Apollo IG Core Replacement Files 8-K: $500M Unregistered Issuance

What Happened
Apollo IG Core Replacement, L.P. filed an 8-K reporting three principal items. The filing discloses the issuance of unregistered limited partnership interests for approximately $500.0 million in cash by a parallel fund of Apollo IG Core (these interests were not limited partnership interests in Apollo IG Core). On June 30, 2026, the fund entered into a Second Amended and Restated Agreement of Limited Partnership that amends and restates the prior August 1, 2025 agreement and implements the addition of two aggregator entities into the fund structure. The investment manager also determined the fund’s net asset value as of May 31, 2026 to be $1,836.8 million (reported July 1, 2026).

Key Details

• ~ $500.0 million in unregistered limited partnership interests issued by a parallel fund (not LP interests in Apollo IG Core).
• June 30, 2026: Second Amended and Restated Agreement of Limited Partnership adopted, adding two aggregator entities and replacing the August 1, 2025 agreement.
• May 31, 2026 NAV: $1,836.8 million (determined July 1, 2026).
• Partnership Agreement is filed as Exhibit 3.1; NAV information is included as Exhibit 99.1 to the 8-K.

Why It Matters
These disclosures show recent capital activity and a formal change to the fund’s governing agreement. The $500M issuance was completed via a parallel vehicle rather than by issuing new limited partner interests in Apollo IG Core itself, and the amended partnership agreement updates the fund’s structure by adding two aggregator entities. The reported NAV gives a snapshot of the fund’s size as of May 31, 2026. Investors should review the filed Partnership Agreement (Exhibit 3.1) and the NAV disclosure (Exhibit 99.1) for full details and any implications for governance, reporting, or economic arrangements.