Apollo Global Management Inc. (NYSE:APO) said Tuesday it is set to launch the CG Apollo Global Diversified Credit LTAF, marking the firm's first long-term asset fund (LTAF) in the United Kingdom after receiving authorization from the Financial Conduct Authority (FCA).

Apollo Launches U.K. Diversified Credit Fund

The LTAF serves as the inaugural sub-fund within Apollo’s broader Private Markets LTAF framework.

Carne Global Fund Managers (U.K.) Limited acts as the Authorised Corporate Director and Alternative Investment Fund Manager (AIFM) for both the umbrella structure and the fund.

This multi-sector private credit solution aims to provide U.K. Defined Contribution pension schemes with access to a diversified global credit portfolio, focusing on private investment grade and large-cap corporate lending.

The fund is designed to enhance member outcomes for pension schemes by integrating private market solutions.

This initiative builds on Apollo’s previous efforts to bring similar retirement solutions to the U.S. and Europe, further solidifying its position in the market.

Management Commentary

Stephen Ulian, Managing Director, Lead for Defined Contribution, Apollo, said, “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 ...