Apollo has launched a brand new suite of evergreen secondaries merchandise for world 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 via a versatile mandate to speculate throughout the capital stack and execute quite a lot of transaction varieties. It goals to supply diversification throughout totally 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 different choices tailor-made to people and wealth buyers,” stated Stephanie Drescher, associate and chief consumer and product growth officer at Apollo.
“We proceed to make progress as world buyers more and more search extra diversification than what has traditionally been supplied via conventional portfolio development.”
Steve Lessar, associate and co-head of Apollo’s sponsor and secondary options enterprise, added that the merchandise will present distinct entry factors to personal 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 staff has sourced greater than $160bn (£123bn) in most of these transactions previously yr.
“It’s our view that secondaries can present a mixture of engaging attributes not generally present in different non-public market methods, and we’re happy to make that out there to buyers,” he added.
Learn extra: Apollo inks $5bn funding dedication from BNP Paribas
