{"url_path":"/sec/cik-0002000597/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-15","source_url":"https://www.sec.gov/Archives/edgar/data/2000597/0001193125-26-224702-index.html","accession_number":"0001193125-26-224702","cik":"0002000597","ticker":null,"issuer_name":"Apollo Asset Backed Credit Co LLC","edgar_url":"https://www.sec.gov/Archives/edgar/data/2000597/0001193125-26-224702-index.html","primary_entity_key":"0002000597","primary_entity_name":"Apollo Asset Backed Credit Co LLC"},"word_count":4013,"has_tables":true,"body_markdown":"10-Q\n\n--12-31Q1false0002000597http://www.apolloassetbackdcreditcompany.com/20260331#CDSMultipleMemberhttp://fasb.org/us-gaap/2025#CreditDefaultSwapMemberhttp://fasb.org/us-gaap/2025#InterestRateSwapMemberhttp://www.apolloassetbackdcreditcompany.com/20260331#EURUSDForwardCurrencyContractMemberhttp://www.apolloassetbackdcreditcompany.com/20260331#AmericanAirlinesGroupIncMemberhttp://fasb.org/us-gaap/2025#CreditDefaultSwapMemberhttp://fasb.org/us-gaap/2025#InterestRateSwapMemberhttp://fasb.org/us-gaap/2025#SwaptionMemberhttp://www.apolloassetbackdcreditcompany.com/20260331#GSBankUSACLOMemberhttp://fasb.org/us-gaap/2025#CreditDefaultSwapMemberhttp://fasb.org/us-gaap/2025#InterestRateSwapMemberhttp://fasb.org/us-gaap/2025#CreditDefaultSwapMemberhttp://www.apolloassetbackdcreditcompany.com/20260331#EURUSDForwardCurrencyContractMemberhttp://www.apolloassetbackdcreditcompany.com/20260331#SecuredOvernightFinancingRateFuturesMemberP3YP3Yhttp://fasb.org/srt/2025#PresidentMemberhttp://fasb.org/us-gaap/2025#DebtAndEquitySecuritiesUnrealizedGainLosshttp://fasb.org/us-gaap/2025#DebtAndEquitySecuritiesUnrealizedGainLosshttp://fasb.org/us-gaap/2025#DebtAndEquitySecuritiesUnrealizedGainLosshttp://fasb.org/us-gaap/2025#DebtAndEquitySecuritiesUnrealizedGainLosshttp://fasb.org/us-gaap/2025#DebtAndEquitySecuritiesUnrealizedGainLosshttp://fasb.org/us-gaap/2025#DebtAndEquitySecuritiesUnrealizedGainLosshttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/us-gaap/2025#SecuredOvernightFinancingRateSofrMemberhttp://fasb.org/srt/2025#PresidentMember0002000597Asset Backed Debt Securities, United States, Structured Finance, Series I2026-03-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMember2026-03-310002000597us-gaap:OtherAffiliatesMember2025-01-012025-03-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:AISharesMember2025-01-012025-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:DE2025-12-310002000597Asset Backed Debt Securities, Cayman Islands, Structured Finance, Series I2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:REITFundingCumulativePreferredSharesMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPSMember2025-01-012025-03-310002000597ck0002000597:FSSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, Utilities: Water, Series I2025-12-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2026-03-310002000597country:DEck0002000597:AssetBackedDebtSecuritiesSeriesIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PromissoryNotesMaturesOnTwentyEightJuneTwoThousandFiftyFourMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-ISharesMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMembersrt:MaximumMember2025-01-012025-03-310002000597ck0002000597:CommonClassPIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597us-gaap:RestrictedStockUnitsRSUMemberck0002000597:CommonClassEMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassIMember2026-03-310002000597Asset Backed Debt Securities, Cayman Islands, Structured Finance, Series Il2025-12-310002000597Asset Backed Debt Securities, United States, Media: Diversified & Production, Series Il2025-12-310002000597ck0002000597:AISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597Asset Backed Debt Securities, Germany, Structured Finance, Series I2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMembercountry:US2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PSSharesMember2024-12-310002000597ck0002000597:CommonClassTSMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel1Member2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:AssetBackedSecuritiesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:CorporateBondsMembercountry:US2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassAIMember2026-01-012026-03-310002000597ck0002000597:CommonClassIMember2026-01-012026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2025-12-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesOneMember2026-03-310002000597ck0002000597:InvestmentsAtNetAssetValueMember2025-12-310002000597ck0002000597:SeriesOneCommonClassFSMember2026-05-140002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesTwoMember2026-03-310002000597us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberck0002000597:SeriesTwoMember2026-03-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, Series I2025-12-310002000597ck0002000597:SpecialPurposeVehiclesSeriesIIMembercountry:LU2025-12-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:US2025-12-310002000597Bank Loans, Luxembourg, Banking, Finance, Insurance & Real Estate, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597ck0002000597:SeriesTwoMember2025-01-012025-12-310002000597Asset Backed Debt Securities, Australia, Structured Finance2026-03-310002000597us-gaap:FutureMemberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:InterestRateContractMember2025-01-012025-03-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassTIMember2025-01-012025-03-310002000597Special Purpose Vehicles, United States, Structured Finance, Other2025-12-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMember2026-03-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Structured Finance, Series I2025-12-310002000597us-gaap:CollateralPledgedMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:SeriesTwoCommonClassFIMember2026-05-140002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:IE2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:GB2025-12-310002000597Contract name Futures Type SOFR Futures Series I2025-12-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:AE2026-03-310002000597Asset Backed Debt Securities, United Arab Emirates, Structured Finance2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597Contract name American Airlines Group Inc. (AMR Corp), Notional amount of $107; $443; $550, respectively Type Credit Default Swaps Maturity 12/20/20292025-01-012025-12-310002000597ck0002000597:SpecialPurposeVehiclesSeries1Membercountry:US2026-03-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:FISharesMember2025-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassPIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:GB2026-03-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPIMember2025-01-012025-03-310002000597Bank Loans, Cayman Island, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597Contract name USD Currency, Notional amount of $23,631; $116,369; $140,000, respectively Type Interest Rate Swaps Maturity 03/07/20272026-01-012026-03-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, High Tech Industries, Real Estate, Series II2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMemberus-gaap:WarrantMember2025-12-310002000597ck0002000597:CapitalUnitsClassBDMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PSSharesMember2025-03-310002000597ck0002000597:PromissoryNotesMaturesOnThirtyOctoberTwoThousandFiftyFiveMember2025-01-012025-12-310002000597country:JEck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIIMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassFIMember2026-01-012026-03-310002000597ck0002000597:SeriesTwoMemberus-gaap:ForwardContractsMember2026-03-310002000597Special Purpose Vehicles, Cayman Islands, Structured Finance, Series I2026-03-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMemberus-gaap:MeasurementInputDiscountRateMember2026-03-310002000597ck0002000597:SeriesOneMemberus-gaap:FairValueInputsLevel1Member2026-03-310002000597Asset Backed Debt Securities, United States, Real Estate, Series II2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMemberck0002000597:SeriesTwoMember2026-03-310002000597Bank Loans, Japan, Banking, Finance, Insurance & Real Estate2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ISharesMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597us-gaap:RightsMember2026-03-310002000597ck0002000597:BankOfAmericaNAMemberus-gaap:ResidentialRealEstateMember2025-01-012025-12-310002000597ck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PISharesMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597ck0002000597:CommonClassFSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:BankLoansMember2026-03-310002000597ck0002000597:CommonClassBDMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassAIMember2026-01-012026-03-310002000597Contract name USD Currency, Notional amount of $129,591; $623,409; $750,000, respectively Type Interest Rate Swaps Maturity 02/26/2027 - 03/03/20292026-03-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassT-IMember2026-03-310002000597ck0002000597:CommonClassT-SMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-310002000597Special Purpose Vehicles, United States, Structured Finance, Other2026-03-310002000597country:KYck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PSSharesMember2025-03-310002000597ck0002000597:BankLoanMembercountry:LU2026-03-310002000597Contract name Forward Currency Contracts Type Forwards2025-12-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-310002000597Contract name Futures Type SOFR Futures Series II2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMember2026-01-012026-03-310002000597ck0002000597:BankLoanMembercountry:US2025-12-310002000597ck0002000597:SpecialPurposeVehiclesSeries1Membercountry:LU2025-12-310002000597Collateralized Loan Obligations - Residual Tranche, Cayman Islands, Structured Finance, Series Il2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMembersrt:ChiefOperatingOfficerMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:OtherAffiliatesMember2025-01-012025-03-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Special Purpose Vehicles, Luxembourg, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597Asset Backed Debt Securities, United Kingdom, Transportation: Cargo, Series Il2025-12-310002000597ck0002000597:SwapContractsMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIMembercountry:IE2026-03-310002000597Special Purpose Vehicles, United States, Real Estate2025-12-310002000597ck0002000597:CommonClassT-SMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIMembercountry:IE2026-03-310002000597Contract name USD Currency, Notional amount of $23,631; $116,369; $140,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 -03/26/2029 Series I2026-03-310002000597ck0002000597:CurrencyRiskMemberck0002000597:EurUsdForwardMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:RightsMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-ISharesMember2025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:RightsMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPSMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-01-012026-03-310002000597ck0002000597:ACMPHoldingsLLCFacilityMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597ck0002000597:CommonClassEMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:T-SSharesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:SubsequentEventMemberck0002000597:T-SSharesMember2026-04-012026-04-010002000597ck0002000597:SeriesOneMemberus-gaap:RightsMember2026-03-310002000597ck0002000597:BankLoanMembercountry:JP2026-03-310002000597ck0002000597:CommonClassIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:ZA2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CurrencyRiskMemberck0002000597:ForwardsMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassBDMember2026-01-012026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesMembercountry:US2025-12-310002000597us-gaap:FutureMemberus-gaap:FairValueInputsLevel1Memberck0002000597:SeriesTwoMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMemberus-gaap:RightsMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PSSharesMember2025-01-012025-03-310002000597ck0002000597:AfterDecember312027Memberck0002000597:CapitalUnitsClassAIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:MeasurementInputDiscountRateMember2026-03-310002000597ck0002000597:BankLoansMemberck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PISharesMember2024-12-310002000597ck0002000597:SpecialPurposeVehiclesSeries1Membercountry:US2025-12-310002000597us-gaap:RightsMembercountry:US2026-03-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMember2025-01-012025-03-310002000597Asset