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Apollo Debt Solutions BDC

Valuation

Price$19.80
NAV / Share$19.80
NAV Discount+0%
Portfolio FV$18B

Credit Quality

PIK %6%
Non-Accrual %1.5%
NII Covers DivYES

Income

Dividend Yield10.2%
SponsorApollo Global Management

Top Sectors

HealthcareSoftwareIndustrials

Analysis

NON-TRADED. Apollo's flagship non-traded BDC. ~$18B portfolio. Apollo's $700B+ platform provides origination depth. Apollo also runs MFIC (publicly traded) — overlap risk. Non-accrual at 1.5% — better than public peers. PIK at 6.0%. No market price transparency. Apollo's insurance complex (Athene) is both a source of permanent capital and a systemic risk amplifier. Redemption limits apply.