Public, non-traded

ADS — Apollo Debt Solutions BDC

Apollo Debt Solutions BDC is a business development company managed by Apollo Credit Management. Strategy: senior secured direct credit.

What SpreadVista tracks for ADS

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from ADS's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and ADS reports one on 67.7% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.
•Non-accrual positions. The ADS positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on ADS's non-accruals, not a complete list.
•Top issuers by fair value. ADS's concentration profile — the largest 10/25/50 exposures with mark and maturity context.
•Spread surface vs comparable BDCs. Where ADS's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 80.7% of its positions that carry a tagged spread over a reference rate.
•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as ADS — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for ADS

SpreadVista only serves what the filer machine-tagged, and only computes a metric where there is enough of it to stand behind. Each item below is either under that bar for ADS or something we could not tie to any individual position — the note says which. We leave them blank rather than infer them:

•NAV per share. We have no NAV-per-share observation for ADS. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.

See ADS's full analytics

Free to research. Every ADS position we serve, every cross-vehicle overlap — sourced directly from primary regulatory disclosures, with the methodology and the coverage gaps shown on every chart.

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About ADS

Ticker: ADS
Legal name: Apollo Debt Solutions BDC
Manager / Advisor: Apollo Credit Management
Category: Public, non-traded
Strategy: Senior secured direct credit
Fiscal year end: 12-31
SEC CIK: 1837532 (Primary filings) (opens in new tab)

Related concepts

Plain-English explanations of the concepts behind BDC analysis:

What SpreadVista tracks for ADS

•Marks-to-par across the portfolio. Fair value as a fraction of par cost — the canonical health signal for a private-credit position — read from ADS's own iXBRL tags and tracked quarter-over-quarter. A mark needs a par basis to exist, and ADS reports one on 67.7% of the positions we serve; the rest (equity stakes, warrants, untagged principal) are shown without one rather than estimated.

•Non-accrual positions. The ADS positions we tied to a non-accrual disclosure in the filer's own footnotes, and the dollar exposure behind them. A position is flagged only where the filing says so — every other position is carried as unknown, never as performing — so read this as a floor on ADS's non-accruals, not a complete list.

•Top issuers by fair value. ADS's concentration profile — the largest 10/25/50 exposures with mark and maturity context.

•Spread surface vs comparable BDCs. Where ADS's positions sit on the credit-spread surface relative to peer-group BDCs holding similar credits, across the 80.7% of its positions that carry a tagged spread over a reference rate.

•Cross-vehicle issuer exposure. Which other BDCs and interval funds hold the same credits as ADS — a contagion-risk view incumbents charge $20K–200K per seat for.

What we can't show for ADS

•NAV per share. We have no NAV-per-share observation for ADS. Non-traded BDCs report NAV outside the tagged Schedule of Investments, so it doesn't reach us through the same pipeline as the positions.