Backed Debt Securities, United Arab Emirates, Structured Finance, Series I2026-03-310002000597Asset Backed Debt Securities, Germany, Structured Finance, Series II2026-03-310002000597Special Purpose Vehicles, Luxembourg, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597ck0002000597:CurrencyRiskMemberck0002000597:EurUsdForwardMember2025-01-012025-03-310002000597ck0002000597:CommonClassBDMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:SeriesTwoCommonClassEMember2026-05-140002000597ck0002000597:BankOfAmericaNAMemberus-gaap:ResidentialRealEstateMember2026-03-310002000597Collateralized Loan Obligations - Residual Tranche, Jersey, Structured Finance, Series I2025-12-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:CA2025-12-310002000597ck0002000597:CorporateBondsIIMember2026-03-310002000597Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 8/19/2029 - 10/10/2030 Series I2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassPIMember2026-01-012026-03-310002000597Special Purpose Vehicles, Luxembourg, Real Estate2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassAIMember2025-01-012025-03-310002000597ck0002000597:CommonClassBDMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:CommonClassFSMember2025-01-012025-03-310002000597Asset Backed Debt Securities, South Africa, Structured Finance, Series II2026-03-310002000597ck0002000597:CommonClassFIMember2026-03-310002000597Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 10/10/20302025-01-012025-12-310002000597Asset Backed Debt Securities, United States, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Banking, Finance, Insurance & Real Estate2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2025-12-310002000597ck0002000597:SeriesOneMemberus-gaap:WarrantMember2025-12-310002000597ck0002000597:BankLoansMember2025-12-310002000597us-gaap:AssetBackedSecuritiesMembercountry:GB2025-12-310002000597Asset Backed Debt Securities, United States, Structured Finance, Series Il2025-12-310002000597ck0002000597:SeriesOneMemberus-gaap:FairValueInputsLevel1Member2025-12-310002000597Contract name USD Currency, Notional amount of $23,631; $116,369; $140,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 -03/26/20292026-03-310002000597ck0002000597:SeriesOneMember2025-01-012025-12-3100020005972025-03-310002000597ck0002000597:CommonClassFIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2026-03-310002000597Contract name American Airlines Group Inc. (AMR Corp), Notional amount of $107; $443; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 Series II2025-12-310002000597Asset Backed Debt Securities, United Kingdom, Transportation: Cargo2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-ISharesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ACMPHoldingsLLCFacilityMember2026-03-310002000597ck0002000597:CommonClassPSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2026-03-310002000597Bank Loans, Japan, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597ck0002000597:CommonClassEMember2026-01-012026-03-310002000597ck0002000597:SeriesOneCommonClassPSMember2026-05-140002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassFIMember2026-03-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance, ABC Holdings 5 Hollywood, LLC, Series I2025-12-310002000597ck0002000597:InvestmentsAtNetAssetValueMemberck0002000597:SeriesTwoMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueBrokerQuoteMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597Contract name USD Currency, Notional amount of $23,631; $116,369; $140,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 -03/26/2029 Series II2026-03-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:CreditDefaultSwapMemberck0002000597:SeriesOneMember2025-12-310002000597Bank Loans, Cayman Island, Banking, Finance, Insurance & Real Estate, Series I2025-12-310002000597ck0002000597:SeriesTwoMemberus-gaap:WarrantMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance, Other2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PromissoryNotesMaturesOnOneNovemberTwoThousandFiftyFourMember2025-12-310002000597us-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel1Member2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:T-SSharesMember2026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597srt:ChiefOperatingOfficerMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMembersrt:MaximumMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-SSharesMember2025-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:KY2025-12-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMember2026-03-310002000597ck0002000597:WarrantsIIMembercountry:US2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMemberus-gaap:RightsMember2025-12-310002000597ck0002000597:SeriesTwoCommonClassSMember2026-05-140002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ACMPHoldingsLLCFacilityMember2025-12-310002000597Special Purpose Vehicles, United States, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597country:JPck0002000597:BankLoansIMember2025-12-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Banking, Finance, Insurance & Real Estate2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMember2025-12-310002000597ck0002000597:CorporateBondsMember2026-03-310002000597Contract name CDS (Multiple), Notional amount of $7,426; $36,574; $44,000, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/20302026-03-310002000597Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 11/04/2028 Series II2025-12-310002000597Asset Backed Debt Securities, United States, Media: Diversified & Production2025-12-310002000597ck0002000597:RightsIIMembercountry:US2026-03-310002000597us-gaap:RepurchaseAgreementsMember2026-01-012026-03-310002000597Asset Backed Debt Securities, United Kingdom, Transportation: Cargo, Series I2026-03-310002000597country:JEck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIMember2026-03-310002000597ck0002000597:CurrencyRiskMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ForwardsMember2026-03-310002000597ck0002000597:InvestmentsAtNetAssetValueMemberck0002000597:SeriesTwoMember2025-12-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:AISharesMember2026-03-310002000597country:DEck0002000597:AssetBackedDebtSecuritiesSeriesIIMember2025-12-310002000597ck0002000597:CommonClassPIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597Special Purpose Vehicles, Cayman Islands, Structured Finance, Series Il2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:T-ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:BankLoanIIMembercountry:US2025-12-310002000597Contract name USD Currency, Notional amount of $59,076; $290,924; $350,000, respectively Type Swaption Maturity 02/26/2027 Series II2026-03-310002000597Collateralized Loan Obligations - Residual Tranche, Cayman Islands, Structured Finance2025-12-310002000597Contract name Forward Currency Contracts Type EUR/USD Forward Series II2026-03-310002000597Collateralized Loan Obligations - Residual Tranche, Cayman Islands, Structured Finance, Series II2026-03-310002000597us-gaap:AssetBackedSecuritiesMember2025-12-310002000597us-gaap:AssetBackedSecuritiesMembercountry:AE2026-03-310002000597ck0002000597:BankLoanMembercountry:KY2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 8/19/20292025-01-012025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassSMember2026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-SSharesMember2026-03-310002000597ck0002000597:PromissoryNotesMaturesOnTwentyEightJuneTwoThousandFiftyFourMember2026-01-012026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMembercountry:JE2025-12-310002000597us-gaap:FutureMember2025-12-310002000597us-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesOneMember2026-03-310002000597Special Purpose Vehicles, Luxembourg, Structured Finance, Series I2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:ZA2026-03-310002000597ck0002000597:SeriesTwoMember2026-01-012026-03-310002000597country:LUck0002000597:SpecialPurposeVehiclesMember2026-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597ck0002000597:CommonClassPSMember2026-03-310002000597us-gaap:AssetBackedSecuritiesMember2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMember2026-03-310002000597ck0002000597:CommonClassFSMemberus-gaap:CommonStockMember2026-01-012026-03-310002000597ck0002000597:BankLoanMembercountry:US2026-03-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:SeriesOneMember2026-03-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PSSharesMember2024-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:SeriesOneMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassAIMember2026-01-012026-03-310002000597ck0002000597:FSSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:PromissoryNotesMaturesOnThirtyOctoberTwoThousandFiftyFiveMember2025-12-310002000597Contract name USD Currency, Notional amount of $129,591; $623,409; $750,000, respectively Type Interest Rate Swaps Maturity 02/26/2027 - 03/03/2029 Series I2026-03-310002000597ck0002000597:SpecialPurposeVehiclesSeries1Membercountry:KY2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:SSharesMember2026-01-012026-03-310002000597ck0002000597:CommonClassFSMember2025-12-310002000597country:USck0002000597:CorporateBondsIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassIMember2026-01-012026-03-310002000597Collateralized Loan Obligations - Warehouses, United States, Banking, Finance, Insurance & Real Estate2026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:RightsMember2026-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:ZA2026-03-310002000597ck0002000597:DealerManagerAgreementMemberck0002000597:SSharesAndFSSharesMember2024-05-010002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassAIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2025-12-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassBDMember2026-01-012026-03-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-03-310002000597us-gaap:AssetBackedSecuritiesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:AISharesMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597us-gaap:FairValueInputsLevel3Memberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597Asset Backed Debt Securities, United Kingdom, Transportation: Cargo, Series I2025-12-310002000597ck0002000597:BankOfAmericaNAMemberus-gaap:ResidentialRealEstateMember2025-12-310002000597us-gaap:FairValueInputsLevel3Member2024-12-310002000597us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberck0002000597:SeriesOneMember2025-12-310002000597Collateralized Loan Obligations - Residual Tranche, Jersey, Structured Finance, Series I2026-03-310002000597Special Purpose Vehicles, Cayman Islands, Structured Finance2025-12-310002000597Asset Backed Debt Securities, United States, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597us-gaap:CreditDefaultSwapMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:InterestRateContractMember2026-01-012026-03-310002000597ck0002000597:ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 11/04/2028 Series I2025-12-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassPIMember2025-12-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, High Tech Industries, Real Estate, Utilities: Water, Series II2026-03-310002000597us-gaap:CreditDefaultSwapMemberus-gaap:CreditRiskMember2026-01-012026-03-310002000597ck0002000597:SeriesTwoMemberus-gaap:RightsMember2026-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, High Tech