LLC ClassAcommon unit held immediately prior to the mergers, a number of shares of Apollo common stock equal to the ClassA exchange ratio, with cash in lieuof fractional shares of Apollo common stock, if any, and Bridge LLC ClassB common units will be cancelled and retired without any conversion thereofand shall cease to exist and no payment shall be made in respect thereof (collectively, the “merger consideration”). The market value of the merger consideration to be received in exchange for each share of Bridge common stock will fluctuate with the marketprice of Apollo common stock until the transactions are complete. The ClassA common stock of Bridge is listed on the New York Stock Exchangeunder the symbol “BRDG.” The common stock of Apollo is listed on the New York Stock Exchange under the symbol “APO.” Upon completion of themergers, former Bridge stockholders are expected to own approximately 1.7% of the then outstanding Apollo common stock, based on Apollo’soutstanding common stock as of May9, 2025. The mergers cannot be completed without approval of the proposal to adopt the merger agreement by the affirmative vote of the holdersof a majority of the aggregate voting power of the outstanding shares of Bridge common stock entitled to vote thereon. Because of this, Bridge isholding a special meeting of its stockholders on June17, 2025 to vote on the proposal necessary to complete the mergers. Information about themeeting, the mergers, the merger agreement, and the other business to be considered by stockholders at the special meeting is contained in this proxystatement/prospectus. The Bridge Board of Directors (the “Bridge Board”) has fixed the close of business on May2, 2025 as the record date for thedetermination of Bridge stockholders entitled to notice of, and to vote at, the special meeting. Any stockholder entitled to attend and vote at the specialmeeting is entitled to appoint a proxy to attend and vote on such stockholder’s behalf. Such proxy need not be a holder of Bridge common stock. Weurge you to read this proxy statement/prospectus (including the annexes hereto) and documents incorporated by reference carefully.You should alsocarefully consider the risks that are described in the “Risk Factors” section beginning on page30. Table of Contents The Bridge Board, acting upon the unanimous recommendation of a special committee comprised solely of independent directors ofBridge and established by the Bridge Board for the purpose of reviewing, evaluating and negotiating strategic opportunities for Bridge (the“special committee”), by a unanimo