Companies · Insurance

Apollo Asset Backed Credit Co LLC

NEW YORK · Insurance · refined from filed group “Other · https://www.apollo.com/wealth/strategies/products/apollo-asset-backed-credit-company

Diligence memoA one-page analyst read on Apollo Asset Backed Credit Co LLC — recommendation, valuation, rhythm, risks.
$1.6B
Total raised · real
3
Rounds
0.3×
Latest step-up
Top 1%
Sector rank · raised
Growth/Late
Latest stage · inferred · Thu Oct 30 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

Apollo Asset Backed Credit Co LLC has raised $1.6B over 3 rounds; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 8 mo ago; this sector typically re-raises about every 12 months.
  • Raising on or ahead of the sector's normal rhythm.

Procedural diagnosis est. — rule-based common-sense checks over the filing pattern, issuer name, activity cadence, and surfaced operating evidence.

Issuer-vehicle patternmedium confidence

Apollo Asset Backed Credit Co LLC behaves more like a recurring private-offering issuer than a conventional venture-backed operating company.

Issuer structure
Company-like
No recurring-offering pattern strong enough to override normal financing interpretation.
Lifecycle
2.0 yr record
Peak capital year was 2024 with $1.8B across 3 filings.
Market position
ahead of 100% of Insurance peers
Capital scale is ahead of 100% of Insurance peers; modeled value is above 72% of peers by modeled value. Large capital with mid-pack modeled value can signal an issuer/program profile rather than operating-company growth.
Valuation reliability
Normal applicability
Stage/dilution valuation models are weakest when the issuer is broad-sector, recurring, or vehicle-like.
Operating evidence
Some evidence
No clear CEO/founder/principal role is surfaced, so operating-company confidence is lower.
Data quality
Needs review
Row-level filing totals differ from canonical totals, so amendment/superseded filtering should be checked.
What triggered this
  • Legal name looks like an issuer vehicle rather than a product company.
  • No clearly named CEO/founder/principal role in the public records surfaced here.
  • Capital program peaked in 2024: $1.8B across 3 filings.
  • Largest single filing was $1.6B on 2024-06-28.
  • Filing rows sum to $1.8B, while canonical raised total is $1.6B; likely amendments/superseded rows are mixed into the detail view.
How to read the page
  • Read this less like a startup funding journey and more like a capital-raising program.
  • Stage-based valuation and peer labels have lower applicability for this pattern.
  • Canonical filtering should be tightened before using row-level totals for diligence.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Insurance

Apollo Asset Backed Credit Co LLC is one of 146 Insurance companies tracked from NEW YORK. By capital raised it ranks among the largest (ahead of 100% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Apollo Asset Backed Credit Company (“ABC”) is a semi liquid, turnkey solution that can provide investors access to high-quality, asset backed instruments across a diverse range of sectors; specifically, providing yield in excess of publicly traded credit of comparable quality.

Apollo Asset Backed Credit Company (“ABC”) is a semi liquid, turnkey solution that can provide investors access to high-quality, asset backed instruments across a diverse range of sectors; specifically, providing yield in excess of publicly traded credit of comparable quality. Explore our investment strategies, solutions, and products designed to support diverse financial goals. Marc Rowan on how Apollo’s differentiated strategy was built for this moment. Tools and training for advisors, offering portfolio guidance, and on-demand educational resources. Discover Apollo’s latest perspectives, case studies, research and analysis shaping conversations about private markets. Private equity is entering a new phase where operational value creation, scale and disciplined underwriting are becoming increasingly important drivers of return. Explore six key considerations. As the second half of 2026 begins, Apollo Chief Economist Torsten Slok outlines the key macro dynamics shaping the landscape. He explains why the AI boom has evolved far beyond a technology story, how an industrial renaissance is reshaping manufacturing and investment opportunities, how government policy is providing additio

ai/mlinsurance
Find Apollo Asset Backed Credit Company online

Trades publicly as Apollo Asset Backed Credit Company.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
440
Investors (latest)
2023
Year incorporated
2025-10-30
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$5.0B$10.0B$15.0B$20.0BSeries D+ · 2024-06-28 Raised $206M (real) Modeled valuation $2.0B (est)$206M$2.0BSeries D+2024Growth/Late · 2024-06-28 Raised $1.6B (real) Modeled valuation $18.0B (est)$1.6B$18.0BGrowth/Late2024Seed · 2024-06-28 Raised $1.5M (real) Modeled valuation $6.3M (est)$1.5M$6.3MSeed2024Growth/Late · 2025-10-30 Raised $440K (real) Modeled valuation $4.3M (est)$440K$4.3MGrowth/Late2025+$1.6B+$1.5M+$440KCumulative $1.8B

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series D+$205.9M · 2024
Growth/Late$1.6B · 2024
Bridge · Growth/Late-stage$1.5M · 2024smaller follow-on
Growth/Late extension$440K · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Series A, Series B, Series C — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 43%.

