Sign in

Private company

Apollo Asset Backed Credit Co LLC

American finance services company that raised $1.6 billion in 2025 (SEC Form D)2

In its 2026 annual report the company says: “We are a holding company and we expect to conduct our operations directly and through wholly or majority-owned subsidiaries that focus on (i) Consumer and Specialty Finance, (ii) Real Estate Lending, and (iii) Trade Finance and Factoring.”6 It is headquartered in New York, United States.2

Last updated Oct 21, 2026.

Overview

$65.1MNet income, fiscal 20253
  • IndustryFinance Services2
  • HeadquartersNew York, United States2
  • Incorporated inDE4
  • Business address9 West 57Th Street, 42Nd Floor, New York, Ny 100194
  • Filer category, Emerging growth company4
  • Legal formLimited Liability Company2
  • LEI254900A38B3JOZJVWM512
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CORPORATION SERVICE COMPANY, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 23965392

See how the biggest companies compare on our leaderboards

References herein to “we,” “us,” “our,” the “Company” and “ABC” refer to Apollo Asset Backed Credit Company LLC or, where applicable, Series I and/or Series II (each as defined below).6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.0%Return on equity3
0.00×Debt to equity3

Financial statements

Net income3$65.1M in 2025+2016% since 2024
0$20.0M$40.0M$60.0M$80.0M2024: $3.1M$3.1M20242025: $65.1M$65.1M2025+2016%
Fiscal year202320242025
Operating expenses$628.0K10$6.5M3$26.5M3
Income tax$181.0K3$2.3M3
Net income$3.1M3$65.1M3

Compare Apollo Asset Backed Credit Co LLC with another company

Corporate structure

Apollo Asset Backed Credit Co LLC sits at the top of its group. 22 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Apollo Asset Backed Credit Co LLC New York, New York, United States
    • ABC Cougar Holdings, DAC Subsidiary · Ireland
    • ABC Holdings 1, L.P. Subsidiary · Delaware, United States
    • ABC Holdings 2, L.P. Subsidiary · Delaware, United States
    • ABC Holdings 3 (B), L.P. Subsidiary · Delaware, United States
    • ABC Holdings 4 (B), L.P. Subsidiary · Delaware, United States
    • ABC Holdings 5 (Lux), S.à r.l. Subsidiary · Luxembourg
    • ABC Holdings 5 Hollywood, LLC Subsidiary · Delaware, United States
    • ABC Holdings 5 Merlin, LLC Subsidiary · Delaware, United States
    • ABC Holdings 5, L.P. Subsidiary · Delaware, United States
    • ABC Holdings 6 Iceman, LLC Subsidiary · Delaware, United States
    • ABC Holdings 6, L.P. Subsidiary · Delaware, United States
    • ABC Holdings 7 Sundown, LLC Subsidiary · Delaware, United States
    • ABC Holdings 7 Wolfman Depositor, LLC Subsidiary · Delaware, United States
    • ABC Holdings 7 Wolfman, LLC Subsidiary · Delaware, United States
    • ABC Holdings 7, L.P. Subsidiary · Delaware, United States
    • ABC Intermediate Holdings 1 (DC), LLC Subsidiary · Delaware, United States
    • ABC Intermediate Holdings 2 (DC)(B), LLC Subsidiary · Delaware, United States
    • ABC Intermediate Holdings 5, LLC Subsidiary · Delaware, United States
    • ABC REIT Holdings, LLC Subsidiary · Delaware, United States
    • ABC REIT Intermediate Holdings, LLC Subsidiary · Delaware, United States
    • ABC REIT TRS (B), LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC. Each entity in the chart links to its source.

What it owns

What Apollo Asset Backed Credit Co LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$86.2M3 Dec 31, 2025$58.6M3 Dec 31, 2024+47.1%

Properties, in its own words

Our corporate headquarters are located at 9 West 57th Street, 42nd Floor, New York, NY 10019, and are provided by the Operating Manager. As of December 31, 2025, we did not own any real estate or other physical properties materially important to our operations. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 27, 2026.6

Leadership

Who has led Apollo Asset Backed Credit Co LLC, and when. Pick a name to see everywhere that person has worked.

