---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-135401"
form_type: "8-K"
ticker: null
cik: "0002000597"
company_name: "Apollo Asset Backed Credit Co LLC"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T07:19:26.318675+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Apollo Asset Backed Credit secures $50M seed investment, adopts operating and trademark agreements

## Summary
- Received $50M seed investment from Apollo subsidiary via 2M E Shares at $25/share; repurchase right at NAV subject to liquidity.
- Entered Operating Agreement with Apollo Manager for advisory services; management fees range from 0.75% to 1.00% of NAV.
- Entered Trademark License Agreement with Apollo IP Holdings for use of 'APOLLO' name.
- Amended and Restated LLC Agreement sets shareholder rights and business scope.
- E Shares issued in private offering exempt under Section 4(a)(2) and Regulation D.

## SEC filing metadata
- accession: 0001193125-24-135401
- form_type: 8-K
- cik: 0002000597
- company_name: Apollo Asset Backed Credit Co LLC
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2000597/000119312524135401/0001193125-24-135401-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2000597/000119312524135401/d812027d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-135401
- JSON: https://secwatch.observer/filing/0001193125-24-135401.json
- Plain text: https://secwatch.observer/filing/0001193125-24-135401.txt

## Key facts
- Governance Changes
  Apollo Asset Backed Credit Co LLC: Amended and Restated Limited Liability Company Agreement, updating the terms and conditions for conduct of business and shareholder rights (effective 2024-05-03).
  - Change: charter amendment
  - Effective: 2024-05-03
  source text: On May 3, 2024, the Company executed its Amended and Restated Limited Liability Company Agreement (the "A&R LLCA"), which amended and restated the Company's Limited Liability Company Agreement, dated as of September 22, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2000597/000119312524135401/0001193125-24-135401-index.htm
- Material Agreements
  Apollo Asset Backed Credit Co LLC entered into Letter Agreement with Apollo Asset Management, Inc. valued at Apollo made a $50 million seed investment in the Company's E Shares at $25 per share; Apollo may req (effective 2024-05-03).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Apollo Asset Management, Inc.
  - Value: Apollo made a $50 million seed investment in the Company's E Shares at $25 per share; Apollo may req
  - Effective: 2024-05-03
  source text: On May 3, 2024, the Company received a seed investment from a subsidiary of Apollo Asset Management, Inc. (“Apollo”) in the form of a $50 million purchase of the Company’s E Shares in Series II (the “E Shares”) to assist the Company initiate operational and acquisition activities, at a price of $25 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2000597/000119312524135401/0001193125-24-135401-index.htm
- Material Agreements
  Apollo Asset Backed Credit Co LLC entered into Operating Agreement with Apollo Manager, LLC valued at Operating Agreement entered into (effective 2024-05-03).
  - Action: entry
  - Counterparty: Apollo Manager, LLC
  - Value: Operating Agreement entered into
  - Effective: 2024-05-03
  source text: On May 3, 2024, Apollo Asset Backed Credit Company LLC (the “Company”) entered into an Operating Agreement (the “Operating Agreement”) with Apollo Manager, LLC (the “Operating Manager”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2000597/000119312524135401/0001193125-24-135401-index.htm
- Material Agreements
  Apollo Asset Backed Credit Co LLC entered into Trademark License Agreement with Apollo IP Holdings, LLC valued at License granted to use service mark, corporate name and trade name "APOLLO" (effective 2024-05-03).
  - Action: entry
  - Agreement: license
  - Counterparty: Apollo IP Holdings, LLC
  - Value: License granted to use service mark, corporate name and trade name "APOLLO"
  - Effective: 2024-05-03
  source text: On May 3, 2024, the Company entered into a Trademark License Agreement with Apollo IP Holdings, LLC (the “Trademark License Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2000597/000119312524135401/0001193125-24-135401-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.