v3.25.3
Related Parties (Tables)
 9 Months Ended
Sep. 30, 2025
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions
Due from/to related parties consisted of the following:

(In millions)September 30, 2025December 31, 2024
Due from Related Parties:
Due from funds1
$728 $430 
Due from portfolio companies57 48 
Due from employees and former employees107 106 
Total Due from Related Parties2
$892 $584 
Due to Related Parties:
Due to TRA holders$767 $406 
Due to funds217 229 
Due to portfolio companies185 75 
Total Due to Related Parties$1,169 $710 
1 Includes $14 million and $27 million as of September 30, 2025 and December 31, 2024, respectively, related to a receivable from a fund in connection with the Company’s sale of a platform investment to such fund. The amount is payable to the Company over five years and is held at fair value.
2 Includes due from related parties of certain consolidated VIEs.
The following table summarizes Athene’s investments in Athora:

(In millions)September 30, 2025December 31, 2024
Investment fund$1,162 $1,033 
Non-redeemable preferred equity and corporate debt securities316 277 
Total investment in Athora$1,478 $1,310 
Athene’s investments in VA Capital and Venerable are summarized below.
(In millions)September 30, 2025December 31, 2024
AFS securities$106 $— 
Investment fund223 178 
Other investments345 331 
Total investments in VA Capital and Venerable$674 $509 
Athene received capital contributions and paid distributions relating to ACRA of the following:

Three months ended September 30,Nine months ended September 30,
(In millions)2025202420252024
Contributions from ADIP$158 $126 $284 $831 
Distributions to ADIP(64)(95)(254)(603)