President

  1. Michael Paniwozik2024–now

Chief financial officer

  1. Robert Rossitto2024
2025
Board members and other officers (9)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorNancy De Liban named Nov 27, 2024 to Dec 16, 202523

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ABC Cougar Holdings, DAC Ireland5
  • ABC Holdings 1, L.P. Delaware5
  • ABC Holdings 2, L.P. Delaware5
  • ABC Holdings 3 (B), L.P. Delaware5
  • ABC Holdings 4 (B), L.P. Delaware5
  • ABC Holdings 5 (Lux), S.à r.l. Luxembourg5
  • ABC Holdings 5 Hollywood, LLC Delaware5
  • ABC Holdings 5 Merlin, LLC Delaware5
  • ABC Holdings 5, L.P. Delaware5
  • ABC Holdings 6 Iceman, LLC Delaware5
  • ABC Holdings 6, L.P. Delaware5
  • ABC Holdings 7 Sundown, LLC Delaware5
  • ABC Holdings 7 Wolfman Depositor, LLC Delaware5
  • ABC Holdings 7 Wolfman, LLC Delaware5
  • ABC Holdings 7, L.P. Delaware5
  • ABC Intermediate Holdings 1 (DC), LLC Delaware5
  • ABC Intermediate Holdings 2 (DC)(B), LLC Delaware5
  • ABC Intermediate Holdings 5, LLC Delaware5
  • ABC REIT Holdings, LLC Delaware5
  • ABC REIT Intermediate Holdings, LLC Delaware5
  • ABC REIT TRS (B), LLC Delaware5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 28, 20268-K Unregistered sale of shares; Other events24
  2. Aug 25, 20268-K Unregistered sale of shares; Other events25
  3. Jul 24, 20268-K Unregistered sale of shares; Other events26
  4. Jun 26, 20268-K Unregistered sale of shares; Other events27
  5. May 27, 20268-K Unregistered sale of shares; Other events28
  6. Apr 24, 20268-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed29
  7. Mar 25, 20268-K Unregistered sale of shares; Other events30
  8. Feb 26, 20268-K Unregistered sale of shares; Other events31
  9. Jan 27, 20268-K Unregistered sale of shares; Other events32
  10. Dec 29, 20258-K Unregistered sale of shares; Other events33
  11. Nov 26, 20258-K Unregistered sale of shares; Other events34
  12. Nov 5, 20258-K Unregistered sale of shares35
  13. Sep 22, 2023Founded Apollo Asset Backed Credit Co LLC is founded2

Filings

85 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 36 major events, 26 insider forms, 6 private raises, 6 other. The latest 20:

  1. Sep 29, 20264 EDGAR
  2. Sep 29, 20264 EDGAR
  3. Sep 29, 20264 EDGAR
  4. Sep 29, 20264 EDGAR
  5. Sep 28, 20268-K EDGAR
  6. Aug 25, 20268-K EDGAR
  7. Aug 14, 202610-Q EDGAR
  8. Jul 24, 20268-K EDGAR
  9. Jun 26, 20268-K EDGAR
  10. May 27, 20268-K EDGAR
  11. May 15, 202610-Q EDGAR
  12. Apr 24, 20268-K EDGAR
  13. Mar 27, 202610-K EDGAR
  14. Mar 25, 20268-K EDGAR
  15. Mar 13, 20264 EDGAR
  16. Mar 13, 20264 EDGAR
  17. Feb 26, 20268-K EDGAR
  18. Jan 27, 20268-K EDGAR
  19. Dec 29, 20258-K EDGAR
  20. Dec 16, 2025D/A EDGAR

The 85 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 5 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Feb 25, 2026Paniwozik MichaelPresidentBuy1,187$25.27$30.0KForm 4
Jan 26, 2026Paniwozik MichaelPresidentBuy1,977$25.29$50.0KForm 4
Feb 25, 2025ROTHSTEIN STUARTDirectorBuy9,918$25.21$250.0KForm 4
Dec 26, 2024Paniwozik MichaelPresidentBuy1,934$25.86$50.0KForm 4
Nov 25, 2024Paniwozik MichaelPresidentBuy7,798$25.65$200.0KForm 4

