Apollo to Launch First Long-Term Asset Fund in the UK
MWN-AI** Summary
Apollo (NYSE: APO) has announced the launch of the CG Apollo Global Diversified Credit Long-Term Asset Fund (LTAF), which has recently received authorization from the FCA. This pioneering fund aims to serve UK Defined Contribution (DC) pension schemes by providing access to a diversified global credit portfolio, with a strong emphasis on private credit, including private investment grade, large-cap corporate lending, and asset-backed finance, all in a semi-liquid product format.
Jesal Mistry, Managing Director and UK Defined Contribution Lead at Apollo, highlighted that this launch represents a significant milestone in Apollo's strategy to support DC plans seeking to enhance member outcomes. The LTAF is designed to deliver a robust solution by offering diversified exposure across multiple sectors, combined with potential for strong income generation.
Apollo has been actively working to introduce private market retirement solutions to DC plans in both the US and Europe, facilitating access to institutional-quality investment tools historically reserved for Defined Benefit pensions. Stephen Ulian, another Managing Director at Apollo, emphasized the growing need for alternative strategies to tackle global savings shortfalls, particularly as public markets evolve to become smaller and more concentrated.
The LTAF is positioned as the first sub-fund within Apollo's broader Private Markets LTAF umbrella, with Carne Global Fund Managers (UK) Limited appointed as the Authorised Corporate Director and Alternative Investment Fund Manager. Building on recent developments, such as Aviva's selection of Apollo as a partner for its My Future Vision pension strategy, and a strategic partnership with Schroders for US-defined contribution plans slated for launch in Q2 2026, Apollo aims to enhance risk-adjusted returns and improve diversification for modern DC schemes. As of December 31, 2025, Apollo managed approximately $938 billion in assets.
MWN-AI** Analysis
The recent announcement of Apollo's launch of the CG Apollo Global Diversified Credit LTAF marks a significant milestone for the firm and presents intriguing opportunities for investors focusing on private credit markets in the UK. As regulatory frameworks evolve, this LTAF aims to meet the increasing demand from Defined Contribution (DC) pension schemes looking to diversify their portfolios and enhance income potential.
Apollo's strategy to offer a highly diversified credit portfolio—including private investment grade, corporate lending, and asset-backed finance—positions the LTAF as a compelling investment vehicle in today's complex financial landscape. Investors should consider the appeal of semi-liquid products that allow for greater flexibility, especially in a period where traditional public markets exhibit volatility and risk concentration.
Furthermore, Apollo’s partnerships, notably with Aviva and Schroders, highlight its commitment to integrating private market solutions into standard retirement investment strategies. This trend aligns with a broader movement across the industry to enhance retirement outcomes by providing DC plans access to institutional-quality investment tools previously reserved for Defined Benefit schemes.
Investors should also be mindful of the potential growth trajectory of the LTAF as private credit continues to gain traction. The current economic landscape, with rising interest rates and inflation, may push institutional and retail investors alike toward more stable, higher-yielding investments, akin to those offered by Apollo’s new fund.
Given Apollo's track record of asset management and innovation, monitoring the performance of the LTAF could be beneficial for portfolio managers and advisors looking to enhance yield and diversify risk. As this market segment expands, remaining engaged with Apollo's updates and strategies will be crucial in leveraging long-term growth and stability for retiree outcomes.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
LONDON, March 10, 2026 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced that it is set to launch the CG Apollo Global Diversified Credit LTAF (the “LTAF” or the “Fund”), a multi-sector private credit solution, after the Fund recently received FCA authorization. The LTAF will provide UK Defined Contribution (DC) pension schemes with access to a highly 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.
“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 Defined Contribution 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.”
The launch of the Fund will build on Apollo’s efforts to bring private market retirement solutions to DC plans in the US and Europe, helping retirement savers to access the same institutional-quality investment tools that have supported Defined Benefit pensions and global retirement systems for decades.
“Retirees around the world face a savings shortfall that we believe private market strategies can help to address, particularly as public markets have become smaller and more concentrated,” said Stephen Ulian, Managing Director, Lead for Defined Contribution, Apollo. “At Apollo, our focus is on bringing diversified private market solutions to plans, with an aim to improve diversification and downside protection and enhance risk-adjusted returns. This LTAF is the latest development in our product portfolio as we build compliant, turnkey solutions for modern DC schemes.”
The LTAF is the first sub-fund in Apollo’s broader Private Markets LTAF umbrella. Carne Global Fund Managers (UK) Limited serves as the Authorised Corporate Director and Alternative Investment Fund Manager (AIFM) to the LTAF umbrella and the Fund. The LTAF represents the latest advancement in Apollo’s strategy to deliver compliant, institutional-quality private market solutions tailored to modern defined contribution schemes.
Robin Cotterill, CEO of Carne Global Fund Managers (UK) Limited said: “We are delighted to partner with Apollo on this milestone launch, further cementing our collaboration across jurisdictions and reinforcing Carne’s leading position in bringing innovative LTAF solutions to market. It also reflects the power of industry collaboration and Carne’s mission to deliver best?in?class fund governance and operational excellence.”
In September 2025, Aviva announced that Apollo was among a select group of asset management partners selected to allocate capital under My Future Vision, Aviva’s new default pension investment strategy targeting 20–25% private markets exposure.
Building on this momentum, in February 2026, Apollo and Schroders announced a strategic partnership that includes the preparation of a Collective Investment Trust for US defined contribution plans, targeted for launch in Q2 2026.
About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2025, Apollo had approximately $938 billion of assets under management. To learn more, please visit www.apollo.com.
Contacts
Noah Gunn
Global Head of Investor Relations
+1 (212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
+1 (212) 822-0491
Communications@apollo.com / EuropeanMedia@apollo.com
FAQ**
How does the Apollo Global Diversified Credit LTAF aim to enhance member outcomes for UK Defined Contribution pension schemes while incorporating Apollo Global Management LLC Class A Representing Class A Limited Liability Company Interests APO into its investment strategy?
What specific sectors within private credit will the LTAF primarily focus on, and how does this align with Apollo Global Management LLC Class A Representing Class A Limited Liability Company Interests APO's broader investment goals?
In what ways will the collaboration with Carne Global Fund Managers and the launch of the LTAF reflect Apollo Global Management LLC Class A Representing Class A Limited Liability Company Interests APO’s commitment to innovation in fund governance?
How does the LTAF fit within Apollo's global strategy for retirement solutions while supporting the mission of Apollo Global Management LLC Class A Representing Class A Limited Liability Company Interests APO to provide diversified private market exposure?
**MWN-AI FAQ is based on asking OpenAI questions about Apollo Global Management LLC Class A Representing Class A Limitied Liability Company Interests (NYSE: APO).
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