<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns:com="http://www.sec.gov/edgar/common" xmlns="http://www.sec.gov/edgar/npx">
  <headerData>
    <submissionType>N-PX</submissionType>
    <filerInfo>
      <registrantType>IM</registrantType>
      <liveTestFlag>LIVE</liveTestFlag>
      <filer>
        <issuerCredentials>
          <cik>0001456421</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>
      <flags>
        <overrideInternetFlag>false</overrideInternetFlag>
        <confirmingCopyFlag>false</confirmingCopyFlag>
      </flags>
      <periodOfReport>06/30/2025</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <yearOrQuarter>YEAR</yearOrQuarter>
      <reportCalendarYear>2025</reportCalendarYear>
      <reportingPerson>
        <name>Apollo Capital Management, L.P.</name>
        <phoneNumber>212-515-3200</phoneNumber>
        <address>
          <com:street1>9 West 57th Street</com:street1>
          <com:city>New York</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10019</com:zipCode>
        </address>
      </reportingPerson>
      <agentForService/>
      <reportInfo>
        <reportType>INSTITUTIONAL MANAGER NOTICE REPORT</reportType>
        <noticeExplanation>ALL VOTES BY OTHER PERSONS</noticeExplanation>
        <confidentialTreatment>N</confidentialTreatment>
      </reportInfo>
      <fileNumber>028-13441</fileNumber>
      <reportingCrdNumber>143161</reportingCrdNumber>
      <reportingSecFileNumber>801-67592</reportingSecFileNumber>
      <leiNumber>5493007BCXEDR17QKB54</leiNumber>
      <otherManagersInfo>
        <otherManager>
          <icaOr13FFileNumber>028-13438</icaOr13FFileNumber>
          <leiNumberOM>5493006XQW0V5K38YM64</leiNumberOM>
          <managerName>Apollo Management Holdings, L.P.</managerName>
        </otherManager>
      </otherManagersInfo>
      <explanatoryInformation>
        <explanatoryChoice>N</explanatoryChoice>
      </explanatoryInformation>
    </coverPage>
    <summaryPage>
      <otherIncludedManagersCount>0</otherIncludedManagersCount>
    </summaryPage>
    <signaturePage>
      <reportingPerson>Apollo Capital Management, L.P.</reportingPerson>
      <txSignature>Yael Levy</txSignature>
      <txPrintedSignature>Yael Levy</txPrintedSignature>
      <txTitle>Vice President</txTitle>
      <txAsOfDate>08/16/2025</txAsOfDate>
    </signaturePage>
  </formData>
</edgarSubmission>