From Forms 4 filed with the SEC.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$1.6B 2024–2025
Money received by yearMoney received by year, 2024–2025: $1.6B in all. Private raises (Form D) $1.6B.$0$500M$1B$1.5B$2B2024 · Private raises (Form D): $1.6B20242025 · Private raises (Form D): $440.0K2025
Figures by year
YearPrivate raises (Form D)Total
2025$440.0K$440.0K
2024$1.6B$1.6B

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Oct 30, 2025Raised $440,000 in a private offering of securities36 Form D: 440 investors so far Form D
  2. Jun 28, 2024Raised $38,742 in a private offering of equity37 Form D: 1,540 investors so far Form D
  3. Jun 28, 2024Raised $1.5 million in a private offering of debt38 Form D: 1,540 investors so far Form D
  4. Jun 28, 2024Raised $1.6 billion in a private offering of equity23 Form D: 3,507 investors so far Form D

SEC filer profile

How Apollo Asset Backed Credit Co LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARApollo Asset Backed Credit Co LLC1
  • CIK0002000597
  • Employer ID (EIN)93-37604666
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address9 West 57Th Street, 42Nd Floor, New York, NY 100191
  • Phone212-515-32001
  • Shares outstanding1,647,846 Series One Common Class AI shares; 4,727,945 Series One Common Class FI shares; 110 Series One Common Class FS shares; 22,431 Series One Common Class PI shares; 353,154 Series One Common Class PS shares; 1,787,830 Series One Common Class TI shares; 2,923,911 Series One Common Class TS shares; 641,897 Series One Common Class I shares; 110 Series One Common Class S shares; 40 Series One Common Class V shares; 6,067 Series One Common Class E shares; 3,082,228 Series Two Common Class AI shares; 16,415,511 Series Two Common Class FI shares; 2,757 Series Two Common Class FS shares; 52,812 Series Two Common Class PI shares; 6,694,419 Series Two Common Class PS shares; 5,755,075 Series Two Common Class TI shares; 6,182,777 Series Two Common Class TS shares; 10,887,268 Series Two Common Class I shares; 110 Series Two Common Class S shares; 40 Series Two Common Class V shares; 7,781,651 Series Two Common Class BD shares; 2,195,727 Series Two Common Class E shares as of Mar 26, 20266
  • Public float$0 as of Dec 31, 20253
  • AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting6
  • On EDGAR sinceDec 13, 20231
  • Filings85 in all: 8-K (36), 4 (16), 3 (10), 10-Q (8), 10-12G/A (4), D (4), 10-K (3), D/A (2)1
    All 10 form types

    10-12G (1), 8-A12G (1)

  • Latest filingsAnnual report (10-K) Mar 27, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Latest 8-K (8-K) Sep 28, 2026

Risk factors and legal proceedings

The risks Apollo Asset Backed Credit Co LLC names in Item 1A of its 10-K filed Mar 27, 2026: 76 risks under these headings, as written.6

