Private company

Apollo Origination II (Levered) Capital Trust

Apollo Origination II (Levered) Capital Trust is an American company, incorporated in Delaware.1 It is headquartered in New York, New York.1

Last updated Oct 20, 2026.

Overview

  • HeadquartersNew York, New York1
  • Incorporated inDE2
  • Business address9 West 57Th Street, 42Nd Floor, New York, Ny 100192
  • Filer categoryNon-accelerated filer, Emerging growth company2

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Prior to electing to be regulated as a BDC, pursuant to an Agreement and Plan of Reorganization (the “Reorganization Agreement”), the Company merged with AOP II Capital Trust One (“AOP II Capital Trust One”), a Delaware statutory trust and a wholly-owned subsidiary of Apollo Origination Partnership II (Levered AIV), L.P., a Cayman Islands exempted limited partnership (“Parent”), with the Company continuing as the surviving company and as a wholly-owned subsidiary of Parent (the “Merger”). Following the Merger, and pursuant to the terms of the Reorganization Agreement, the Company acquired all of the membership interests of AOP II Origination Holdings (L), LLC, a Delaware limited liability company that held an investment portfolio (the “Investment Portfolio HoldCo”), from AOP II Intermediate Holdings (DC I), LLC, a Delaware limited liability company (the “Intermediate HoldCo”), which was …3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Fiscal year202420252026
Net income$58.2M4
Shares (weighted, basic)23.1M shares4

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Corporate structure

Apollo Origination II (Levered) Capital Trust sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Apollo Origination II (Levered) Capital Trust

  • Apollo Principal Holdings B GP, LLC Filed SCHEDULE 13D/A on Apollo Origination II (Levered) Capital Trust, latest Jun 26, 2026 (6 filings since May 9, 2025)
  • Apollo Origination II (Levered) Capital Trust New York, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Apollo Origination II (Levered) Capital Trust reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$36.9M4 Dec 31, 2025$2.0K4 Dec 31, 2024+1843750.0%

Properties, in its own words

Our headquarters are located at 9 West 57th Street, New York, NY 10019 and are provided by the Administrator in accordance with the terms of our Administration Agreement. We believe that our office facilities are suitable and adequate for our business as it is contemplated to be conducted.

Item 2 of the 10-K filed Mar 13, 2026.3

Leadership

Who has led Apollo Origination II (Levered) Capital Trust, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (4)

Former names

  • Apollo Origination II (L) Capital TrustJan 28, 2025 to Mar 28, 20252

Timeline

  1. Jun 26, 20268-K Unregistered sale of shares12
  2. Mar 24, 20268-K Unregistered sale of shares13
  3. Dec 23, 20258-K Unregistered sale of shares14
  4. Nov 25, 20258-K Unregistered sale of shares15
  5. Sep 15, 20258-K Unregistered sale of shares16
  6. May 2, 20258-K Entered a material agreement; New debt or obligation17
  7. May 1, 20258-K Entered a material agreement; New debt or obligation18

Filings

37 filings to the SEC since October 2021: 1 annual reports, 5 quarterly reports, 7 major events, 12 insider forms, 6 large holders, 6 other. The latest 20:

  1. Aug 13, 202610-Q EDGAR
  2. Jun 26, 2026SCHEDULE 13D/A EDGAR
  3. Jun 26, 20264 EDGAR
  4. Jun 26, 20268-K EDGAR
  5. May 13, 202610-Q EDGAR
  6. Mar 24, 2026SCHEDULE 13D/A EDGAR
  7. Mar 24, 20264 EDGAR
  8. Mar 24, 20268-K EDGAR
  9. Mar 13, 202610-K EDGAR
  10. Feb 5, 202640-17G EDGAR
  11. Dec 23, 2025SCHEDULE 13D/A EDGAR
  12. Dec 23, 20254 EDGAR
  13. Dec 23, 20258-K EDGAR
  14. Nov 25, 2025SCHEDULE 13D/A EDGAR
  15. Nov 25, 20254 EDGAR
  16. Nov 25, 20258-K EDGAR
  17. Nov 12, 202510-Q EDGAR
  18. Sep 15, 2025SCHEDULE 13D EDGAR
  19. Sep 15, 20254 EDGAR
  20. Sep 15, 20258-K EDGAR

