Form: 3

Initial statement of beneficial ownership of securities

August 2, 2021

Documents

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
Apollo Management Holdings GP, LLC
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
07/30/2021 		3. Issuer Name and Ticker or Trading Symbol
CION Ares Diversified Credit Fund [ CADEX ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Mandatory Redeemable Preferred Stock 7/30/2026 24,000,000 I See Footnote(1)
Mandatory Redeemable Preferred Stock 9/30/2026 26,000,000 I See Footnote(1)
Mandatory Redeemable Preferred Stock 9/30/2028 20,000,000 I See Footnote(1)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Apollo Management Holdings GP, LLC
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Athene Annuity & Life Co
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
1. Name and Address of Reporting Person*
ATHENE ANNUITY & LIFE ASSURANCE Co
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Athene USA Corp
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Athene Holding Ltd
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Apollo Insurance Solutions Group LP
(Last) (First) (Middle)
2121 ROSECRANS AVE
STE 5300
(Street)
EL SEGUNDO CA 90245
(City) (State) (Zip)
1. Name and Address of Reporting Person*
AISG GP Ltd.
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Apollo Capital Management, L.P.
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Apollo Capital Management GP, LLC
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
1. Name and Address of Reporting Person*
Apollo Management Holdings, L.P.
(Last) (First) (Middle)
GEORGE TOWN
(Street)
GRAND CAYMAN KY 1-9008
(City) (State) (Zip)
Explanation of Responses:
1. See Exhibit 99.1.
See signatures attached as Exhibit 99.2 08/02/2021
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.