Apollo Debt Solutions BDC Updates Monthly NAV Per Share
Apollo Debt Solutions BDC, a non-traded perpetual-life business development company sponsored by affiliates of Apollo Global Management, has declared its monthly net asset value per share for August 2022.
Apollo Debt Solutions BDC, a non-traded perpetual-life business development company sponsored by affiliates of Apollo Global Management, has declared its monthly net asset value per share for August 2022.
Class I, Class S and Class D shares had an NAV per share of $23.55 as of Aug. 31, 2022, compared to $23.43 the previous month. Shares were originally priced at $25.00 each.
As of Aug. 31, 2022, the fund’s aggregate NAV was $1.9 billion, the fair value of its investment portfolio was $4.0 billion, and it had $2.1 billion of principal debt outstanding, resulting in a debt-to-equity leverage ratio of approximately 1.11x. The fund’s net leverage ratio as of Aug. 31, 2022, was approximately 1.07x.
This compares to the previous month when the fund’s aggregate NAV was $1.8 billion, the fair value of its investment portfolio was $3.8 billion, and it had $1.9 billion of principal debt outstanding, resulting in a debt-to-equity leverage ratio of approximately 1.05x. The fund’s net leverage ratio as of July 31, 2022, was approximately 1.08x.
Apollo Debt Solutions BDC launched its $5 billion offering in early 2022 and has raised $2.1 billion through its public and private offerings, as of Aug. 31, 2022.
