Apollo rolls out evergreen secondaries suite of products
Apollo has launched a new suite of evergreen secondaries products for global wealth investors.
Apollo S3 Private Markets Fund, Apollo S3 Private Markets Lux, and Apollo S3 Private Markets US have been designed to provide investors with turnkey solutions to access diversified portfolios of multi-asset secondary investments across private markets.
The product suite offers access to secondaries through a flexible mandate to invest across the capital stack and execute a variety of transaction types. It aims to offer diversification across different vintages and managers.
Read more: Apollo plans to double AUM by 2029
“The launch of ASPM underscores Apollo’s commitment to providing access to institutional quality alternative offerings tailored to individuals and wealth investors,” said Stephanie Drescher, partner and chief client and product development officer at Apollo.
“We continue to make progress as global investors increasingly seek more diversification than what has historically been provided through traditional portfolio construction.”
Steve Lessar, partner and co-head of Apollo’s sponsor and secondary solutions business, added that the products will provide distinct access points to private market secondaries.
Read more: Apollo acquires more than half of risk on Deutsche Bank’s $3bn loan portfolio
Lessar noted that the Apollo S3 team has sourced more than $160bn (£123bn) in these types of transactions in the past year.
“It is our view that secondaries can provide a combination of attractive attributes not commonly found in other private market strategies, and we’re pleased to make that available to investors,” he added.
Read more: Apollo inks $5bn funding commitment from BNP Paribas