Industries2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:FISharesMember2025-01-012025-03-310002000597ck0002000597:CurrencyRiskMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:EurUsdForwardMember2025-01-012025-03-310002000597ck0002000597:CommonClassFSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597us-gaap:FairValueInputsLevel3Member2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassTSMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-ISharesMember2024-12-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIIMembercountry:US2025-12-310002000597Asset Backed Debt Securities, United Kingdom, Transportation: Cargo2025-12-310002000597us-gaap:CollateralPledgedMember2025-12-310002000597us-gaap:InterestRateContractMember2025-01-012025-03-310002000597ck0002000597:CommonClassFIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597country:KYck0002000597:SpecialPurposeVehiclesSeriesIIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PISharesMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:CreditDefaultSwapMember2025-12-310002000597Asset Backed Debt Securities, Germany, Structured Finance2025-12-310002000597Bank Loans, Cayman Island, Banking, Finance, Insurance & Real Estate2025-12-310002000597Collateralized Loan Obligations - Residual Tranche, Jersey, Structured Finance, Series Il2025-12-310002000597ck0002000597:CommonClassFSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CommonStockMember2026-01-012026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassTSMember2025-01-012025-03-310002000597Bank Loans, Luxembourg, Banking, Finance, Insurance & Real Estate, Banking, Finance, Insurance & Real Estate2025-12-310002000597Asset Backed Debt Securities, Germany, Structured Finance, Series Il2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:SeriesOneMember2026-03-310002000597ck0002000597:CommonClassT-SMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPSMember2025-01-012025-03-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassTIMember2026-01-012026-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-03-310002000597Contract name CDS (Multiple), Notional amount of $7,426; $36,574; $44,000, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 Series I2026-03-310002000597Asset Backed Debt Securities, United States, Media: Diversified & Production, Series I2026-03-310002000597ck0002000597:PromissoryNoteMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-SSharesMember2026-01-012026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIMembercountry:US2025-12-310002000597ck0002000597:PromissoryNoteMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:CommonClassFIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597ck0002000597:UntilDecember312027Memberck0002000597:CapitalUnitsClassAIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPIMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FISharesMember2025-03-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesTwoMemberus-gaap:ForwardContractsMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassTIMember2026-01-012026-03-310002000597Special Purpose Vehicles, United States, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ValuationTechniqueGuidelinePublicCompanyMemberus-gaap:WarrantMember2025-12-310002000597Warrants, United States, Banking, Finance, Insurance & Real Estate2025-12-310002000597srt:ScenarioForecastMember2026-05-012026-05-310002000597us-gaap:AssetBackedSecuritiesMembercountry:CA2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-ISharesMember2026-01-012026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:RightsMember2026-03-310002000597us-gaap:WarrantMembercountry:US2025-12-310002000597ck0002000597:DealerManagerAgreementMemberck0002000597:SShareAndFSAndPSShareMember2024-05-010002000597ck0002000597:CommonClassPIMember2025-12-310002000597us-gaap:OtherAffiliatesMember2026-01-012026-03-310002000597ck0002000597:PromissoryNotesMaturesOnOneNovemberTwoThousandFiftyFourMember2025-01-012025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ValuationTechniqueBrokerQuoteMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:InterestRateContractMember2025-12-310002000597us-gaap:CorporateDebtSecuritiesMemberck0002000597:SeriesTwoMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueBrokerQuoteMemberus-gaap:RightsMember2025-12-310002000597ck0002000597:T-ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:CommonClassTSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ForeignCurrencyForwardContractsMember2026-03-310002000597ck0002000597:CommonClassT-IMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, Series Il2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueGuidelinePublicCompanyMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:WarrantMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassTIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Member2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:SeriesTwoMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassFIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassEMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMember2024-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PromissoryNotesMaturesOnOneNovemberTwoThousandFiftyFourMember2025-12-310002000597us-gaap:InterestRateSwapMemberck0002000597:SeriesTwoMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:US2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassTSMember2026-01-012026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassVMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2023-09-222023-09-220002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BDSharesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassEMember2026-01-012026-03-310002000597ck0002000597:CurrencyRiskMemberck0002000597:ForwardsMember2025-12-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIMembercountry:IE2025-12-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:US2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMember2025-12-310002000597Collateralized Loan Obligations - Residual Tranche, Cayman Islands, Structured Finance, Series I2025-12-310002000597ck0002000597:SeriesTwoMemberus-gaap:RightsMember2025-12-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-3100020005972024-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPIMember2025-12-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesTwoMember2026-03-310002000597ck0002000597:BankLoansIMember2025-12-310002000597us-gaap:InterestRateContractMember2026-01-012026-03-310002000597Bank Loans, Luxembourg, Banking, Finance, Insurance & Real Estate, Banking, Finance, Insurance & Real Estate, Series Il2025-12-310002000597Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 11/04/20282025-12-310002000597ck0002000597:SeriesTwoMemberus-gaap:FairValueInputsLevel1Member2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:AISharesMember2025-03-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassAIMember2025-01-012025-03-310002000597Corporate Bonds, United States, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597ck0002000597:InvestmentsAtNetAssetValueMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:SwapContractsMember2026-03-310002000597ck0002000597:SeriesOneCommonClassAIMember2026-05-140002000597ck0002000597:DealerManagerAgreementMemberck0002000597:PSSharesMember2024-05-010002000597ck0002000597:BankLoanMembercountry:GG2026-03-310002000597us-gaap:InterestRateContractMember2025-12-310002000597ck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597ck0002000597:CommonClassEMember2026-03-310002000597Special Purpose Vehicles, Cayman Islands, Structured Finance2026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesTwoMemberus-gaap:ForwardContractsMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PSSharesMember2025-12-310002000597ck0002000597:CommonClassT-IMember2025-12-310002000597ck0002000597:ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:RightsIMembercountry:US2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:SubsequentEventMemberck0002000597:FISharesMember2026-04-012026-04-010002000597ck0002000597:CommonClassIMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassEMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597srt:ChiefOperatingOfficerMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Special Purpose Vehicles, United States, High Tech Industries, Series I2026-03-310002000597Asset Backed Debt Securities, United Kingdom, Transportation: Cargo, Series II2026-03-310002000597ck0002000597:BankLoanIIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:BankLoansMember2025-12-310002000597Contract name USD Currency, Notional amount of $59,076; $290,924; $350,000, respectively Type Swaption Maturity 02/26/20272026-01-012026-03-310002000597ck0002000597:CommonClassTIMember2026-01-012026-03-310002000597ck0002000597:SSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PromissoryNotesMaturesOnOneNovemberTwoThousandFiftyFourMember2026-03-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnTwentyEightJuneTwoThousandFiftyFourMember2026-03-310002000597ck0002000597:REITFundingCumulativePreferredSharesMember2025-01-270002000597us-gaap:InterestRateSwapMember2026-03-310002000597ck0002000597:SpecialPurposeVehiclesSeries1Member2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:BankOfAmericaNAMemberus-gaap:ResidentialRealEstateMember2026-03-310002000597us-gaap:CollateralPledgedMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIIMembercountry:IE2026-03-310002000597ck0002000597:SeriesOneCommonClassIMember2026-05-140002000597ck0002000597:SeriesTwoCommonClassBDMember2026-05-140002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PISharesMember2025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:SubsequentEventMemberck0002000597:T-SSharesMember2026-04-012026-04-010002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMember2026-03-310002000597ck0002000597:ForeignCurrencyForwardContractsMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FSSharesMember2025-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, Utilities: Water, Series Il2025-12-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ValuationTechniqueBrokerQuoteMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassTIMember2025-01-012025-03-310002000597ck0002000597:RightsIMember2026-03-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, High Tech Industries, Real Estate, Utilities: Water, Series I2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassPSMember2026-01-012026-03-310002000597us-gaap:SwaptionMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:MarketRiskMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMember2024-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FISharesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PSSharesMember2025-01-012025-03-310002000597Collateralized Loan Obligations - Warehouses, United States, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597us-gaap:RepurchaseAgreementsMember2025-12-310002000597ck0002000597:CommonClassT-SMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597Special Purpose Vehicles, United States, High Tech Industries2026-03-310002000597ck0002000597:SpecialPurposeVehiclesMember2026-03-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Banking, Finance, Insurance & Real Estate, Series I2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-01-012025-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIIMembercountry:US2026-03-310002000597us-gaap:CreditDefaultSwapMemberus-gaap:CreditRiskMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597Bank Loans, Cayman Island, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:AU2026-03-310002000597Collateralized Loan Obligations - Residual Tranche, Ireland, Structured Finance2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FISharesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-ISharesMember2025-01-012025-03-310002000597Contract name CDS (Multiple), Notional amount of $7,426; $36,574; $44,000, respectively Type Credit Default Swaps Maturity 