Consolidated Statements of Assets and Liabilities - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Assets
Investments at fair value (cost at June 30, 2025 of $268,214; $629,400; $897,614; and at December 31, 2024 of $156,833; $436,817; $593,650; respectively)	$ 940,619	$ 631,905
Cash and cash equivalents	418,273	321,542
Prepaid expenses and other assets	8,225	6,900
Deferred offering expenses	1,801	2,067
Due from Operating Manager	8,335	7,900
Total assets	1,377,253	970,314
Liabilities
Derivative liabilities at fair value (cost at June 30, 2025 of $0; $0; $0; respectively)	1,835	0
Management fee payable	623	420
Accrued performance fee payable	2,256	3,703
Distribution payable	10,106	7,044
Deferred taxes liability	7,432	7,754
Other accrued expenses and liabilities	10,142	3,337
Due to Operating Manager	8,335	7,760
Notes Payable	428	0
Total liabilities	41,157	30,018
Commitments and contingencies (Note 7)
Total net assets	1,336,096	940,296
A-II shares [Member]
Liabilities
Common Shares	1,204,751	882,334
Total net assets	$ 1,204,751	$ 882,334
Net asset value per share
Shares outstanding	44,288,238	32,865,382
Net asset value per share	$ 27.2	$ 26.85
F-I Shares [Member]
Liabilities
Common Shares	$ 96,575	$ 57,330
Total net assets	$ 96,575	$ 57,330
Net asset value per share
Shares outstanding	3,599,535	2,154,120
Net asset value per share	$ 26.83	$ 26.61
E Shares [Member]
Liabilities
Common Shares	$ 1,378	$ 630
Total net assets	$ 1,378	$ 630
Net asset value per share
Shares outstanding	50,164	23,314
Net asset value per share	$ 27.47	$ 27
V shares [Member]
Liabilities
Common Shares	$ 2	$ 2
Total net assets	$ 2	$ 2
Net asset value per share
Shares outstanding	80	80
Net asset value per share	$ 25	$ 25
I Shares [Member]
Liabilities
Common Shares	$ 33,384	$ 0
Total net assets	$ 33,384	$ 0
Net asset value per share
Shares outstanding	1,240,091	0
Net asset value per share	$ 26.92	$ 0
S Shares [Member]
Liabilities
Common Shares	$ 6	$ 0
Total net assets	$ 6	$ 0
Net asset value per share
Shares outstanding	220	0
Net asset value per share	$ 26.98	$ 0
Series I [Member]
Assets
Investments at fair value (cost at June 30, 2025 of $268,214; $629,400; $897,614; and at December 31, 2024 of $156,833; $436,817; $593,650; respectively)	$ 279,314	$ 166,652
Cash and cash equivalents	123,709	84,681
Prepaid expenses and other assets	2,488	1,766
Deferred offering expenses	535	545
Due from Operating Manager	2,475	2,083
Total assets	408,521	255,727
Liabilities
Derivative liabilities at fair value (cost at June 30, 2025 of $0; $0; $0; respectively)	520	0
Management fee payable	211	117
Accrued performance fee payable	706	982
Distribution payable	3,014	1,863
Deferred taxes liability	2,420	2,299
Other accrued expenses and liabilities	3,163	870
Due to Operating Manager	2,475	2,047
Notes Payable	214	0
Total liabilities	12,723	8,178
Total net assets	395,798	247,549
Series I [Member] \| A-II shares [Member]
Liabilities
Common Shares	303,173	216,781
Total net assets	$ 303,173	$ 216,781
Net asset value per share
Shares outstanding	11,209,721	8,109,427
Net asset value per share	$ 27.05	$ 26.73
Series I [Member] \| F-I Shares [Member]
Liabilities
Common Shares	$ 64,867	$ 30,652
Total net assets	$ 64,867	$ 30,652
Net asset value per share
Shares outstanding	2,423,742	1,154,705
Net asset value per share	$ 26.76	$ 26.55
Series I [Member] \| E Shares [Member]
Liabilities
Common Shares	$ 225	$ 115
Total net assets	$ 225	$ 115
Net asset value per share
Shares outstanding	8,262	4,262
Net asset value per share	$ 27.29	$ 26.88
Series I [Member] \| V shares [Member]
Liabilities
Common Shares	$ 1	$ 1
Total net assets	$ 1	$ 1
Net asset value per share
Shares outstanding	40	40
Net asset value per share	$ 25	$ 25
Series I [Member] \| I Shares [Member]
Liabilities
Common Shares	$ 27,529	$ 0
Total net assets	$ 27,529	$ 0
Net asset value per share
Shares outstanding	1,024,151	0
Net asset value per share	$ 26.88	$ 0
Series I [Member] \| S Shares [Member]
Liabilities
Common Shares	$ 3	$ 0
Total net assets	$ 3	$ 0
Net asset value per share
Shares outstanding	110	0
Net asset value per share	$ 26.87	$ 0
Series II [Member]
Assets
Investments at fair value (cost at June 30, 2025 of $268,214; $629,400; $897,614; and at December 31, 2024 of $156,833; $436,817; $593,650; respectively)	$ 661,305	$ 465,253
Cash and cash equivalents	294,564	236,861
Prepaid expenses and other assets	5,737	5,134
Deferred offering expenses	1,266	1,522
Due from Operating Manager	5,860	5,817
Total assets	968,732	714,587
Liabilities
Derivative liabilities at fair value (cost at June 30, 2025 of $0; $0; $0; respectively)	1,315	0
Management fee payable	412	303
Accrued performance fee payable	1,550	2,721
Distribution payable	7,092	5,181
Deferred taxes liability	5,012	5,455
Other accrued expenses and liabilities	6,979	2,467
Due to Operating Manager	5,860	5,713
Notes Payable	214	0
Total liabilities	28,434	21,840
Total net assets	940,298	692,747
Series II [Member] \| A-II shares [Member]
Liabilities
Common Shares	901,578	665,553
Total net assets	$ 901,578	$ 665,553
Net asset value per share
Shares outstanding	33,078,517	24,755,955
Net asset value per share	$ 27.26	$ 26.88
Series II [Member] \| F-I Shares [Member]
Liabilities
Common Shares	$ 31,708	$ 26,678
Total net assets	$ 31,708	$ 26,678
Net asset value per share
Shares outstanding	1,175,793	999,415
Net asset value per share	$ 26.97	$ 26.69
Series II [Member] \| E Shares [Member]
Liabilities
Common Shares	$ 1,153	$ 515
Total net assets	$ 1,153	$ 515
Net asset value per share
Shares outstanding	41,902	19,052
Net asset value per share	$ 27.5	$ 27.03
Series II [Member] \| V shares [Member]
Liabilities
Common Shares	$ 1	$ 1
Total net assets	$ 1	$ 1
Net asset value per share
Shares outstanding	40	40
Net asset value per share	$ 25	$ 25
Series II [Member] \| I Shares [Member]
Liabilities
Common Shares	$ 5,855	$ 0
Total net assets	$ 5,855	$ 0
Net asset value per share
Shares outstanding	215,940	0
Net asset value per share	$ 27.11	$ 0
Series II [Member] \| S Shares [Member]
Liabilities
Common Shares	$ 3	$ 0
Total net assets	$ 3	$ 0
Net asset value per share
Shares outstanding	110	0
Net asset value per share	$ 27.09	$ 0

Apollo Infrastructure Co LLC 10-Q