Apollo Debt Solutions BDC

What Do They Do?

Provides loans and other debt financing to large private U.S. companies, focusing on senior secured loans that it originates directly.

How Do They Make Money?

Who Are Their Customers?

Large private U.S. borrowers receive financing through directly originated loans; investors can buy the company’s shares through an intermediary manager in a continuous offering.

Do Revenues Turn Into Profits?

Yes. It kept 93 cents of every revenue dollar as net income in FY2025.

How Are They Changing?

Growing. Revenue grew 7.2x in 3 years, from $147.9M in FY2022 to $1.1B in FY2025, about 93% a year.