Apollo Infrastructure Co LLC Reports Unregistered Share Sales, NAV Update

What Happened

• Apollo Infrastructure Co LLC filed a Form 8‑K on September 25, 2026 reporting that it issued and sold unregistered shares for cash to third‑party investors (effective September 1, 2026; final share counts determined September 25, 2026). The total aggregate consideration for the share sales was approximately $68.07 million.
• The filing also reports the operating manager’s determination of the Company’s Transactional Net Asset Value (Transactional NAV) per share as of August 31, 2026 — the price at which the Company’s shares are offered.

Key Details

• Aggregate unregistered share sales (rounded): Series I total ≈ $15,780,529; Series II total ≈ $52,291,350; combined ≈ $68,071,879.
  • Notable line items: Series I A‑II — 452,949 shares for $13,235,529; Series II A‑II — 1,688,883 shares for $50,984,350.
• Transactional NAVs per share as of August 31, 2026:
  • Series I: A‑II $29.22; F‑I $28.66; E $29.75; I $28.58; S $28.55.
  • Series II: A‑II $30.19; F‑I $29.61; E $30.75; I $29.57; S $29.53.
• The share sales were exempt from registration under the Securities Act (Section 4(a)(2), Regulation D for accredited investors and/or Regulation S for non‑U.S. investors).

Why It Matters

• Capital raise: The unregistered sales represent a meaningful cash infusion (~$68.1M) into the company, which may be used for operations, investments, or liabilities (the filing does not specify use of proceeds).
• Pricing and investor impact: The reported Transactional NAVs set the issuance/sale price for shares and provide a current valuation reference for investors; differences across share classes and series affect per‑share pricing.
• Dilution and transparency: New share issuances can dilute existing ownership percentages. The filing provides concrete share counts, dollar amounts, and NAVs so investors can assess dilution and valuation effects without speculative commentary.