Vehicle file · Non-traded BDC

Apollo Debt Solutions BDC

What its SEC filings show.

SEC CIK 1837532·Fiscal year end 12/31·Data as filed · pulled Oct 5, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Apollo Debt Solutions BDC is a non-traded BDC registered with the SEC under CIK 1837532. Its most recent filing is a 424B3 (prospectus supplement) dated Oct 1, 2026. As of Jun 30, 2026 it reported total assets of $27.86B (up 27.7% from $21.82B a year earlier) and stockholders' equity of $14.00B. Net income (loss) for the six months to Jun 30, 2026 was $296.0M. It raised $782.5M from new shares in the six months to Jun 30, 2026; paid $398.5M in distributions in the six months to Jun 30, 2026; spent $130.1M repurchasing shares in the quarter to Mar 31, 2025. Reported NAV per share: $24.50 as of Aug 31, 2023.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 68 other vehicles of this type we track.

In the quarter to Mar 31, 2025 it raised $1.94B and paid $130.1M to buy back shares: a net inflow of $1.81B.
Liabilities were 50% of total assets at Jun 30, 2026. It ranks 36th of the 65 vehicles of this type that report the same figures (1st = least leveraged).
The management fee ran at about 1.34% a year of stockholders' equity ($92.6M in the six months to Jun 30, 2026, annualised; our arithmetic). It ranks 30th of the 51 vehicles of this type that report the same figures (1st = lowest fee).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$27.86B	as of Jun 30, 2026	$21.82B	+27.7%	10-Q · Aug 10, 2026
Investments at fair value	$25.37B	as of Jun 30, 2026	$19.90B	+27.5%	10-Q · Aug 10, 2026
Cash and equivalents	$857.6M	as of Jun 30, 2026	$1.24B	−30.7%	10-Q · Aug 10, 2026
Total liabilities	$13.86B	as of Jun 30, 2026	$8.68B	+59.7%	10-Q · Aug 10, 2026
Long-term debt	$12.15B	as of Jun 30, 2026	$7.06B	+72.2%	10-Q · Aug 10, 2026
Debt (carrying amount)	$12.26B	as of Jun 30, 2026	$7.12B	+72.3%	10-Q · Aug 10, 2026
Stockholders' equity	$14.00B	as of Jun 30, 2026	$13.14B	+6.5%	10-Q · Aug 10, 2026
Shares outstanding	587.4M shares	as of Jun 30, 2026	534.1M shares	+10.0%	10-Q · Aug 10, 2026

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Net income (loss)	$296.0M	six months to Jun 30, 2026	$447.2M	−33.8%	10-Q · Aug 10, 2026
Cash from operations	−$1.16B	six months to Jun 30, 2026	−$4.58B	+74.7%	10-Q · Aug 10, 2026
Management fees	$92.6M	six months to Jun 30, 2026	$73.2M	+26.4%	10-Q · Aug 10, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$782.5M	six months to Jun 30, 2026	$3.82B	−79.5%	10-Q · Aug 10, 2026
Distributions paid	$398.5M	six months to Jun 30, 2026	$303.5M	+31.3%	10-Q · Aug 10, 2026

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

If you have real money in this, do not decide it alone.

We can tell you what the filings say. What we cannot tell you is what it means for your particular position, your tax situation and the rest of your portfolio, and anyone who does that from a web page without knowing your circumstances is guessing. With money in a non-traded BDC whose repurchases are capped each quarter, that is the part that actually matters.

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Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Oct 1, 2026424B3 · Prospectus supplementEDGAR ↗
Sep 22, 20268-K · Current reportItems 7.01EDGAR ↗
Sep 22, 20268-K · Current reportItems 3.02,7.01,8.01EDGAR ↗
Sep 11, 2026N-2/A · FilingEDGAR ↗
Sep 9, 2026N-14 8C · FilingEDGAR ↗
Aug 19, 20268-K · Current reportItems 3.02,7.01,8.01EDGAR ↗
Aug 19, 202640-17G · FilingEDGAR ↗
Aug 18, 20268-K · Current reportItems 1.01,2.03,9.01EDGAR ↗
Aug 14, 2026SC TO-I · Issuer tender offerEDGAR ↗
Aug 14, 2026N-2/A · FilingEDGAR ↗
Aug 10, 2026424B3 · Prospectus supplementEDGAR ↗
Aug 10, 202610-Q · Quarterly reportEDGAR ↗
Aug 7, 20268-K · Current reportItems 1.01,2.03,9.01EDGAR ↗
Aug 6, 2026SC TO-I/A · Issuer tender offer (amendment)EDGAR ↗
Jul 23, 20268-K · Current reportItems 3.02,7.01,8.01EDGAR ↗
Jul 17, 2026POS EX · FilingEDGAR ↗
Jul 17, 2026424B3 · Prospectus supplementEDGAR ↗
Jul 17, 2026N-2/A · FilingEDGAR ↗
Jun 30, 20268-K · Current reportItems 1.01,2.03,9.01EDGAR ↗
Jun 30, 2026424B3 · Prospectus supplementEDGAR ↗
Jun 25, 20268-K · Current reportItems 8.01,9.01EDGAR ↗
Jun 23, 20264 · Insider transactionEDGAR ↗
Jun 23, 20268-K · Current reportItems 5.07EDGAR ↗
Jun 22, 20268-K · Current reportItems 7.01EDGAR ↗
Jun 22, 20268-K · Current reportItems 3.02,7.01,8.01EDGAR ↗

Our reads on Apollo Debt Solutions BDC.

01Apollo Debt Solutions BDC (ADS) Redemptions: 45.2%, Then 29.8% of Requests Paid in 2026Oct 4, 2026

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1837532, retrieved Oct 5, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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The weekly read

Apollo Debt Solutions BDC

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on Apollo Debt Solutions BDC.

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