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Apollo Nontraded BDC’s Aggregate NAV Falls to $13.5B as Leverage Climbs
Apollo Debt Solutions BDC reported $13.5 billion in aggregate net asset value at September 30, compared with $14.6 billion at the end of May, according to AltsWire. September NAV per share was $23.78, down from August's $23.84. Debt-to-equity leverage reached approximately 0.96 times, versus 0.73 times at March 31.
The update follows a third consecutive quarter of repurchase limits. Third-quarter requests covered about 14.7% of outstanding shares, while the fund limited purchases to 5% of shares. At September-end, its $25.5 billion investment portfolio spanned 377 companies. Nonaccrual investments represented approximately 1.1% of portfolio cost and 0.6% of fair value.
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