  • Risks Related to our Company and an Investment in our Shares
  • Our Asset-Backed Finance Assets may not achieve our business objectives or generate returns for Shareholders.
  • Our ability to achieve our business objectives depends on the Operating Manager because the Operating Manager has significant discretion as to the implementation of the Company’s objectives and policies.
  • We face heightened risks because we have a limited operating history and record.
  • Our Shares are not registered under the Securities Act, so they are subject to heightened restrictions on transferability and resale.
  • There is no market for the Shares, and Shareholders will bear the risks of owning Shares for an extended period of time due to limited repurchases.
  • Shareholders have limited liquidity and may be limited in their opportunity to have their Shares repurchased and may not receive a full return of their invested capital if they elect to have their Shares repurchased by the Company.
  • There is no public trading market for the Shares; therefore, a Shareholder’s ability to dispose of its Shares will likely be limited to repurchase by us. If a Shareholder sells its Shares to us, the Shareholder may receive less than the price it paid.
  • Economic events that may cause our Shareholders to request that we repurchase their Shares in connection with a Share Repurchase by us may materially and adversely affect our cash flows, our results of operations and our financial condition.
  • We may require a Shareholder to have their Shares repurchased at any time in our sole discretion.
  • Payment by the Company of the Management Fee or Performance Fee in Shares will dilute a Shareholder’s interest in the Company.
  • The amount of any distributions we may pay is uncertain. We may not be able to sustain the payment of distributions.
The other 65 risks
  • We are subject to substantial fees and expenses, which could impact Shareholder returns.
  • We are responsible for the costs of certain of the Operating Manager’s employees and personnel when used for our benefit.
  • Valuations of our assets are estimates of fair value and may not necessarily correspond to realizable value.
  • Monthly NAV calculations are not governed by governmental or independent securities, financial or accounting rules or standards.
  • Holders of Investor Shares or E Shares do not have control or influence over Company policies, operations or acquisitions or the decision to conduct Share repurchases or the selection of service providers. Further, we may amend the LLC Agreement without Shareholder approval and holders of Investor Shares or E Shares will not be entitled to vote for the election of directors.
  • Prospective Shareholders will not know the NAV per Share of their investment until after the investment has been accepted.
  • If the Company’s series limited liability company structure is not respected, then Shareholders may have to share any liabilities of the Company and the other Series with all Shareholders and not just those who hold Shares of the same Series as them.
  • We would not be able to operate our business according to our business plans if we are required to register as an investment company under the Investment Company Act.
  • We may be restricted in our operations to ensure that we are not deemed an investment company.
  • Risks Related to Owning and Managing a Platform of Underlying Asset-Backed Finance Assets
  • We face heightened risks relating to owning and managing Asset-Backed Finance Assets.
  • The Company’s lending platform manages and expects to continue to manage a significant amount of asset-backed securities (“ABS”) in a range of asset classes that will subject them to further risks, including, among others, credit risk, liquidity risk, interest rate and other market risk, operational risk, structural risk, sponsor risk, monoline wrapper risk and other legal risk.
  • We face heightened risk because our strategy will concentrate our assets in Asset-Backed Finance Assets. Because a significant amount of the Company’s aggregate capital may be invested in a single Asset-Backed Finance Asset, a loss with respect to such Asset-Backed Finance Asset could have a significant adverse impact on the Company’s capital.
  • Our Asset-Backed Finance Assets may also be impacted by interest rate fluctuations which may be beyond the control of the Company.
  • The Company faces risks by originating loans if then unable to sell, assign or close transaction for such loans.
  • Being a control person in a company may give rise to increased risk of liability for the Company and the Operating Manager, which could adversely affect a portion of our assets.
  • We face risks regarding potential controlled group liability.
  • There is no restriction on credit quality for Company acquisitions of debt instruments and the amount and timing of payments with respect to loans are not guaranteed, which may cause losses.
  • Acquiring Asset-Backed Finance Assets puts us at risk of any adverse changes of those assets.
  • The Company faces risks associated with opportunities in loans secured by real estate.
  • The Company faces risks associated with acquiring commercial mortgage-backed securities.
  • The Company faces risks associated with acquiring residential mortgage-backed securities.
  • We may face risks associated with purchasing participation interests in debt instruments.
  • Our business may be affected by prepayment risk.
  • If a REIT Subsidiary does not qualify as a REIT, it will be subject to tax as a regular corporation and could face a substantial tax liability.
  • For a REIT Subsidiary to maintain its REIT status, it may have to borrow funds on a short-term basis during unfavorable market conditions.
  • Certain REIT Subsidiary investments will be held through taxable REIT subsidiaries, which are subject to corporate tax and other restrictions.
  • The charter of a REIT Subsidiary will not permit any person or group to own more than 9.8% of its outstanding common stock or of its outstanding capital stock of all classes or series, and accordingly, acquisitions of Shares of the Company that would result in a violation of the foregoing would not be effective without an exemption.
  • Due to different accounting and other standards, the Company may be presented with information that is less reliable and less sophisticated