10/10/20302026-01-012026-03-310002000597us-gaap:ForwardContractsMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMember2026-03-310002000597country:KYck0002000597:SpecialPurposeVehiclesSeriesIIMember2026-03-310002000597country:IEck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ValuationTechniqueBrokerQuoteMemberus-gaap:RightsMember2025-12-310002000597ck0002000597:SpecialPurposeVehiclesSeriesIIMembercountry:US2026-03-310002000597ck0002000597:CommonClassTSMember2025-01-012025-03-310002000597Special Purpose Vehicles, United States, Banking, Finance, Insurance & Real Estate2026-03-310002000597Asset Backed Debt Securities, Cayman Islands, Structured Finance, Series II2026-03-310002000597ck0002000597:CommonClassAIIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassFIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597Special Purpose Vehicles, Cayman Islands, Structured Finance, Series II2026-03-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesOneMemberus-gaap:ForwardContractsMember2026-03-310002000597ck0002000597:BankLoanIIMembercountry:LU2026-03-310002000597Contract name USD Currency, Notional amount of $59,076; $290,924; $350,000, respectively Type Swaption Maturity 02/26/2027 Series I2026-03-310002000597Asset Backed Debt Securities, Australia, Structured Finance, Series II2025-12-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-01-012026-03-310002000597ck0002000597:WarrantsIMember2025-12-310002000597ck0002000597:CommonClassFIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesOneMember2026-03-310002000597Asset Backed Debt Securities, United States, Banking, Finance, Insurance & Real Estate2025-12-310002000597ck0002000597:CommonClassSMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PISharesMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMemberck0002000597:SeriesTwoMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PSSharesMember2026-01-012026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassPIMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMember2025-01-012025-12-310002000597Special Purpose Vehicles, United States, Structured Finance, Other, Series I2025-12-310002000597ck0002000597:CommonClassPSMember2025-01-012025-03-310002000597Asset Backed Debt Securities, Australia, Structured Finance2025-12-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIMember2026-03-310002000597Asset Backed Debt Securities, South Africa, Structured Finance, Series I2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesOneMemberus-gaap:ForwardContractsMember2025-12-310002000597us-gaap:RightsMember2025-12-3100020005972026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMember2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnOneNovemberTwoThousandFiftyFourMember2026-01-012026-03-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Structured Finance, Series Il2025-12-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMember2025-12-310002000597ck0002000597:SeriesTwoCommonClassFSMember2026-05-140002000597ck0002000597:WarrantsIMembercountry:US2025-12-310002000597ck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597us-gaap:ForwardContractsMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597Asset Backed Debt Securities, Canada, Structured Finance, Series I2025-12-310002000597ck0002000597:SeriesTwoCommonClassVMember2026-05-140002000597Asset Backed Debt Securities, South Africa, Structured Finance2026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597ck0002000597:ACMPHoldingsLLCFacilityMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PISharesMember2026-01-012026-03-310002000597ck0002000597:CommonClassTIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassEMember2026-03-310002000597ck0002000597:CommonClassPIMember2026-01-012026-03-310002000597Contract name CDS (Multiple), Notional amount of $7,426; $36,574; $44,000, respectively Type Credit Default Swaps Maturity 08/19/202 - 10/10/20302026-03-310002000597ck0002000597:BankLoansIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:SSharesMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:FutureMember2025-12-310002000597Warrants, United States, Banking, Finance, Insurance & Real Estate, Series I2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMember2026-01-012026-03-310002000597ck0002000597:BankLoansIMembercountry:KY2025-12-310002000597us-gaap:CreditDefaultSwapMemberus-gaap:CreditRiskMember2026-03-310002000597us-gaap:CorporateDebtSecuritiesMemberck0002000597:SeriesOneMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:SSharesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassFIMember2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnTwentyEightJuneTwoThousandFiftyFourMember2025-01-012025-12-310002000597Contract name CDS (Multiple), Notional amount of $7,426; $36,574; $44,000, respectively Type Credit Default Swaps Maturity 08/19/2029 - 10/10/2030 Series II2026-03-310002000597Contract name Futures Type SOFR Futures2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMember2026-03-310002000597us-gaap:WarrantMember2025-12-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CommonStockMemberck0002000597:CommonClassBDMember2026-01-012026-03-310002000597Bank Loans, Cayman Island, Banking, Finance, Insurance & Real Estate, Series Il2025-12-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMember2025-12-310002000597ck0002000597:SeriesOneMember2026-01-012026-03-310002000597ck0002000597:BankLoansMemberck0002000597:SeriesTwoMember2026-03-310002000597ck0002000597:SpecialPurposeVehiclesSeries1Member2025-12-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIMembercountry:KY2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassVMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMember2026-03-310002000597us-gaap:InterestRateSwapMember2025-12-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMembercountry:JE2026-03-310002000597Asset Backed Debt Securities, United States, Media: Diversified & Production2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597ck0002000597:WarrantsIIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:SSharesMember2026-03-310002000597Collateralized Loan Obligations - Residual Tranche, Jersey, Structured Finance2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMember2026-03-310002000597Contract name Forward Currency Contracts Type EUR/USD Forward Series I2026-03-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesTwoMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMemberus-gaap:RightsMember2025-12-310002000597us-gaap:OtherAffiliatesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:CommonClassSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Collateralized Loan Obligations - Residual Tranche, Jersey, Structured Finance, Series II2026-03-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Structured Finance2025-12-310002000597Contract name USD Currency, Notional amount of $59,076; $290,924; $350,000, respectively Type Swaption Maturity 02/26/20272026-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, High Tech Industries, Series Il2025-12-310002000597us-gaap:CorporateDebtSecuritiesMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassIMember2026-01-012026-03-310002000597ck0002000597:SeriesTwoMemberus-gaap:ForwardContractsMember2025-12-310002000597ck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:AU2026-03-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2025-12-310002000597Special Purpose Vehicles, United States, Structured Finance, Other, Series I2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PromissoryNotesMaturesOnThirtyOctoberTwoThousandFiftyFiveMember2025-12-310002000597Asset Backed Debt Securities, United States, Real Estate, Series I2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMemberck0002000597:SeriesOneMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassSMember2025-12-310002000597Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 8/19/2029 - 10/10/2030 Series II2025-12-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:CA2025-12-310002000597Bank Loans, Japan, Banking, Finance, Insurance & Real Estate, Series Il2025-12-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMember2025-12-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassAIMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassTSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:T-ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2024-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CorporateDebtSecuritiesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassFIMember2025-01-012025-03-310002000597srt:ManagementMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PSSharesMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CreditDefaultSwapMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassPSMember2025-01-012025-03-310002000597us-gaap:CollateralPledgedMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-310002000597us-gaap:FairValueInputsLevel3Member2025-01-012025-12-310002000597Rights, United States, Structured Finance2025-12-310002000597ck0002000597:SeriesOneCommonClassSMember2026-05-140002000597Asset Backed Debt Securities, United States, Media: Diversified & Production, Series I2025-12-310002000597ck0002000597:CapitalUnitsClassSAndIMember2026-01-012026-03-310002000597ck0002000597:SpecialPurposeVehiclesSeriesIIMembercountry:LU2026-03-310002000597ck0002000597:SSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:CommonClassFIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ISharesMember2025-12-310002000597Contract name Swaps American Airlines Group Inc. (AMR Corp), Notional amount of $93; $457; $550, respectively Type Credit Default Swaps Maturity 12/20/20292026-01-012026-03-310002000597Asset Backed Debt Securities, Germany, Structured Finance, Series I2026-03-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassAIIMember2025-12-310002000597country:KYck0002000597:SpecialPurposeVehiclesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:AISharesMember2024-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ForeignCurrencyForwardContractsMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PISharesMember2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnOneNovemberTwoThousandFiftyFourMember2025-12-310002000597Special Purpose Vehicles, United States, Structured Finance, A-A Mortgage Investor LLC, Series I2025-12-310002000597us-gaap:RightsMembercountry:US2025-12-310002000597ck0002000597:CurrencyRiskMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:EurUsdForwardMember2026-01-012026-03-310002000597Contract name Forward Currency Contracts Type Forwards Series I2025-12-310002000597ck0002000597:AISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2024-12-310002000597us-gaap:AssetBackedSecuritiesMembercountry:KY2026-03-310002000597us-gaap:InterestRateSwapMemberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:CommonClassT-SMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassTIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIAndIiMember2026-01-012026-03-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPSMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMember2025-12-310002000597Rights, United States, Structured Finance2026-03-310002000597ck0002000597:REITFundingCumulativePreferredSharesMember2026-03-310002000597ck0002000597:RightsIIMember2026-03-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:CommonClassIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Asset Backed Debt Securities, United States, Banking, Finance, Insurance & Real Estate2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueBrokerQuoteMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ACMPHoldingsLLCFacilityMember2025-12-310002000597Asset Backed Debt Securities, United States, Structured Finance, Series II2026-03-310002000597Collateralized Loan Obligations - Residual Tranche, Ireland, Structured Finance, Series II2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-SSharesMember2024-12-310002000597us-gaap:RightsMember2026-03-310002000597ck0002000597:SpecialPurposeVehiclesMembercountry:US2025-12-310002000597ck0002000597:SeriesOneMemberus-gaap:RightsMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassTIMember2026-01-012026-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2024-12-310002000597Collateralized Loan Obligations - Residual