Apollo Credit Management, LLC

• A percentage of assets under your management
• Performance-based fees

Item 5.E lists how the firm is compensated for its advice; Items 5.B, 6.A, and 7.A show whether its people or related companies can also earn commissions. Percentage of assets, fixed, hourly, subscription, and performance-based fees come from clients (a performance-based fee depends on investment results); commissions come with a sale or a trade, often from the company behind the product. How fees, commissions, and other arrangements differ

$29,972,497,373 as of October 2026, filing dated March 31, 2026.

A measure of scale, not skill or returns. Discretionary means the firm decides trades; non-discretionary means clients approve each one. What assets under management means

A firm with no individual clients is an institutional manager even if it manages billions; the mix tells you whom the practice is built around.

• Portfolio management for investment companies (and business development companies)

Registration

SEC-registered investment adviser. Status as filed: Approved.

Registered since

2011 (15 years)

Employees

Total: 3,564. Performing investment advisory functions: 912.

Wrap fee program participation

No.

Other offices (Schedule D, Section 1.F)

27 other offices, as of the April 2026 filing

Abu DhabiAmsterdamBethesda, MDBkc, Bandra (east), MaharashtraConshohocken, PAEl Segundo, CAFrankfurtGoregaon East, MumbaiGreenwich, CTHong KongHouston, TXIrvine, CALondonLuxembourgMiami, FLMilanNew York, NYOrlando, FLPalm Beach, FLRiyadhSeoulSingaporeSydneyTokyoWest des Moines, IAWoodland Hills, CAZurich

States registered or notice-filed

1 state or jurisdiction

NY

SEC-registered investment advisers are examined by the SEC. SEC, state, and exempt registration

4 Reports 4 disclosure items on Form ADV Item 11. View on IAPD.

Questions answered yes on this filing

Regulatory matters Items 11.C to 11.G

• 11.C(2) Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
• 11.C(4) Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
• 11.C(5) Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Civil court matters Item 11.H

• 11.H(2) Is the firm or an advisory affiliate now the subject of a civil proceeding that could result in a yes answer to any part of 11.H(1)?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. What happened, and who was involved, is on the Disclosure Reporting Pages of the IAPD record. Reading a firm's disclosures

Regulatory assets under management: $946,599,815 in the October 2021 data and $29,972,497,373 in the October 2026 data, up 3066%.

Total employees: 1,554 in October 2021 and 3,564 in October 2026.

As filed in each year's data for the same month. Assets under management move with markets as well as with clients coming and going; they measure scale, not skill or returns. Most firms update these figures once a year.

1. April 2026
   • Employees performing advisory functions went from 842 to 912.
   • Regulatory assets under management went from $18,714,173,897 to $29,972,497,373 (+60%).
   • Changed its office addresses in Amsterdam.
   • Changed its office addresses in Bkc, Bandra (east), Maharashtra.
   • Changed its office addresses in Conshohocken, PA.
   • Changed its office addresses in Irvine, CA.
   • Changed its office addresses in Milan.
   • Changed its office addresses in New York, NY.
   • Changed its office addresses in Seoul.
   • Changed its office addresses in Sydney.
   • Changed its office addresses in Tokyo.
   • Added an office in Riyadh.
   • Added an office in Zurich.
   • No longer lists an office in Carlsbad, CA.
   • No longer lists an office in Gurugram.
   • No longer lists an office in Los Angeles, CA.
   • No longer lists an office in Phoenix, AZ.
   • Updated its list of owners and control persons (Schedule A).

Compared month to month from the SEC's monthly adviser data and the state compilation feed. Owners and control persons are summarized, never named.