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

Core Insights - Apollo is launching the CG Apollo Global Diversified Credit LTAF, a multi-sector private credit solution, after receiving FCA authorization, aimed at providing UK Defined Contribution pension schemes access to a diversified global credit portfolio focused on private credit [1][2] - The LTAF is designed to enhance member outcomes for DC plans by integrating private market solutions, offering strong income generation potential and diversified exposure [2][3] - The LTAF is the first sub-fund in Apollo's broader Private Markets LTAF umbrella, with Carne Global Fund Managers serving as the Authorised Corporate Director and AIFM [3] Company Strategy - Apollo aims to address the global savings shortfall faced by retirees by offering diversified private market strategies that improve diversification, downside protection, and risk-adjusted returns [3] - The launch of the LTAF is part of Apollo's strategy to deliver compliant, institutional-quality private market solutions tailored to modern defined contribution schemes [3] - In September 2025, Apollo was selected by Aviva as a partner for its My Future Vision pension investment strategy, targeting 20-25% private markets exposure [4] Partnerships and Collaborations - Apollo and Carne Global Fund Managers are collaborating on the LTAF launch, emphasizing industry collaboration and operational excellence [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] 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 clients with excess returns across the risk-reward spectrum [6]