Tranche, Cayman Islands, Structured Finance2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:AU2025-12-310002000597Asset Backed Debt Securities, Australia, Structured Finance, Series I2026-03-310002000597ck0002000597:CommonClassFIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:US2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PromissoryNotesMaturesOnThirtyOctoberTwoThousandFiftyFiveMember2026-03-310002000597ck0002000597:LyraClientSolutionsHoldingsLLCMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FISharesMember2026-01-012026-03-310002000597us-gaap:RightsMember2025-12-310002000597country:JPck0002000597:BankLoansIMember2026-03-310002000597ck0002000597:BankLoanIIMembercountry:LU2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassFIMember2025-01-012025-03-310002000597Contract name American Airlines Group Inc. (AMR Corp), Notional amount of $107; $443; $550, respectively Type Credit Default Swaps Maturity 12/20/20292025-12-310002000597ck0002000597:CommonClassIMember2025-12-310002000597ck0002000597:ACMPHoldingsLLCFacilityMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:REITFundingCumulativePreferredSharesMember2026-03-310002000597ck0002000597:FSSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2024-12-310002000597ck0002000597:RightsIIMembercountry:US2025-12-310002000597ck0002000597:SeriesOneCommonClassPIMember2026-05-140002000597ck0002000597:SeriesOneCommonClassEMember2026-05-140002000597srt:ChiefOperatingOfficerMember2026-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597Asset Backed Debt Securities, Ireland, Structured Finance, Series I2025-12-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PromissoryNoteMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FSSharesMember2026-01-012026-03-310002000597ck0002000597:BankLoanMember2025-12-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:MeasurementInputDiscountRateMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:T-SSharesMember2024-12-310002000597ck0002000597:BankLoansIMembercountry:US2025-12-310002000597ck0002000597:BankLoansMemberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassBDMember2026-03-310002000597ck0002000597:CommonClassFIMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:AssetBackedSecuritiesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:InvestmentsAtNetAssetValueMemberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:SeriesOneMemberck0002000597:BankLoansMember2026-03-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597ck0002000597:CommonClassVMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassAIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597ck0002000597:CommonClassEMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597us-gaap:RestrictedStockUnitsRSUMemberck0002000597:CommonClassEMember2024-12-022024-12-020002000597srt:ChiefOperatingOfficerMember2025-07-312026-03-310002000597ck0002000597:T-ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:REITFundingCumulativePreferredSharesMember2025-01-272025-01-270002000597srt:ChiefOperatingOfficerMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMember2025-12-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CreditRiskMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:BankLoanIIMembercountry:GG2026-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, High Tech Industries, Series I2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:SubsequentEventMemberck0002000597:FISharesMember2026-04-012026-04-010002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPIMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassFIMember2025-01-012025-03-310002000597ck0002000597:SwapContractsMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FSSharesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:BankOfAmericaNAMemberus-gaap:ResidentialRealEstateMember2025-12-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:CreditDefaultSwapMemberck0002000597:SeriesTwoMember2026-03-310002000597Contract name Swaps American Airlines Group Inc. (AMR Corp), Notional amount of $93; $457; $550, respectively Type Credit Default Swaps Maturity 12/20/20292026-03-310002000597ck0002000597:SpecialPurposeVehiclesSeries1Membercountry:KY2026-03-310002000597us-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesTwoMember2026-03-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassAIMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CreditDefaultSwapMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597ck0002000597:InvestmentsAtNetAssetValueMemberck0002000597:SeriesOneMember2026-03-310002000597ck0002000597:ForeignCurrencyForwardContractsMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:T-SSharesMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMembercountry:US2026-03-310002000597ck0002000597:BankLoansIMembercountry:GG2026-03-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-01-012025-03-310002000597ck0002000597:BankOfAmericaNAMemberus-gaap:ResidentialRealEstateMember2026-01-012026-03-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597ck0002000597:BankLoansIMembercountry:LU2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassVMember2026-03-310002000597srt:MinimumMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:CommonClassSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMembercountry:IE2026-03-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMemberus-gaap:MeasurementInputDiscountRateMembersrt:MaximumMember2026-03-310002000597ck0002000597:CurrencyRiskMemberck0002000597:ForwardsMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIIMembercountry:IE2025-12-310002000597ck0002000597:CommonClassTSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:AssetBackedSecuritiesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:AISharesMember2026-01-012026-03-310002000597Asset Backed Debt Securities, Australia, Structured Finance, Series II2026-03-310002000597ck0002000597:CommonClassPSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassTSMember2026-01-012026-03-310002000597us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2025-12-310002000597ck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:SeriesTwoMember2026-03-310002000597us-gaap:FairValueInputsLevel2Member2025-12-310002000597Asset Backed Debt Securities, United States, Real Estate, Series I2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassTIMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:REITFundingCumulativePreferredSharesMember2026-03-310002000597ck0002000597:REITFundingCumulativePreferredSharesMember2025-12-310002000597ck0002000597:CommonClassPSMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPSMember2026-01-012026-03-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597Contract name USD Currency, Notional amount of $52,280; $187,720; $240,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 8/4/2027 Series I2026-03-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, High Tech Industries, Real Estate, Series I2026-03-310002000597us-gaap:WarrantMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:FutureMember2026-03-310002000597country:KYck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PromissoryNoteMember2026-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-01-012026-03-310002000597ck0002000597:CommonClassFSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ISharesMember2026-01-012026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:IE2025-12-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Banking, Finance, Insurance & Real Estate, Series Il2025-12-310002000597Collateralized Loan Obligations - Residual Tranche, Cayman Islands, Structured Finance, Series I2026-03-310002000597ck0002000597:CommonClassBDMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FSSharesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankOfAmericaNAMemberus-gaap:ResidentialRealEstateMember2026-03-310002000597ck0002000597:CommonClassFSMember2026-03-310002000597ck0002000597:RightsIIMember2025-12-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:CreditDefaultSwapMemberck0002000597:SeriesTwoMember2025-12-310002000597Asset Backed Debt Securities, United States, Real Estate2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-SSharesMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:BankLoansMember2026-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:IE2025-12-310002000597ck0002000597:CapitalUnitsClassAIIMembersrt:MaximumMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassAIMember2026-03-310002000597ck0002000597:CommonClassAIMember2026-01-012026-03-310002000597ck0002000597:SeriesTwoCommonClassIMember2026-05-140002000597Special Purpose Vehicles, Luxembourg, Real Estate, Series Il2025-12-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:CreditDefaultSwapMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FISharesMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CurrencyRiskMemberck0002000597:ForwardsMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2024-12-310002000597Asset Backed Debt Securities, Cayman Islands, Structured Finance2025-12-310002000597Special Purpose Vehicles, Luxembourg, Structured Finance2026-03-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597Corporate Bonds, United States, Banking, Finance, Insurance & Real Estate2026-03-310002000597us-gaap:FutureMemberck0002000597:SeriesOneMemberus-gaap:FairValueInputsLevel1Member2025-12-310002000597Contract name American Airlines Group Inc. (AMR Corp), Notional amount of $107; $443; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 Series I2025-12-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597Corporate Bonds, United States, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597us-gaap:CreditDefaultSwapMemberus-gaap:CreditRiskMember2025-01-012025-03-310002000597ck0002000597:BankLoanMembercountry:KY2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnThirtyOctoberTwoThousandFiftyFiveMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Rights, United States, Structured Finance, Series I2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FSSharesMember2024-12-310002000597ck0002000597:CommonClassBDMember2026-03-310002000597ck0002000597:CommonClassIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Structured Finance, Series II2026-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, High Tech Industries, Series II2026-03-310002000597Special Purpose Vehicles, Luxembourg, Banking, Finance, Insurance & Real Estate2026-03-310002000597Bank Loans, Luxembourg, Banking, Finance, Insurance & Real Estate, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597us-gaap:RestrictedStockUnitsRSUMemberck0002000597:CommonClassEMember2024-09-032024-09-030002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597us-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesOneMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueBrokerQuoteMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597us-gaap:AssetBackedSecuritiesMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597ck0002000597:CommonClassPIMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassAIIMember2026-03-310002000597ck0002000597:CommonClassEMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2026-03-310002000597ck0002000597:SeriesTwoCommonClassTIMember2026-05-140002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate2025-12-310002000597Asset Backed Debt Securities, United States, Real Estate, Series Il2025-12-310002000597Rights, United States, Structured Finance, Series II2025-12-310002000597Special Purpose Vehicles, Luxembourg, Structured Finance, Series II2026-03-310002000597ck0002000597:CommonClassVMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:REITFundingCumulativePreferredSharesMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ValuationTechniqueBrokerQuoteMemberus-gaap:RightsMember2025-12-310002000597Contract name CDS (Multiple), Notional amount of $7,426; $36,574; $44,000, respectively Type Credit Default Swaps Maturity 08/19/2022026-01-012026-03-310002000597ck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PISharesMember2025-03-310002000597Asset Backed Debt Securities, Canada, Structured Finance, Series