Apollo Debt Solutions BDC Launches with More Than $1 Billion in Assets Under Management
11 Januar 2022 - 02:30PM
Apollo Debt Solutions BDC (“ADS” or the “Fund”) today announced
that it has launched with more than $1 billion in assets under
management. On Friday, January 7, the Fund broke escrow with
approximately $657 million in equity net proceeds for its
continuous public offering (the “Offering”). In connection with
breaking escrow, the Fund issued and sold 26,258,912 shares of
beneficial interest in the Offering. The Fund intends to
continue selling shares in the Offering on a monthly basis.
The Fund invests primarily in directly originated assets,
including debt securities, and in particular focuses on large-cap
origination. The Fund is managed by an affiliate of Apollo (NYSE:
APO), which has one of the world’s largest alternative credit
businesses with approximately $341 billion in credit AUM.
Apollo Partner Earl Hunt, Chair and CEO of ADS, said, “We are
pleased to break escrow and begin actively investing the Fund,
leveraging our extensive experience across private credit, direct
origination and our status as a preferred lending partner to
thousands of companies and sponsors. We look forward to working
with our distribution partners to continue growing ADS.”
Apollo’s Chief Client and Product Development Officer Stephanie
Drescher added, “Individual investors have long been
under-allocated to alternatives, and we believe this strong initial
fundraise for ADS demonstrates the pent-up demand investors and
their wealth advisors have for strategies of this kind. We’re
excited for a growing set of investors and advisors to access
Apollo’s asset management expertise through ADS and other current
and prospective offerings.”
Apollo’s Global Wealth business is one of the Firm’s key
strategic growth areas. The unit, focused on development and
distribution of products for individual investors, has made
significant new hires since its launch last year and, in December
2021, Apollo agreed to buy the wealth distribution and asset
management businesses of Griffin Capital. Recently, Apollo also
made venture equity investments in CAIS and iCapital, two of the
leading technology platforms helping wealth and financial advisors
access alternative strategies.
ADS is the first non-traded business development company
sponsored by affiliates of Apollo and adds to a growing suite of
solutions from the Firm that qualifying investors can access
through their financial advisors. To learn more about the Fund and
see important disclosures, please visit:
https://gwms.apollo.com/debtsolutionsbdc.
About Apollo Debt Solutions BDCApollo Debt
Solutions BDC (the “Fund”) is a regulated, non-listed BDC that
provides individual investors access to investments targeted by the
largest institutions. We believe it provides investors with a
stronger and more diversified path to value than is typically
available — and aims to offer a more beneficial risk-adjusted
profile than public equivalents. The Fund focuses on senior secured
large corporate direct origination, broadly syndicated loans, and,
to a lesser extent, middle market direct lending. Together, we
believe these attributes help position our BDC to perform.
About ApolloApollo is a global, high-growth
alternative asset manager. In our asset management business, we
seek to provide our clients excess return at every point along the
risk-reward spectrum from investment grade to private equity with a
focus on three business strategies: yield, hybrid, and equity. For
more than three decades, our investing expertise across our fully
integrated platform has served the financial return needs of our
clients and provided businesses with innovative capital solutions
for growth. Through Athene, our retirement services business, we
specialize in helping clients achieve financial security by
providing a suite of retirement savings products and acting as a
solutions provider to institutions. Our patient, creative, and
knowledgeable approach to investing aligns our clients, businesses
we invest in, our employees, and the communities we impact, to
expand opportunity and achieve positive outcomes. As of September
30, 2021, Apollo had approximately $481 billion of assets under
management. To learn more, please visit www.apollo.com.
Forward-Looking StatementsCertain information
contained in this communication constitutes “forward-looking
statements” within the meaning of the federal securities laws and
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by the use of
forward-looking terminology, such as “outlook,” “indicator,”
“believes,” “expects,” “potential,” “continues,” “may,” “can,”
“will,” “should,” “seeks,” “approximately,” “predicts,” “intends,”
“plans,” “estimates,” “anticipates”, “confident,” “conviction,”
“identified” or the negative versions of these words or other
comparable words thereof. These may include financial projections
and estimates and their underlying assumptions, statements about
plans, objectives and expectations with respect to future
operations, statements regarding future performance, statements
regarding economic and market trends and statements regarding
identified but not yet closed investments. Such forward-looking
statements are inherently uncertain and there are or may be
important factors that could cause actual outcomes or results to
differ materially from those indicated in such statements. ADS
believes these factors also include but are not limited to those
described under the section entitled “Risk Factors” in its
prospectus, and any such updated factors included in its periodic
filings with the Securities and Exchange Commission (the “SEC”),
which are accessible on the SEC’s website at www.sec.gov. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in this document (or ADS’s prospectus and other filings). Except as
otherwise required by federal securities laws, ADS undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future
developments or otherwise.
Apollo Contact Information
For Investors:Noah GunnGlobal Head of Investor Relations(212)
822-0540IR@apollo.com
For Media:Joanna RoseGlobal Head of Corporate
Communications(212) 822-0491Communications@apollo.com
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