Modeled valuation trajectory
$4.3M
Base estimate est.
$3.4M
Conservative case
$4.9M
Upside case
$4.4M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Growth/Latea round over $400M). Valuation is modeled from stage benchmarks. Directional, not a quoted figure.

Series D+ · modeled $2.0B · 2024-06-282024Growth/Late · modeled $18.0B · 2024-06-28Seed · modeled $6.3M · 2024-06-28Growth/Late · modeled $4.3M · 2025-10-302025
Model inputs · modeled:benchmark-stage-stepup-v1
10%
Dilution assumption
Implied ownership sold in the financing.
90%
Survival probability
78% low · 97% high
1.12×/yr
Annual markup
1.22×/yr upside case
0.7 yr
Elapsed time used
0.7 yr actual, capped for stale marks
general
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
5 mo
Avg between rounds
$1.2B/yr
Capital velocity
2.0 yr
On record since
2024
First round
4
Rounds on file
How it compares to the market

Benchmarked against 146 companies in Insurance. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 183× above median
This company$1.6B
Sector median$8.7M
Latest round — vs other Growth/Late rounds in sector (real $, this stage) 0.0× of median
This company$440K
Sector median$500.0M
Modeled value — vs sector median (estimate, all stages) 0.1× of median
This company$4.3M
Sector median$47.3M

Raised more than 100% of sector peers (real $). Modeled value above 72% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Growth/Late) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful.

Not enough valued peers in this cohort to chart positioning.

CompanyStageRaised · realValue · estvs peer med.
Apollo Infrastructure Co LLCGrowth/Late$1.5B$4.5M1.03×
Apollo Asset Backed Credit Co LLC this companyGrowth/Late$1.6B$4.3M0.97×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series D+$205.9M2024-06-28$1.7B$2.0B90%
Growth/Late$1.6B2024-06-28$15.9B$18.0B90%
Seed$1.5M2024-06-28$7.5M$6.3M90%
Growth/Late$440K2025-10-30$4.4M$4.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series D+$205.9M2024-06-28
    • First recorded raise — entered as Series D+.
    • 477 investors on this round.
  2. Growth/Late$1.6B2024-06-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 7.7× larger than the prior — scaling up.
    • 3,507 investors on this round.
  3. Seed$1.5M2024-06-28
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1058.5× smaller than the prior — bridge or down round.
    • 1,540 investors on this round.
  4. Growth/Late$440K2025-10-30
    • Raised 16 mo later, in step with the ~12 mo sector norm.
    • Round 3.4× smaller than the prior — bridge or down round.
    • 440 investors on this round.
Intelligence
2026 ~Q2
Modeled next raise · ~5mo cadence
$440K
Modeled next size est.range $440K$704K
0.3×
Last step-up
$1.2B/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Bret Leas2024-06
James H. Simmons III2024-06
John Chrystal2024-06
Michael Paniwozik2024-06
Nancy De Liban2024-06
Robert A. Kasdin2024-06
Robert Rossitto2024-06
Stuart Rothstein2024-06
Thomas H. Marano2024-06
Wendy K. Modlin2024-06
Registry & provenance

Apollo Asset Backed Credit Co LLC is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2000597
SEC CIK
2023
Incorporated
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Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Frequently asked
How much funding has Apollo Asset Backed Credit Co LLC raised?
Apollo Asset Backed Credit Co LLC has raised approximately $1.6B in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Apollo Asset Backed Credit Co LLC's estimated valuation?
Provath's modeled valuation for Apollo Asset Backed Credit Co LLC is approximately $4.3M (modeled range $3.4M–$4.9M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Apollo Asset Backed Credit Co LLC at?
Apollo Asset Backed Credit Co LLC's latest modeled financing stage is Growth/Late. Its most recent recorded round closed around Thu Oct 30.
What does Apollo Asset Backed Credit Co LLC do and where is it based?
Apollo Asset Backed Credit Co LLC operates in the Insurance sector, based in NEW YORK. Apollo Asset Backed Credit Company (“ABC”) is a semi liquid, turnkey solution that can provide investors access to high-quality, asset backed instruments across a diverse range of sectors; specifically, providing yield in excess of publicly traded credit of comparable quality.
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