The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.

Apollo 
New York-listed investments house, Apollo, has launched the Apollo Private Markets SICAV, a Luxembourg-based product platform offering Apollo’s alternative solutions to wealth investors in EMEA, Asia and Latin America.

Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) has authorized the platform.

The platform launch marks a significant milestone in the build out of Apollo’s Global Wealth business in regions outside the US, Apollo said in a statement yesterday.

The new platform will initially offer two perpetual, semi-liquid products – one that provides a turn-key solution to broad private markets' exposure and another focused on US private credit. Apollo plans to add additional strategies in upcoming months. The SICAV structure will allow investors to access strategies in their local currency, with lower investment minimums than traditional alternative product offerings, it said.

“The new offering will complement institutional funds and planned country-specific parallel funds to provide our global distribution partners with a variety of structures to best address their clients’ needs and objectives,” Apollo’s Veronique Fournier, managing director and head of EMEA Global Wealth, and Edward Moon, managing director and head of Asia-Pacific Global Wealth, said.

As of December 31, 2022, Apollo had around $548 billion of assets under management.