Apollo Global Management announced plans to launch its first Long-Term Asset Fund (LTAF) in the United Kingdom after receiving authorization from the Financial Conduct Authority. The new fund, CG Apollo Global Diversified Credit LTAF, is designed to give UK defined contribution pension schemes access to a diversified global credit portfolio focused primarily on private credit, including investment-grade private lending, large-cap corporate loans and asset-backed finance.

The semi-liquid fund structure aims to provide pension plans with institutional-quality private market exposure while maintaining liquidity suitable for defined contribution retirement products. Apollo said the strategy seeks to enhance diversification, provide strong income potential and improve risk-adjusted returns for retirement savers.

The fund is the first under Apollo’s broader Private Markets LTAF platform and reflects the firm’s push to expand private market investment opportunities within defined contribution retirement systems. Apollo noted that growing retirement savings gaps and increasing concentration in public markets are driving demand for private market solutions among pension plans in the UK, Europe and the United States.
Globe Newswire