Apollo has announced a significant development in its European investment services. The company has received the necessary regulatory approval to introduce three new European Long-Term Investment Funds, commonly referred to as ELTIFs. These funds are designed as evergreen, semi-liquid investments, which means they can operate continuously over time while offering some liquidity to investors. This move marks a strategic expansion of Apollo’s presence in private markets, aiming to provide a wider range of investors with access to its private market expertise.
The new funds are set to be launched in the upcoming months under the umbrella of the Apollo Private Markets SICAV, a Luxembourg-based investment platform. The authorization came from Luxembourg’s regulatory authority, the Commission de Surveillance du Secteur Financier, ensuring the funds meet strict standards for operation and investor protection. With this addition, Apollo’s Global Wealth business will now oversee a total of eight evergreen funds domiciled in Luxembourg, reinforcing its commitment to providing diverse investment solutions globally.
This expansion reflects Apollo’s ongoing efforts to develop a comprehensive suite of investment options targeted at different investor profiles. The company aims to provide easier access to high-quality private markets strategies for investors in Europe, Asia, and Latin America. However, it is essential to note that eligibility to participate in these funds depends on local laws and specific investor requirements, which can vary across regions.
The three new funds will operate under the updated ELTIF 2.0 framework. This new regime is specifically designed to make private market investments more accessible to individual investors. It allows for flexible, evergreen formats that keep the funds open for investment over time, rather than closing after a single offering. This change aims to democratize access to opportunities that were traditionally limited to institutional investors or high-net-worth individuals.
In the first half of 2025, Apollo’s Global Wealth business reported impressive inflows of $9 billion across 18 different strategies. This growth demonstrates the company’s ability to attract a broad base of investors, indicating strong interest in private market strategies. Apollo is continuously investing in expanding its product offerings, growing its global team, and enhancing educational resources. These initiatives are designed to make private markets more accessible and understandable to a broader audience, enabling investors to navigate complex opportunities and potentially reap rewarding returns.
The expansion into new European Long-Term Investment Funds underscores Apollo’s commitment to offering innovative investment options and expanding its reach. With regulatory approval secured and a robust pipeline of offerings, the company is positioned to strengthen its presence in private markets and serve a diverse array of investors seeking access to alternative investments.
KEY QUOTES:
“With these three new ELTIFs, we continue to bring the best of Apollo’s investing expertise to wealth investors in Europe and around the world, in product formats tailored to their needs. Apollo has been an early mover under the ELTIF regime, launching the closed-end ACT Equity ELTIF in 2023, and we’re thrilled to now have authorization for three new evergreen formats under the 2.0 regime.”
“In our Global Wealth business we continue to expand our holistic suite of solutions to meet growing demand from investors seeking to build diversified portfolios with meaningful private markets exposure.”
Veronique Fournier, Head of EMEA Global Wealth