The 37 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

5 open-market trades by officers, directors and large owners since October 2021: 5 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 24, 2026Apollo Origination Partnership II (Levered AIV), L.P.10% ownerBuy1,527,300$26.19$40.0MForm 4
Mar 20, 2026APH Holdings (DC), L.P.10% ownerBuy2,506,749$25.93$65.0MForm 4
Dec 19, 2025APH Holdings (DC), L.P.10% ownerBuy3,463,361$27.43$95.0MForm 4
Nov 21, 2025Apollo Origination Advisors II, L.P.10% ownerBuy1,101,726$27.23$30.0MForm 4
Sep 11, 2025APH Holdings (DC), L.P.10% ownerBuy934,579$26.75$25.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Apollo Origination II (Levered) Capital Trust is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARApollo Origination II (Levered) Capital Trust1
  • CIK0002052152
  • Employer ID (EIN)33-64812193
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Business address9 West 57Th Street, 42Nd Floor, New York, NY 100191
  • Phone212-822-05161
  • Shares outstanding32,067,124 as of Aug 12, 20267
  • AuditorDeloitte & Touche LLP, New York, New York PCAOB ID 34; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceJan 28, 20251
  • Filings40 in all: 3 (7), 8-K (7), 10-Q (5), 4 (5), SCHEDULE 13D/A (4), 10-12G/A (2), 40-17G (2), 40-APP/A (2)1
    All 14 form types

    10-12G (1), 10-K (1), 40-APP (1), N-54A (1), SCHEDULE 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 13, 2026
    Quarterly report (10-Q) Aug 13, 2026
    Latest 8-K (8-K) Jun 26, 2026

Risk factors and legal proceedings

The risks Apollo Origination II (Levered) Capital Trust names in Item 1A of its 10-K filed Mar 13, 2026: 74 risks under these headings, as written.3

