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Apollo Launches Three Evergreen ELTIFs to Broaden Private Markets Access
ZACKSยท 2025-09-25 18:41
Core Insights - Apollo Global Management, Inc. has received regulatory approval to launch three evergreen, semi-liquid European Long-Term Investment Funds (ELTIFs), broadening access to institutional-quality private markets for individual investors across Europe, Asia, and Latin America [1][11]. Fund Details - The new funds include Apollo European Private Credit ELTIF (AEPC ELTIF), Apollo Global Diversified Credit ELTIF (AGDC ELTIF), and Apollo Global Private Markets ELTIF (AGPM ELTIF), authorized by Luxembourg's Commission de Surveillance du Secteur Financier under the updated ELTIF 2.0 regime [2][9]. - AEPC ELTIF aims for steady income through first-lien, senior-secured loans to large-cap and upper-middle-market European companies, while AGDC ELTIF adopts a flexible, multi-asset approach to private credit [3][9]. - AGPM ELTIF is designed for long-term capital growth through investments in private companies globally, leveraging Apollo's extensive global network for secondaries and co-investments [4][9]. Market Expansion - With these new funds, Apollo's Luxembourg platform now features eight evergreen products, enhancing its Global Wealth business, which attracted $9 billion in inflows across 18 strategies in the first half of 2025 [5][11]. - The expanded platform aims to provide comprehensive access to institutional-grade private market strategies for eligible investors, complying with local regulations [6][11]. Strategic Partnerships - Apollo has formed partnerships to enhance its private markets capabilities, including a $25 billion private credit, direct lending program with Citigroup, initially focused on North America [9][10]. - The partnership with State Street Global Advisors aims to improve investor access to private market opportunities [10]. Commitment to Accessibility - The launch of the three ELTIFs underscores Apollo's commitment to making private markets more accessible to a wider range of investors, positioning the company to capture rising demand for alternative investments [11][12].