Il2025-12-310002000597ck0002000597:SeriesTwoCommonClassAIMember2026-05-140002000597Special Purpose Vehicles, Cayman Islands, Structured Finance, Series I2025-12-310002000597ck0002000597:SeriesOneMember2025-12-310002000597Contract name Swaps American Airlines Group Inc. (AMR Corp), Notional amount of $93; $457; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 Series II2026-03-310002000597ck0002000597:PromissoryNoteMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597country:JEck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassAIIMember2025-12-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassFIMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnTwentyEightJuneTwoThousandFiftyFourMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassVMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassAIIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueGuidelinePublicCompanyMemberus-gaap:WarrantMember2025-12-310002000597ck0002000597:CommonClassEMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMember2026-01-012026-03-310002000597Special Purpose Vehicles, United States, High Tech Industries, Series II2026-03-310002000597us-gaap:FutureMemberus-gaap:FairValueInputsLevel1Member2025-12-310002000597ck0002000597:CommonClassT-IMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597us-gaap:InterestRateSwapMemberck0002000597:SeriesOneMember2026-03-310002000597srt:ChiefOperatingOfficerMember2026-01-012026-03-310002000597Asset Backed Debt Securities, United Arab Emirates, Structured Finance, Series II2026-03-310002000597ck0002000597:CommonClassFSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597Bank Loans, Cayman Island, Banking, Finance, Insurance & Real Estate2026-03-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CreditRiskMember2025-12-310002000597ck0002000597:SeriesOneCommonClassTIMember2026-05-140002000597us-gaap:CreditDefaultSwapMemberus-gaap:CreditRiskMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PISharesMember2024-12-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, High Tech Industries, Real Estate2026-03-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Structured Finance2026-03-310002000597Bank Loans, Luxembourg, Banking, Finance, Insurance & Real Estate, Banking, Finance, Insurance & Real Estate, Series I2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:BankLoansMember2026-03-310002000597Collateralized Loan Obligations - Residual Tranche, Ireland, Structured Finance, Series I2026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassIMember2026-01-012026-03-310002000597ck0002000597:SpecialPurposeVehiclesSeriesIIMember2026-03-310002000597ck0002000597:CommonClassBDMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2025-12-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance, Other, Series Il2025-12-310002000597ck0002000597:ForeignCurrencyForwardContractsMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:T-ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:ForwardContractsMember2026-03-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate, High Tech Industries, Real Estate, Utilities: Water2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597ck0002000597:SeriesTwoCommonClassTSMember2026-05-140002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597ck0002000597:BankLoanIIMember2025-12-310002000597Special Purpose Vehicles, United States, Structured Finance, A-A Mortgage Investor LLC, Series II2026-03-310002000597ck0002000597:BankLoanMembercountry:LU2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassEMember2026-01-012026-03-310002000597ck0002000597:SpecialPurposeVehiclesSeriesIIMember2025-12-310002000597ck0002000597:CapitalUnitsClassFSAndFIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPSMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CommonStockMemberck0002000597:CommonClassTSMember2026-01-012026-03-310002000597ck0002000597:PromissoryNotesMaturesOnThirtyOctoberTwoThousandFiftyFiveMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMembercountry:KY2025-12-310002000597ck0002000597:PromissoryNoteMember2026-03-310002000597us-gaap:CollateralPledgedMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassEMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:FSSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:SpecialPurposeVehiclesSeriesIIMembercountry:US2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FSSharesMember2025-01-012025-03-310002000597Asset Backed Debt Securities, United States, Structured Finance2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:FISharesMember2024-12-310002000597Special Purpose Vehicles, United States, Structured Finance, A-A Mortgage Investor LLC, Series I2026-03-310002000597Bank Loans, United States , Banking, Finance, Insurance & Real Estate2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassTSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597Asset Backed Debt Securities, Cayman Islands, Structured Finance, Series I2026-03-310002000597us-gaap:RestrictedStockUnitsRSUMemberck0002000597:CommonClassEMember2025-09-022025-09-020002000597us-gaap:OtherAffiliatesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597ck0002000597:FSSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:CommonClassAIMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMemberck0002000597:SeriesOneMember2025-12-310002000597ck0002000597:SeriesTwoMember2026-03-310002000597ck0002000597:RightsIMember2025-12-310002000597Contract name Forward Currency Contracts Type Forwards Series II2025-12-310002000597country:GBck0002000597:AssetBackedDebtSecuritiesSeriesIIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:WeightedAverageMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMemberus-gaap:MeasurementInputDiscountRateMember2025-12-310002000597us-gaap:FairValueInputsLevel3Member2026-01-012026-03-310002000597ck0002000597:SeriesTwoCommonClassPSMember2026-05-140002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:AISharesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CommonStockMemberck0002000597:CommonClassAIMember2026-01-012026-03-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:RightsMember2026-03-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance, Series II2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BDSharesMember2026-01-012026-03-310002000597us-gaap:RestrictedStockUnitsRSUMemberck0002000597:CommonClassEMember2024-09-032024-09-300002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassEMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2026-03-310002000597ck0002000597:T-ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597Asset Backed Debt Securities, United States, Banking, Finance, Insurance & Real Estate, Series I2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMember2025-12-310002000597ck0002000597:CommonClassTIMember2025-01-012025-03-310002000597ck0002000597:BankLoanIIMembercountry:KY2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnThirtyOctoberTwoThousandFiftyFiveMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-SSharesMember2025-12-310002000597us-gaap:RepurchaseAgreementsMember2026-03-310002000597Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 11/04/20282025-01-012025-12-310002000597us-gaap:CreditDefaultSwapMember2025-12-310002000597us-gaap:SwaptionMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:MarketRiskMember2026-01-012026-03-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance, ABC Holdings 5 Hollywood, LLC2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:BankLoansMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597Special Purpose Vehicles, United States, Structured Finance, Other, Series Il2025-12-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIMember2026-03-310002000597Asset Backed Debt Securities, United States, Banking, Finance, Insurance & Real Estate, Series Il2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PISharesMember2025-01-012025-03-310002000597country:KYck0002000597:AssetBackedDebtSecuritiesSeriesIIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:T-ISharesMember2025-12-310002000597Contract name USD Currency, Notional amount of $90,125; $374,875; $465,000, respectively Type Interest Rate Swaps Maturity 03/07/20272025-01-012025-12-310002000597Special Purpose Vehicles, United States, Structured Finance, A-A Mortgage Investor LLC, Series lI2025-12-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:KY2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CorporateDebtSecuritiesMember2026-03-310002000597ck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597Asset Backed Debt Securities, Cayman Islands, Structured Finance2026-03-310002000597ck0002000597:CorporateBondsIMember2026-03-310002000597Asset Backed Debt Securities, United States, Structured Finance, Series I2025-12-310002000597ck0002000597:SpecialPurposeVehiclesSeries1Membercountry:LU2026-03-310002000597ck0002000597:SeriesTwoMemberus-gaap:FairValueInputsLevel1Member2025-12-310002000597us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:FutureMember2026-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, High Tech Industries2025-12-310002000597us-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:CapitalUnitsClassTSAndTIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassPIMember2026-01-012026-03-310002000597srt:ChiefOperatingOfficerMember2025-01-012025-03-310002000597Bank Loans, Guernsey Channel Islands, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2024-12-310002000597country:DEck0002000597:AssetBackedDebtSecuritiesSeriesIMember2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIIMembercountry:US2025-12-310002000597Contract name USD Currency, Notional amount of $23,631; $116,369; $140,000, respectively Type Interest Rate Swaps Maturity 03/26/20292026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:ValuationTechniqueBrokerQuoteMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassAIMember2025-12-310002000597ck0002000597:CommonClassAIMember2026-03-310002000597us-gaap:MoneyMarketFundsMemberus-gaap:FairValueInputsLevel1Member2026-03-310002000597us-gaap:FutureMember2025-12-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:BankLoanMembercountry:JP2025-12-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMembercountry:KY2026-03-310002000597Collateralized Loan Obligations - Residual Tranche, Jersey, Structured Finance2025-12-310002000597ck0002000597:RightsIMembercountry:US2025-12-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:AU2025-12-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassEMember2026-01-012026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassEMember2025-01-012025-03-3100020005972026-01-012026-03-310002000597ck0002000597:BankLoanMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PISharesMember2026-03-310002000597ck0002000597:CommonClassT-SMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIMembercountry:US2026-03-310002000597Special Purpose Vehicles, United States, Structured Finance, Other, Series II2026-03-310002000597ck0002000597:SeriesOneMemberus-gaap:ForwardContractsMember2025-12-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassVMember2023-09-222023-09-220002000597Bank Loans, Japan, Banking, Finance, Insurance & Real Estate, Series I2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassTIMember2025-01-012025-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Asset Backed Debt Securities, United States, Real Estate2025-12-310002000597ck0002000597:SeriesOneMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:OtherAffiliatesMember2026-01-012026-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, High Tech Industries, Series I2025-12-310002000597Asset Backed Debt Securities, Ireland, Structured Finance, Series Il2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PSSharesMember2026-03-310002000597Contract name USD Currency, Notional amount of $52,280; $187,720; $240,000, respectively Type Interest Rate Swaps Maturity 03/07/2027 - 8/4/20272026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:FISharesMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMemberck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassAIMember2025-01-012025-03-310002000597ck0002000597:ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597Special