Apollo Diversified Credit Fund is a continuously offered, diversified, closed-end interval fund managed by Apollo Capital Credit Adviser, LLC and sub-advised by Apollo Credit Management, LLC. The Fund dynamically allocates across four credit pillars—corporate direct lending, asset-backed lending, performing credit, and dislocated credit—leveraging Apollo's $616 billion credit platform. It invests primarily in U.S. markets with opportunistic European and developed market exposure, targeting high-conviction credit opportunities across the liquidity spectrum including high-yield bonds, senior loans, CLOs, and other structured credit. The Fund provides limited quarterly liquidity through repurchase offers of at least 5% of outstanding shares.