Apollo has launched a brand new suite of evergreen secondaries merchandise for international wealth buyers.
Apollo S3 Personal Markets Fund, Apollo S3 Personal Markets Lux, and Apollo S3 Personal Markets US have been designed to offer buyers with turnkey options to entry diversified portfolios of multi-asset secondary investments throughout non-public markets.
The product suite gives entry to secondaries by a versatile mandate to speculate throughout the capital stack and execute quite a lot of transaction sorts. It goals to supply diversification throughout completely different vintages and managers.
Learn extra: Apollo plans to double AUM by 2029
“The launch of ASPM underscores Apollo’s dedication to offering entry to institutional high quality various choices tailor-made to people and wealth buyers,” mentioned Stephanie Drescher, companion and chief shopper and product growth officer at Apollo.
“We proceed to make progress as international buyers more and more search extra diversification than what has traditionally been supplied by conventional portfolio development.”
Steve Lessar, companion and co-head of Apollo’s sponsor and secondary options enterprise, added that the merchandise will present distinct entry factors to non-public market secondaries.
Learn extra: Apollo acquires greater than half of threat on Deutsche Financial institution’s $3bn mortgage portfolio
Lessar famous that the Apollo S3 crew has sourced greater than $160bn (£123bn) in these kinds of transactions prior to now 12 months.
“It’s our view that secondaries can present a mix of engaging attributes not generally present in different non-public market methods, and we’re happy to make that accessible to buyers,” he added.
Learn extra: Apollo inks $5bn funding dedication from BNP Paribas