Purpose Vehicles, United States, Real Estate, Series I2025-12-310002000597Asset Backed Debt Securities, Canada, Structured Finance2025-12-310002000597Bank Loans, Guernsey Channel Islands, Banking, Finance, Insurance & Real Estate2026-03-310002000597ck0002000597:SeriesOneCommonClassFIMember2026-05-140002000597Asset Backed Debt Securities, Germany, Structured Finance2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PISharesMember2026-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:US2025-12-310002000597country:LUck0002000597:SpecialPurposeVehiclesMember2025-12-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassPIMember2026-01-012026-03-310002000597Bank Loans, United States, Banking, Finance, Insurance & Real Estate, Utilities: Water2025-12-310002000597Contract name USD Currency, Notional amount of $129,591; $623,409; $750,000, respectively Type Interest Rate Swaps Maturity 02/26/20272026-01-012026-03-310002000597ck0002000597:AISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597Warrants, United States, Banking, Finance, Insurance & Real Estate, Series Il2025-12-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2026-03-310002000597Asset Backed Debt Securities, United States, Structured Finance2026-03-310002000597country:JPck0002000597:BankLoanIIMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:BankLoansMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ValuationTechniqueBrokerQuoteMember2025-12-310002000597us-gaap:CreditDefaultSwapMemberus-gaap:CreditRiskMember2025-12-310002000597country:DEck0002000597:AssetBackedDebtSecuritiesSeriesIIMember2026-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:AU2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CommonClassVMember2025-12-310002000597country:JEck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMember2025-12-310002000597us-gaap:AssetBackedSecuritiesMembercountry:KY2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ACMPHoldingsLLCFacilityMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:FISharesMember2025-12-310002000597ck0002000597:AISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-03-310002000597ck0002000597:CurrencyRiskMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:ForwardsMember2025-12-310002000597ck0002000597:SpecialPurposeVehiclesMember2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnOneNovemberTwoThousandFiftyFourMember2026-03-310002000597ck0002000597:SeriesOneCommonClassTSMember2026-05-140002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassEMember2025-12-310002000597us-gaap:CreditDefaultSwapMember2025-12-310002000597ck0002000597:ValuationTechniqueTransactionalValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMember2026-03-310002000597ck0002000597:PromissoryNotesMaturesOnThirtyOctoberTwoThousandFiftyFiveMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesOneMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:InterestRateContractMember2026-01-012026-03-3100020005972025-01-012025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:FutureMember2025-12-310002000597Asset Backed Debt Securities, United States, Media: Diversified & Production, Series II2026-03-310002000597ck0002000597:SeriesTwoCommonClassPIMember2026-05-140002000597us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:BankLoansIMembercountry:LU2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassBDMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMember2026-03-310002000597Contract name USD Currency, Notional amount of $129,591; $623,409; $750,000, respectively Type Interest Rate Swaps Maturity 03/03/20292026-01-012026-03-310002000597country:JPck0002000597:BankLoanIIMember2026-03-3100020005972025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankLoansMember2026-03-310002000597us-gaap:InterestRateSwapMemberck0002000597:SeriesTwoMember2026-03-310002000597ck0002000597:ESharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-310002000597ck0002000597:CommonClassSMember2025-12-310002000597ck0002000597:ForeignCurrencyForwardContractsMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BDSharesMember2025-12-310002000597us-gaap:CreditDefaultSwapMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:InterestRateContractMember2025-12-310002000597ck0002000597:BankLoanIIMembercountry:US2026-03-310002000597ck0002000597:CommonClassPSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:PromissoryNotesMaturesOnTwentyEightJuneTwoThousandFiftyFourMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597us-gaap:SwaptionMemberck0002000597:MarketRiskMember2026-01-012026-03-310002000597ck0002000597:FSSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMemberus-gaap:WarrantMember2025-12-310002000597us-gaap:CreditDefaultSwapMemberus-gaap:CreditRiskMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597country:KYck0002000597:SpecialPurposeVehiclesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:SubsequentEventMemberck0002000597:BDSharesMember2026-04-012026-04-010002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:GB2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMembersrt:ChiefOperatingOfficerMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CurrencyRiskMemberck0002000597:EurUsdForwardMember2026-01-012026-03-310002000597ck0002000597:T-ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-03-310002000597ck0002000597:AISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:SubsequentEventMemberck0002000597:PSSharesMember2026-04-012026-04-010002000597us-gaap:CommonStockMemberck0002000597:CommonClassFIMember2026-01-012026-03-310002000597us-gaap:CommonStockMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassTSMember2025-01-012025-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:AU2026-03-310002000597ck0002000597:SeriesTwoMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesOneMember2025-01-012025-12-310002000597ck0002000597:AISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:CommonClassPSMember2025-12-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance2026-03-310002000597country:IEck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIIMember2026-03-310002000597us-gaap:FairValueInputsLevel2Member2026-03-310002000597ck0002000597:CorporateBondsIIMembercountry:US2026-03-310002000597srt:ManagementMember2026-01-012026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597ck0002000597:CapitalUnitsClassSAndIAndPSAndPIAndTSAndTIAndBDMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2024-12-310002000597us-gaap:CollateralPledgedMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597srt:ChiefOperatingOfficerMember2025-07-302025-07-300002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:SwapContractsMember2025-12-310002000597ck0002000597:SwapContractsMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597Contract name Forward Currency Contracts Type EUR/USD Forward2026-03-310002000597Contract name CDS (Multiple), Notional amount of $8,528; $35,472; $44,000, respectively Type Credit Default Swaps Maturity 8/19/2029 - 10/10/20302025-12-310002000597ck0002000597:CommonClassFSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueBrokerQuoteMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597Bank Loans, Japan, Banking, Finance, Insurance & Real Estate2026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesMembercountry:US2026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIMembercountry:KY2026-03-310002000597ck0002000597:CommonClassFIMember2025-01-012025-03-310002000597Special Purpose Vehicles, Luxembourg, Real Estate, Series I2025-12-310002000597ck0002000597:CapitalUnitsClassPSAndPIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:PSSharesMember2026-01-012026-03-310002000597Contract name Swaps American Airlines Group Inc. (AMR Corp), Notional amount of $93; $457; $550, respectively Type Credit Default Swaps Maturity 12/20/2029 Series I2026-03-310002000597us-gaap:AssetBackedSecuritiesMembercountry:DE2026-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:AE2026-03-310002000597us-gaap:CreditDefaultSwapMemberus-gaap:CreditRiskMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:ISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:SubsequentEventMember2026-04-012026-04-010002000597us-gaap:CommonStockMemberck0002000597:CommonClassAIMember2025-01-012025-03-310002000597Asset Backed Debt Securities, Australia, Structured Finance, Series I2025-12-310002000597ck0002000597:CommonClassEMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597ck0002000597:BankLoansIMembercountry:US2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberus-gaap:InterestRateContractMember2025-01-012025-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:ValuationTechniqueDiscountedCashFlowMemberck0002000597:BankLoansMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597us-gaap:SwaptionMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:MarketRiskMember2026-03-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CreditRiskMember2025-01-012025-03-310002000597Rights, United States, Structured Finance, Series I2025-12-310002000597ck0002000597:CapitalUnitsClassAIIMember2026-01-012026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:FISharesMember2026-01-012026-03-310002000597country:US2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMember2026-03-310002000597ck0002000597:CommonClassPSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597country:IEck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance, Other, Series I2025-12-310002000597Asset Backed Debt Securities, Ireland, Structured Finance2025-12-310002000597us-gaap:FutureMember2026-03-310002000597Bank Loans, Luxembourg, Banking, Finance, Insurance & Real Estate, Banking, Finance, Insurance & Real Estate2026-03-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:ForwardContractsMember2025-12-310002000597us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:AssetBackedSecuritiesMembersrt:MinimumMemberus-gaap:MeasurementInputDiscountRateMember2026-03-310002000597ck0002000597:PromissoryNotesMaturesOnTwentyEightJuneTwoThousandFiftyFourMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:CommonClassAIIMember2025-12-310002000597ck0002000597:AISharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:CommonClassEMember2025-12-310002000597ck0002000597:DealerManagerAgreementMember2024-05-010002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CurrencyRiskMemberck0002000597:EurUsdForwardMember2025-01-012025-03-310002000597Rights, United States, Structured Finance, Series II2026-03-310002000597ck0002000597:CommonClassFSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-12-310002000597ck0002000597:SeriesOneMemberus-gaap:ForwardContractsMember2026-03-310002000597Special Purpose Vehicles, United States, Structured Finance, A-A Mortgage Investor LLC2025-12-310002000597Bank Loans, Guernsey Channel Islands, Banking, Finance, Insurance & Real Estate, Series II2026-03-310002000597ck0002000597:CommonClassPIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance, ABC Holdings 5 Hollywood, LLC, Series Il2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:WarrantMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:BankOfAmericaNAMemberus-gaap:ResidentialRealEstateMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PromissoryNotesMaturesOnTwentyEightJuneTwoThousandFiftyFourMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-ResidualTrancheSeriesIMember2025-12-310002000597ck0002000597:CommonClassAIMember2025-12-310002000597ck0002000597:BankLoansIMembercountry:KY2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMembersrt:MinimumMember2026-01-012026-03-3100020005972025-12-310002000597ck0002000597:SSharesMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597Special Purpose Vehicles, United States, Structured Finance, A-A Mortgage Investor LLC2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:CommonClassT-IMember2025-12-310002000597country:KYck0002000597:AssetBackedDebtSecuritiesSeriesIIMember2025-12-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597Collateralized Loan Obligations - Warehouses, Ireland, Structured Finance, Series I2026-03-310002000597ck0002000597:CommonClassT-IMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PromissoryNotesMaturesOnOneNovemberTwoThousandFiftyFourMember2026-03-310002000597Collateralized Loan Obligations - Warehouses, United States, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Memberck0002000597:SeriesOneMember2026-03-310002000597us-gaap:InterestRateRiskMemberus-gaap:InterestRateSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:T-SSharesMember2025-03-310002000597ck0002000597:CommonClassFSMember2026-01-012026-03-310002000597Collateralized Loan Obligations - Warehouses, United States, Structured Finance, Series I2026-03-310002000597Bank Loans, Japan, Banking, Finance, Insurance & Real Estate, Series I2026-03-310002000597ck0002000597:PromissoryNoteMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:FISharesMember2024-12-310002000597Contract name USD Currency, Notional amount of $129,591; $623,409; $750,000, respectively Type Interest Rate Swaps Maturity 02/26/2027 - 03/03/2029 Series II2026-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:SeriesTwoMemberus-gaap:RightsMember2026-03-310002000597Special Purpose Vehicles, United States, Real Estate, Series Il2025-12-310002000597ck0002000597:SeriesOneCommonClassVMember2026-05-140002000597ck0002000597:SpecialPurposeVehiclesMembercountry:US2026-03-310002000597ck0002000597:CommonClassFSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-01-012026-03-310002000597us-gaap:SwaptionMemberck0002000597:MarketRiskMember2026-03-310002000597us-gaap:FairValueInputsLevel2Memberus-gaap:AssetBackedSecuritiesMemberck0002000597:SeriesTwoMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:PSSharesMember2025-12-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMember2026-03-310002000597us-gaap:FutureMemberck0002000597:SeriesTwoMember2025-12-310002000597ck0002000597:BankLoanIIMembercountry:KY2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberck0002000597:ISharesMember2026-03-310002000597ck0002000597:SwapContractsMember2025-12-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesSeriesIIMember2026-03-310002000597ck0002000597:CollateralizedLoanObligations-WarehousesMember2025-12-310002000597us-gaap:FairValueInputsLevel2Memberck0002000597:SeriesOneMember2025-12-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMemberck0002000597:SeriesTwoMember2025-12-310002000597us-gaap:CreditDefaultSwapMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIiMemberus-gaap:CreditRiskMember2026-01-012026-03-310002000597us-gaap:SwaptionMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:MarketRiskMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassPSMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2026-01-012026-03-310002000597us-gaap:FairValueInputsLevel3Memberus-gaap:CreditDefaultSwapMemberck0002000597:SeriesOneMember2026-03-310002000597us-gaap:CommonStockMemberck0002000597:CommonClassFIMemberck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMember2025-01-012025-03-310002000597us-gaap:FairValueInputsLevel3Memberck0002000597:ValuationTechniqueTransactionalValueMemberck0002000597:CollateralizedLoanObligations-WarehousesMember2026-03-310002000597ck0002000597:ApolloAssetBackedCreditCompanyLlcSeriesIMemberck0002000597:T-SSharesMember2025-01-012025-03-310002000597ck0002000597:AssetBackedDebtSecuritiesSeriesIMembercountry:GB2025-12-31iso4217:EURxbrli:purexbrli:sharesck0002000597:Segmentiso4217:USDxbrli:sharesiso4217:USD\n\n \n\n \n\nUNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nFORM 10-Q\n\n \n\n(Mark One)\n\n☒\n\nQUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended March 31, 2026\n\nOR\n\n \n\n☐\n\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the transition period from to\n\nCommission file number 000-56622\n\n \n\nApollo Asset Backed Credit Company LLC\n\n(Exact name of registrant as specified in its charter)\n\n \n\n \n\nDelaware\n\n93-3760466\n\n(State or other jurisdiction of incorporation or organization)\n\n(I.R.S. Employer Identification No.)\n\n \n\n \n\n9 West 57th Street, 42nd Floor\n\nNew York, NY\n\n10019\n\n(Address of principal executive offices)\n\n(Zip Code)\n\n \n\n(212) 515-3200\nRegistrant’s telephone number, including area code\n\nSecurities registered pursuant to Section 12(b) of the Act: None\n\n \n\nTitle of each class\n\nTrading Symbol(s)\n\nName of each exchange on which registered\n\n \n\nIndicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐\n\nIndicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐\n\nIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.\n\n \n\nLarge accelerated filer\n\n☐\n\nAccelerated filer\n\n☐\n\nNon-accelerated filer\n\n☒\n\nSmaller reporting company\n\n☐\n\n \n\n \n\nEmerging growth company\n\n☒\n\n \n\nIf an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\nIndicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☒\n\nAs of May 14, 2026, the registrant had, with respect to Series I limited liability company interests, 1,695,863 A-I Shares, 6,127 E Shares, 4,676,476 F-I Shares, 110 F-S Shares, 746,589 I Shares, 22,619 P-I Shares, 353,971 P-S Shares, 110 S Shares, 1,860,749 T-I Shares, 2,957,077 T-S Shares, and 40 V Shares outstanding, and with respect to Series II limited liability company interests, 3,201,311 A-I Shares, 8,153,897 BD Shares, 2,197,912 E Shares, 16,806,337 F-I Shares, 2,783 F-S Shares, 11,548,270 I Shares, 52,953 P-I Shares, 6,774,477 P-S Shares, 459 S Shares, 6,056,182 T-I Shares, 6,430,907 T-S Shares, and 40 V Shares outstanding.\n\n \n\n \n\nTable of Contents\n\n \n\n \n\n \n\n \n\nPage\n\n[Part I.](#part_i_financial_information)\n\n \n\n[Financial Information](#part_i_financial_information)\n\n1\n\n[Item 1.](#item_1_financial_statements)\n\n[Financial Statements](#item_1_financial_statements)\n\n1\n\n \n\n[Consolidated Statements of Assets and Liabilities as of March 31, 2026 (Unaudited) and as of December 31, 2025](#statement_of_assets_and_liabilities)\n\n1\n\n \n\n[Consolidated Statements of Operations for the three months ended March 31, 2026 and 2025 (Unaudited)](#statement_of_operations_unaudited)\n\n4\n\n \n\n[Consolidated Statements of Changes in Net Assets for the three months ended March 31, 2026 and 2025 (Unaudited)](#statements_of_changes_in_net_assets)\n\n5\n\n \n\n[Consolidated Statement of Cash Flows for the three months ended March 31, 2026 and 2025 (Unaudited)](#statement_of_cash_flows)\n\n6\n\n \n\n[Consolidated Condensed Schedule of Investments as of March 31, 2026 (Unaudited)](#condensed_schedule_of_investments)\n\n7\n\n \n\n[Consolidated Condensed Schedule of Investments as of December 31, 2025](#prior_year_soi)\n\n11\n\n \n\n[Notes to Consolidated Financial Statements (Unaudited)](#notes_to_financial_statements)\n\n14\n\n[Item 2.](#managements_discussion_and_analysis)\n\n[Management’s Discussion and Analysis of Financial Condition and Results of Operations](#managements_discussion_and_analysis)\n\n39\n\n \n\n[Item 3.](#item_3_quantitative_and_qualitative_disc)\n\n[Quantitative and Qualitative Disclosures about Market Risk](#item_3_quantitative_and_qualitative_disc)\n\n51\n\n[Item 4.](#item_4_controls_and_procedures)\n\n[Controls and Procedures](#item_4_controls_and_procedures)\n\n51\n\n[Part II.](#part_ii_other_information)\n\n[Other Information](#part_ii_other_information)\n\n53\n\n[Item 1.](#item_1_legal_proceedings)\n\n[Legal Proceedings](#item_1_legal_proceedings)\n\n53\n\n[Item 1A.](#risk_factors)\n\n[Risk Factors](#risk_factors)\n\n53\n\n[Item 2.](#item_2_unregistered_sales_of_equity_secu)\n\n[Unregistered Sales of Equity Securities and Use of Proceeds](#item_2_unregistered_sales_of_equity_secu)\n\n53\n\n[Item 3.](#item_3_defaults_upon_senior_securities)\n\n[Defaults Upon Senior Securities](#item_3_defaults_upon_senior_securities)\n\n53\n\n[Item 4.](#item_4_mine_safety_disclosures)\n\n[Mine Safety Disclosures](#item_4_mine_safety_disclosures)\n\n53\n\n[Item 5.](#item_5_other_information)\n\n[Other Information](#item_5_other_information)\n\n53\n\n[Item 6.](#item_6_exhibits_financial_statement)\n\n[Exhibits](#item_6_exhibits_financial_statement)\n\n54\n\n \n\n \n\n \n\nSpecial Note Regarding Forward-Looking Statements\n\nSome of the statements in this Quarterly Report on Form 10-Q constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), because they relate to future events or our future performance or financial condition. The forward-looking statements contained in this Quarterly Report on Form 10-Q may include statements as to:\n\n•\nour future operating results;\n\n•\nour business prospects and the prospects of the Asset-Backed Finance Assets (as defined below) we acquire, control and manage;\n\n•\nour ability to raise sufficient capital to execute our acquisition and lending strategies;\n\n•\nthe ability of the Operating Manager (as defined below) to source adequate acquisition and lending opportunities to efficiently deploy capital;\n\n•\nthe ability of our Asset-Backed Finance Assets to achieve their objectives;\n\n•\nour current and expected financing arrangements;\n\n•\nchanges in the general interest rate environment;\n\n•\nthe adequacy of our cash resources, financing sources and working capital;\n\n•\nthe timing and amount of cash flows, distributions and dividends, if any, from our Asset-Backed Finance Assets;\n\n•\nour contractual arrangements and relationships with third parties;\n\n•\nactual and potential conflicts of interest with the Operating Manager or any of its affiliates;\n\n•\nthe dependence of our future success on the general economy and its effect on the industries in which we acquire, control and manage Asset-Backed Finance Assets;\n\n•\nour use of financial leverage;\n\n•\nthe ability of the Operating Manager to identify, acquire and manage our Asset-Backed Finance Assets;\n\n•\nthe ability of the Operating Manager or its affiliates to attract and retain highly talented professionals;\n\n•\nour ability to structure acquisitions in a tax-efficient manner and the effect of changes to tax legislation and our tax position; and\n\n•\nthe tax status of the enterprises through which we acquire, control and manage Asset-Backed Finance Assets.\n\nIn addition, words such as “anticipate,” “believe,” “expect” and “intend” and similar words or variations thereof may indicate a forward-looking statement, although not all forward-looking statements include these words. The forward-looking statements contained in this Quarterly Report on Form 10-Q involve risks and uncertainties, including factors outside of our control. Our actual results could differ materially from those implied or expressed in the forward-looking statements for any reason, including the factors set forth in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2025 and elsewhere in this Quarterly Report on Form 10-Q, and in our other filings with the U.S. Securities and Exchange Commission (the “SEC”), including\n\ni\n\n \n\nour latest registration statement on Form 10 under the Securities Exchange Act of 1934, as amended (the “Registration Statement”). Other factors that could cause actual results to differ materially include, but are not limited to:\n\n•\nchanges in the economy;\n\n•\nrisks associated with possible disruption in our operations or the economy generally due to terrorism, natural disasters, epidemics or other events having a broad impact on the economy; and\n\n•\nfuture changes in laws or regulations and conditions in our operating areas.\n\nAlthough we believe that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate, and as a result, the forward-looking statements based on those assumptions also could be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this Quarterly Report on Form 10-Q should not be regarded as a representation by us that our plans and objectives will be achieved. These forward-looking statements apply only as of the date of this Quarterly Report on Form 10-Q. Moreover, we assume no duty and do not undertake to update the forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by law.\n\nii\n\n \n\nPart I. Financial Information"}