Apollo is set to launch its first long-term asset fund (LTAF) in the UK, the CG Apollo Global Diversified Credit LTAF, having recently received authorisation from the UK regulator, the Financial Conduct Authority.
The fund is a multi-sector private credit solution that will provide UK defined contribution (DC) pension schemes with access to a diversified, global credit portfolio principally focused on private credit, including private investment grade, large-cap corporate lending and asset-backed finance, in a semi-liquid product format.
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“This is an important milestone in a much larger journey we are on at Apollo to support DC plans that are increasingly seeking to enhance member outcomes and integrate private markets solutions,” said Jesal Mistry, managing director, UK DC lead, Apollo.
“This LTAF is designed with the aim of being an attractive portfolio construction solution, providing access to diversified multi-sector exposure and strong income generation potential.”
“This LTAF is the latest development in our product portfolio as we build compliant, turnkey solutions for modern DC schemes,” added Stephen Ulian, managing director, lead for DC, Apollo.
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The LTAF is the first sub-fund in Apollo’s broader private markets LTAF umbrella. Carne Global Fund Managers (UK) serves as the authorised corporate director and alternative investment fund manager to the fund.
Apollo said the launch builds on its efforts to bring private market retirement solutions to DC plans in the US and Europe. Apollo and Schroders recently announced a strategic partnership that includes the preparation of a collective investment trust for US DC plans, targeted for launch in Q2 2026.
