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Apollo Global Diversified Credit ELTIF
Key Statistics
Fund Size
N/A
Target Return
11.1%
Annualized Return
N/A
Launch Year
2025
Min. Investment
€10,000
Availability
Open through selected distributors
Structure
SICAV Part II (ELTIF 2.0)
Product Category
Open-end
Domicile
Luxembourg
GP Type
Single
Liquidity Level
Semi-liquid
Management Fee
1.95%
Carry
Performance fee with ~1.0% p.a. cost impact per Class I1 (EUR) KID; headline rate and hurdle mechanics not publicly disclosed
ISIN
LU3041385645
Currencies
EUR, USD
Investor Eligibility
Retail
Liquidity Options
Monthly subscriptions
Highlights
Key Information Document (KID) – EU Funds
KID Risk Indicator
3 out of 7
Annual Returns (KID Scenarios)
Stressed
-1.19%
Moderate
9.53%
Favorable
11.1%
Average Total Cost Level (KID)
3%
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Information about fund
Apollo Global Diversified Credit ELTIF at a Glance
Apollo Global Diversified Credit ELTIF (AGDC) is an evergreen, semi-liquid ELTIF 2.0 sub-fund of the Luxembourg Apollo Private Markets SICAV, authorized by the CSSF on 5 August 2025. The strategy seeks current income from a global multi-asset credit portfolio spanning corporate direct lending, asset-backed lending and public fixed income, weighted approximately 72% North America and 27% Europe, with Tristram Leach and James Vanek as named portfolio managers.
Key Figures
Structure
ELTIF 2.0
SFDR Article 6; open-end evergreen
Allocation
60 / 20 / 15
Direct lending / asset-backed / public fixed income
Costs (Class I1)
~3.0%/yr
1.95% ongoing + ~1.0% perf. impact (KID); A1: 2.80% ongoing
Risk Indicator
3 / 7
Recommended holding: 5 years
Minimum
€10,000
Retail EUR class (per fund-database profile)
Liquidity
Monthly / Quarterly
Subscriptions / redemptions
Structure & Distribution
| Share Classes | A1 EUR (LU3041386882), A4 USD, I1 EUR (LU3041385645), I3 USD, I4 USD; currency hedged |
| AIFM / Depositary | Carne Global Fund Managers (Luxembourg) / CACEIS Bank, Luxembourg Branch |
| Benchmark | Morningstar Global Leveraged Loan index; large-cap borrower focus |
| Distribution | Passported to 30 EEA states incl. the Netherlands |
| Track Record | Launched 2025 — no public NAV, size or performance figures yet |
Lock-up, notice-period and redemption-gate parameters have not been publicly disclosed. As with other semi-liquid credit vehicles, redemptions are subject to the liquidity mechanisms permitted under ELTIF 2.0 and may be limited in periods of elevated redemption demand — Apollo’s separate US non-traded BDC applied its quarterly repurchase cap in 2026 when requests exceeded it, illustrating how such mechanisms operate.
Deepdive & Related Funds
Apollo Aligned Alternatives
An open-ended, semi-liquid fund offering investors access to Apollo's comprehensive alternatives platform across private market opportunities in equities, real assets and credit.
Apollo Debt Solutions BDC (ADS)
Apollo Debt Solutions BDC (ADS) is the perpetual-life non-traded BDC of Apollo Global Management that provides debt financing to large private U.S. companies with EBITDA over $75 million. The vehicle has a $14.1 billion NAV and a $25.7 billion portfolio comprised of roughly 99% first lien debt, 96% of it floating rate. Investors can enter via monthly subscriptions at NAV from $2,500, quarterly repurchases are capped at 5% of outstanding shares, and the adviser earns a 1.25% management fee plus a 12.5% incentive fee over a 5% hurdle.
Other Apollo Global Management, Inc. Funds
Apollo European Private Credit ELTIF
Apollo European Private Credit ELTIF (AEPC) is an evergreen, semi-liquid ELTIF 2.0 sub-fund of the Luxembourg-domiciled Apollo Private Markets SICAV. The fund seeks current income from newly originated, primarily first-lien senior secured direct lending to large-cap and upper middle-market European companies, with monthly subscriptions and quarterly redemption windows.
Apollo Global Private Markets ELTIF
Apollo Global Private Markets ELTIF (AGPM) is a perpetual, semi-liquid ELTIF 2.0 sub-fund of the Luxembourg-domiciled Apollo Private Markets SICAV. AGPM focuses on long-term capital growth by investing in the equity of established private companies globally, via secondaries and co-investments sourced across the Apollo platform, with quarterly redemption windows for investors.
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