  • than GAAP principles would allow for, which would adversely affect our business.
  • Some Asset-Backed Finance Asset acquisitions occur on an expedited basis which may result in limited financial information being available, and limited time to conduct analysis.
  • We may need to incur financial leverage to be able to achieve our business objectives. We cannot guarantee the availability of such financing.
  • The success of the Company depends on our ability to navigate the acquisitions and competition of the market. It is possible that competition for appropriate acquisition opportunities may increase, thus reducing the number of opportunities available to the Company and adversely affecting the terms, including pricing, upon which Asset-Backed Finance Assets can be acquired.
  • Credit facilities may impose limitations on our business, such as caps on borrowings, or result in the Company being liable for borrowings
  • of another party to a transaction.
  • Industry and Sector Specific Risks
  • We face risks of acquiring assets in the utility and power industries.
  • The Company faces a variety of risks associated with instruments in the energy sector, some of which cannot be foreseen or qualified.
  • The Company faces risks associated with the renewable clean energy sector, since it is a relatively new energy asset class and may be considered riskier than more established asset classes.
  • The Company faces operational and financial risks related to the aviation industry.
  • We face risks associated with potential opportunities in communications companies.
  • We face risks associated with opportunities in media companies, which can be sensitive to a variety of factors beyond our control.
  • Risks Related to Strategic Investments in Securities and Other Asset-Backed Finance Assets
  • Financial instruments which the Company will acquire may be impacted by the high volatility of the market which may be beyond the control of the Company and could adversely impact the Company’s ability to generate attractive returns.
  • We are at risk of having a limited ability to control an asset when we hold a non-controlling interest in that asset.
  • We may acquire or invest in Asset-Backed Finance Assets in distressed securities or entities that are in or may become bankrupt, which typically involves elevated risk.
  • The Company faces risks arising from purchases of debt on a secondary basis.
  • The Company faces special risks related to bank loans and participations.
  • The Company faces risks associated with investing in CDO Securities, including, but not limited to, the speculative nature of such investments.
  • The Company faces risks associated with owning CLO securities, particularly European CLOs as described below.
  • Acquiring subordinated loans or securities can be associated with the increased risks of unrated or below investment-grade assets.
  • The Company faces risks associated with owning second lien loan products, which carry more risks than certain other debt products.
  • Loans we acquire may not receive an investment-grade rating, or may be unrated, which can result in additional risk that can adversely affect our returns.
  • We face heightened risks related to owning credit-linked securities.
  • Most of the Company’s mezzanine instruments are expected to be unsecured and thus involve a risk of loss.
  • We face heightened risk with lower credit quality securities due to uncertainties and exposures to adverse conditions. Such securities involve greater volatility of price and greater risk of loss of income and principal.
  • If an Asset-Backed Finance Asset is involved in a bankruptcy proceeding, the Company could be adversely affected.
  • The Company faces risks related to zero coupon or PIK bonds, which has the risk of complete loss of principal and/or return.
  • The Company faces risks related to Trust Preferred Securities because the timing and amount of cash available for the trust preferred securities is subject to many uncertainties.
  • The Company faces risks associated with owning convertible securities, which may be subject to redemption at the option of the issuer at a price established in the convertible security’s governing instrument.
  • The Company and/or Asset-Backed Finance Assets may use total return swaps which involves risks relating to liquidity and tax treatment.
  • Our acquisitions of equity securities are subject to limited marketability and price volatility.
  • The Company faces risks of loss associated with utilizing regulatory capital trades.
  • The Company faces economic and markets factors beyond its control, which will have an influence on index-related products.
  • We may acquire Structured Products either from third parties or subsidiaries where the performance of such assets is subject to greater risk because they are (i) subject to greater volatility than acquiring an asset or other security directly from the underlying market and (ii) potentially subject to enhanced regulatory requirements that may increase the chance of losses on our investments in those Structured Products.
  • The Company and/or its Asset-Backed Finance Assets has and may in the future engage in a variety of over-the-counter and other derivative transactions as part of their hedging or other strategies, which may subject the Company to increased risk or adversely affect the Company’s business. The Company could buy or sell options which involves the risk of losing the value of or incurring liability relating to those options.
  • The Company has and may in the future enter into repurchase or reverse repurchase agreements which involves the risk of market volatility.
  • The Company has and may in the future enter into credit derivative transactions which involve many risks, upon which opinions may differ.

Legal proceedings

From time to time, we may be a party to certain legal or regulatory proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under contracts with our Asset-Backed Finance Assets. We are not currently subject to any material legal proceedings, nor, to our knowledge, are any material legal proceedings threatened against us.

The opening of Item 3, Legal Proceedings.6

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38