Vehicle file · Non-traded vehicle

Apollo Origination II (Levered) Capital Trust

What its SEC filings show.

SEC CIK 2052152·Inc. DE·Fiscal year end 12/31·Data as filed · pulled Oct 12, 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 Origination II (Levered) Capital Trust is a non-traded vehicle registered with the SEC under CIK 2052152 (incorporated in DE). Its most recent filing is a 10-Q (quarterly report) dated Aug 13, 2026. As of Jun 30, 2026 it reported total assets of $1.68B (up 37.8% from $1.22B a year earlier) and stockholders' equity of $841.7M. Net income (loss) for the six months to Jun 30, 2026 was $19.1M. It raised $105.0M from new shares in the six months to Jun 30, 2026; paid $53.8M in distributions in the year to Dec 31, 2025. Reported NAV per share: $26.25 as of Jun 30, 2026.

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 46 other vehicles of this type we track.

Liabilities were 50% of total assets at Jun 30, 2026. It ranks 18th of the 27 vehicles of this type that report the same figures (1st = least leveraged).
The management fee ran at about 0.64% a year of stockholders' equity ($2.6M in the six months to Jun 30, 2026, annualised; our arithmetic). It ranks 3rd of the 16 vehicles of this type that report the same figures (1st = lowest fee).
NAV per share moved up 0.5% in a year, from $26.11 to $26.25 (before distributions). It ranks 4th of the 16 vehicles of this type that report the same figures (1st = best NAV change).

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$1.68B	as of Jun 30, 2026	$1.22B	+37.8%	10-Q · Aug 13, 2026
Investments at fair value	$1.62B	as of Jun 30, 2026	$1.16B	+39.5%	10-Q · Aug 13, 2026
Cash and equivalents	$43.9M	as of Jun 30, 2026	$33.0M	+32.8%	10-Q · Aug 13, 2026
Total liabilities	$837.3M	as of Jun 30, 2026	$629.7M	+33.0%	10-Q · Aug 13, 2026
Long-term debt	$820.8M	as of Jun 30, 2026	$616.7M	+33.1%	10-Q · Aug 13, 2026
Stockholders' equity	$841.7M	as of Jun 30, 2026	$588.4M	+43.0%	10-Q · Aug 13, 2026
NAV per share	$26.25	as of Jun 30, 2026	$26.11	+0.5%	10-Q · Aug 13, 2026
Shares outstanding	32.1M shares	as of Jun 30, 2026	22.5M shares	+42.3%	10-Q · Aug 13, 2026
Shares outstanding (cover page)	32.1M shares	as of Aug 12, 2026	22.5M shares	+42.3%	10-Q · Aug 13, 2026

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Net income (loss)	$19.1M	six months to Jun 30, 2026	$25.2M	−24.1%	10-Q · Aug 13, 2026
Cash from operations	−$106.8M	six months to Jun 30, 2026	−$1.15B	+90.7%	10-Q · Aug 13, 2026
Management fees	$2.6M	six months to Jun 30, 2026	$1.8M	+44.4%	10-Q · Aug 13, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$105.0M	six months to Jun 30, 2026	$563.3M	−81.4%	10-Q · Aug 13, 2026
Distributions paid	$53.8M	year to Dec 31, 2025	—	—	10-K · Mar 13, 2026
Shares repurchased	0 shares	quarter to Mar 31, 2026	60 shares	−100.0%	10-Q · May 13, 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.

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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.

Aug 13, 202610-Q · Quarterly reportEDGAR ↗
Jun 26, 2026SCHEDULE 13D/A · FilingEDGAR ↗
Jun 26, 20264 · Insider transactionEDGAR ↗
Jun 26, 20268-K · Current reportItems 3.02EDGAR ↗
May 13, 202610-Q · Quarterly reportEDGAR ↗
Mar 24, 2026SCHEDULE 13D/A · FilingEDGAR ↗
Mar 24, 20264 · Insider transactionEDGAR ↗
Mar 24, 20268-K · Current reportItems 3.02EDGAR ↗
Mar 13, 202610-K · Annual reportEDGAR ↗
Feb 5, 202640-17G · FilingEDGAR ↗
Dec 23, 2025SCHEDULE 13D/A · FilingEDGAR ↗
Dec 23, 20254 · Insider transactionEDGAR ↗
Dec 23, 20258-K · Current reportItems 3.02EDGAR ↗
Nov 25, 2025SCHEDULE 13D/A · FilingEDGAR ↗
Nov 25, 20254 · Insider transactionEDGAR ↗
Nov 25, 20258-K · Current reportItems 3.02EDGAR ↗
Nov 12, 202510-Q · Quarterly reportEDGAR ↗
Sep 15, 2025SCHEDULE 13D · FilingEDGAR ↗
Sep 15, 20254 · Insider transactionEDGAR ↗
Sep 15, 20258-K · Current reportItems 3.02EDGAR ↗
Sep 9, 202510-12G/A · FilingEDGAR ↗
Aug 12, 202510-Q · Quarterly reportEDGAR ↗
May 14, 202510-Q · Quarterly reportEDGAR ↗
May 9, 2025SCHEDULE 13G · FilingEDGAR ↗
May 2, 20258-K · Current reportItems 1.01,2.03,9.01EDGAR ↗

Our reads on Apollo Origination II (Levered) Capital Trust.

No forensic read of this vehicle yet. When a filing changes something for holders — a tender offer, a repurchase cap, a NAV reset, a distribution cut — the read goes here.

Source: SEC EDGAR, XBRL company facts and filing index for CIK 2052152, retrieved Oct 12, 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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Apollo Origination II (Levered) Capital Trust

What the figures say together

Key figures, as filed.

Filing timeline.

Our reads on Apollo Origination II (Levered) Capital Trust.

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