Apollo Infrastructure and Asset-Backed Credit Vehicles Draw Fresh Capital, Set August NAVs

The asset-backed credit company also declared its next round of distributions, with Series II paying more per share than Series I in every class offered in both series.

September 28, 2026

Two Apollo-sponsored vehicles, Apollo Infrastructure Company LLC and Apollo Asset Backed Credit Company LLC, reported another month of private share sales alongside fresh per-share values as of August 31, 2026. The asset-backed credit company also declared its next round of distributions.

Both companies sold shares as of September 1 to third-party investors. Final share counts were set on September 25, the same day each operating manager determined its transactional net asset value, the price at which each company sells its shares. The sales were made privately under Section 4(a)(2), relying on Regulation D for accredited investors and Regulation S for non-U.S. investors.

Infrastructure: A-II Shares Carry the Month

At Apollo Infrastructure Company, the Series II A-II class drew the largest share of new money, with 1,688,883 shares sold for $50,984,350. Series I A-II shares added 452,949 shares for $13,235,529. The remaining sales were smaller:

• Series I F-I: 18,320 shares for $525,000
• Series I E: 26,887 shares for $800,000
• Series I I: 42,682 shares for $1,220,000
• Series II E: 32,524 shares for $1,000,000
• Series II I: 10,383 shares for $307,000

Series II transactional net asset values sat above Series I in every class as of August 31:

• A-II: $29.22 in Series I; $30.19 in Series II
• F-I: $28.66 in Series I; $29.61 in Series II
• E: $29.75 in Series I; $30.75 in Series II
• I: $28.58 in Series I; $29.57 in Series II
• S: $28.55 in Series I; $29.53 in Series II

No F-S or A-I shares were outstanding in either series. The per-share figures follow the pricing approach detailed in Apollo Infrastructure Shifts to Transactional NAV for Subscription and Repurchase Pricing.

Asset-Backed Credit: Broader Class Mix, Cross-Series Exchanges

Apollo Asset Backed Credit Company spread its September sales across a wider set of share classes. The largest sale was Series II I shares, at 501,403 shares for $12,833,517. Next came Series II BD shares at 182,433 shares for $4,676,500 and Series II F-I shares at 122,667 shares for $3,106,080. Other Series II sales included T-I shares for $1,847,575, T-S shares for $702,157, P-S shares for $650,000 and S shares for $50,000.

Part of the Series II activity came from existing investors moving between series rather than from new cash:

• The Series II F-I total includes 50,435 shares exchanged from 50,511 Series I F-I shares.
• The Series II I total includes 4,143 shares exchanged from 4,170 Series I I shares.

On the Series I side, the company sold I shares for $2,680,150, T-I shares for $1,032,688, T-S shares for $996,000, F-I shares for $900,000 and S shares for $75,000.

Transactional net asset value per share clustered near $25 in both series. Series I values ran from $24.87 for P-S shares to $25.54 for S shares. Series II ranged from $24.80 for E shares to $25.81 for P-I shares. No A-II shares were outstanding in either series, and no I (Acc) or F-I (Acc) shares were outstanding in Series II.

September Distributions

The asset-backed credit company declared per-share distributions payable to holders of record at the close of business on September 30. They will be paid on or about October 28, in cash or reinvested through the distribution reinvestment plan.

Series II paid more per share than Series I in every class offered in both series. E shares carried the largest amounts, at $0.1268 in Series I and $0.1646 in Series II. T-S shares carried the smallest, at $0.0880 and $0.1174. Series I I shares will receive $0.0955, compared with $0.1342 for their Series II counterparts. Series II BD shares, a class with no Series I distribution, will receive $0.1344.