  • Risks Relating to the Current Environment
  • Capital markets may experience periods of disruption and instability. Such market conditions may materially and adversely affect debt and equity capital markets in the United States and abroad, which may have a negative impact on our business and operations.
  • Trade negotiations and related government actions may create regulatory uncertainty for our portfolio companies and our investment strategies and adversely affect the profitability of our portfolio companies.
  • Cybersecurity risks and cyber incidents may adversely affect our business by causing a disruption to our operations, a compromise or corruption of our confidential information, a misappropriation of funds, and/or damage to our business relationships, all of which could negatively impact our financial results.
  • We are subject to risks associated with changes in interest rates.
  • Changes in interest rates may adversely affect the value of our portfolio investments which could have an adverse effect on our business, financial condition and results of operations.
  • Economic and trade sanctions could make it more difficult or costly for us to conduct our operations or achieve our business objectives.
  • Price declines and illiquidity in the corporate debt markets have adversely affected, and may in the future adversely affect, the fair value of our portfolio investments, reducing our net asset value through increased net unrealized depreciation.
  • The continued uncertainty relating to the U.S. and global economy could have a negative impact on our business.
  • Disruptions to the global supply chain may have adverse impact on our portfolio companies and, in turn, harm us.
  • Because our business model depends to a significant extent upon relationships with private equity sponsors, investment banks and commercial banks, the inability of the Adviser to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business.
  • Changes to U.S. federal income tax laws could materially and adversely affect us and our shareholders.
The other 63 risks
  • Uncertainty with respect to the financial stability of the United States and several countries in the EU could have a significant adverse effect on our business, financial condition, and results of operations.
  • Changes in existing laws or regulations, the interpretations thereof or newly enacted laws or regulations may negatively impact our business.
  • We are subject to risks associated with artificial intelligence, including the application of various forms of artificial intelligence such as machine learning technology.
  • Certain of our portfolio companies’ businesses could be adversely affected by the effects of health pandemics or epidemics.
  • Risks Relating to Our Business and Structure
  • We are a relatively new company and have limited operating history.
  • Our Board of Trustees may change our operating policies and strategies without prior notice or shareholder approval, the effects of which may be adverse to our results of operations and financial condition.
  • We operate in a highly competitive market for investment opportunities.
  • We intend to borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.
  • Most of our portfolio investments will be recorded at fair value as determined in good faith by the Adviser and under the oversight of our Board of Trustees and, as a result, there will be uncertainty as to the value of our portfolio investments.
  • The lack of liquidity in our investments may adversely affect our business.
  • Our ability to enter into transactions with our affiliates is restricted.
  • There are significant potential conflicts of interest which could adversely affect our investment returns.
  • Co-Investment Activity and Allocation of Investment Opportunities.
  • Our Declaration of Trust includes exclusive forum and jury trial waiver provisions that could limit a shareholder’s ability to bring a claim, make it more expensive or inconvenient for a shareholder to bring a claim, or, if such provisions are deemed inapplicable or unenforceable by a court, may cause the Company to incur additional costs associated with such action.
  • We and our portfolio companies may experience cyber security incidents and are subject to cyber security risks.
  • The failure in cyber security systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning could impair our ability to conduct business effectively.
  • Our Board of Trustees may amend our Declaration of Trust without prior shareholder approval.
  • We are dependent upon management personnel of the Adviser for our future success and upon their access to AGM’s investment professionals and partners.
  • Any failure on our part to maintain our status as a BDC would reduce our operating flexibility.
  • Regulations governing our operation as a BDC affect our ability to raise, and the way in which we raise, additional capital.
  • We may in the future determine to fund a portion of our investments with preferred shares, which would magnify the potential for gain or loss and the risks of investing in us in the same way as our borrowings.
  • We may suffer credit losses.
  • If we fail to maintain an effective system of internal control over financial reporting, we may not be able to accurately report our financial results or prevent fraud. As a result, shareholders could lose confidence in our financial and other public reporting, which would harm our business and the trading price of our Common Shares.
  • Changes in the laws or regulations governing our business or the businesses of our portfolio companies and any failure by us or our portfolio companies to comply with these laws or regulations, could negatively affect the profitability of our operations or of our portfolio companies.
  • Our business will require a substantial amount of capital to grow because we must distribute most of our income.
  • We may choose to pay dividends in our own Common Shares, in which case you may be required to pay federal income taxes in excess of the cash dividends you receive.
  • To the extent original issue discount (“OID”) and payment-in- kind (“PIK”) interest constitute a portion of our income, we will be exposed to typical risks associated with such income being required to be included in taxable and accounting income prior to receipt of cash representing such income.
  • Our financial condition and results of operations depend on our ability to manage future growth effectively.
  • We may experience fluctuations in our periodic results.
  • We are dependent on information systems and systems failures could significantly disrupt our business, which may, in turn, negatively affect the market price of our Common Shares and our ability to pay dividends.
  • The effect of global climate change may impact the operations of our portfolio companies.
  • Our Adviser and Administrator have the right to resign on 120 days’ or 60 days’ notice, respectively, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our business, financial condition and results of operations.
  • By originating loans to companies that are experiencing significant financial or business difficulties, we may be exposed to distressed lending risks.
  • Risks Relating to Our Investments
  • Our investments in portfolio companies are risky, and we could lose all or part of our investment.
  • Economic recessions or downturns could impair our portfolio companies and harm our operating results.
  • Our portfolio companies may be highly leveraged and a covenant breach by our portfolio companies may harm our operating results.
  • There may be circumstances where our debt investments could be subordinated to claims of other creditors or we could be subject to, among other things, lender liability or fraudulent conveyance claims.
  • If we do not invest a sufficient portion of our assets in qualifying assets, we could fail to qualify as a BDC or be precluded from investing according to our current business strategy.
  • Our portfolio contains a limited number of portfolio companies, which subjects us to a greater risk of significant loss if any of these companies defaults on its obligations under any of its debt securities.
  • Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio.
  • When we do not hold controlling equity interests in our portfolio companies, we may not be in a position to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies that could decrease the value of our investments.
  • An investment strategy focused primarily on privately-held companies presents certain challenges, including the lack of available information about these companies, a dependence on the talents and efforts of only a few key portfolio company personnel and a greater vulnerability to economic downturns.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • Our incentive fee may induce the Adviser to make certain investments, including speculative investments.
  • We may invest in “covenant-lite” obligations.
  • Our investments in foreign securities may involve significant risks in addition to the risks inherent in U.S. investments.
  • Hedging transactions may expose us to additional risks.
  • New market structure requirements applicable to derivatives could significantly increase the costs of utilizing OTC derivatives.
  • Our ability to enter into transactions involving derivatives and financial commitment transactions may be limited.
  • Our investments in the healthcare and pharmaceutical services industry are subject to extensive government regulation and certain other risks particular to that industry.
  • Risks Relating to Our Debt Instruments
  • We may default under our credit facilities.
  • Provisions in a credit facility may limit our investment discretion.
  • We may form one or more CLOs, which may subject us to certain structured financing risks.
  • Risks Relating to an Investment in Our Common Shares
  • There is a risk that investors in our Common Shares may not receive dividends or that our dividends may not grow over time.
  • Certain shareholders, in addition to the Company, will be subject to Exchange Act filing requirements, which will result in increased costs to the Company and those particular shareholders.
  • Any unrealized losses we experience on our portfolio may be an indication of future realized losses, which could reduce our income available for distribution.
  • There are severe economic consequences for defaulting shareholders.
  • There are special considerations for certain benefit plan investors.
  • Federal Income Tax Risks
  • We will be subject to corporate-level income tax if we are unable to maintain our status as a RIC.
  • We may have difficulty paying our required distributions if we recognize income before or without receiving cash representing such income.
  • If we do not qualify as a “publicly offered regulated investment company,” as defined in the Code, a non-corporate shareholder will be taxed as though it received a distribution of some of our expenses.
  • Some of our investments may be subject to corporate-level income tax.
  • Our portfolio investments may present special tax issues.

Legal proceedings

From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. We are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us.

The opening of Item 3, Legal Proceedings.3

Sources

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