Apollo to Launch First Long-Term Asset Fund in the UK

Core Viewpoint - Apollo is launching the CG Apollo Global Diversified Credit LTAF, a multi-sector private credit solution aimed at UK Defined Contribution pension schemes, following FCA authorization [1][2]. Group 1: Fund Details - The LTAF will provide access to a diversified global credit portfolio focused on private credit, including private investment grade, large-cap corporate lending, and asset-backed finance in a semi-liquid format [1]. - The LTAF is the first sub-fund in Apollo's broader Private Markets LTAF umbrella, with Carne Global Fund Managers (UK) Limited serving as the Authorised Corporate Director and AIFM [3]. Group 2: Strategic Goals - The launch aims to enhance member outcomes for DC plans by integrating private market solutions, providing strong income generation potential and diversified multi-sector exposure [2][3]. - Apollo's strategy focuses on addressing the savings shortfall faced by retirees globally by offering diversified private market solutions that improve risk-adjusted returns and downside protection [3]. Group 3: Partnerships and Collaborations - Apollo has partnered with Carne Global Fund Managers to launch the LTAF, reinforcing their collaboration and commitment to innovative fund governance [4]. - In February 2026, Apollo announced a strategic partnership with Schroders to prepare a Collective Investment Trust for US defined contribution plans, targeted for launch in Q2 2026 [5]. Group 4: Company Overview - Apollo is a high-growth global alternative asset manager with approximately $938 billion in assets under management as of December 31, 2025, focusing on providing excess returns across the risk-reward spectrum [6].