Schroders and Apollo announced they have formed a strategic partnership to develop next-generation wealth and retirement investment solutions intended to enhance client choice and outcomes, with the aim of generating multi-billion-dollar annual flows from new and existing clients.
The firms said the collaboration will combine Schroders’ active management capabilities in public markets and private markets expertise through Schroders Capital with Apollo’s private markets platform, with an emphasis on building hybrid products that blend public and private market exposures.
The firms said the partnership is designed to address rising global demand for solutions that integrate public and private markets to support savings and retirement needs, particularly for reliable income. They said early market testing with potential clients, along with potential allocations from existing client portfolios, indicates a multi-billion-dollar-per-year opportunity.
In the UK, the companies said they will accelerate and deepen their offering for the wealth market by co-creating new investment products that blend public- and private-market fixed-income exposures across Schroders, Schroders Capital, and Apollo. The firms said these products are intended to provide enhanced income solutions for UK wealth clients, with improved diversification and excess return per unit of risk across the credit spectrum. The first product is expected to launch later in 2026. Schroders also said it will have the opportunity to allocate to Apollo from certain existing client portfolios, focusing on capabilities that complement Schroders Capital and could improve client outcomes.
In the US, the firms said they are preparing a Collective Investment Trust for the defined-contribution pension market, which is expected to launch in the second quarter of 2026. The planned CIT would combine exposures across Schroders Capital and Apollo, with the firms positioning the structure as part of a broader push to bring hybrid public-private solutions to retirement channels.
The partnership announcement also highlighted each firm’s scale and positioning. Schroders said it manages more than $1 trillion of assets, with private markets capabilities through Schroders Capital, including more than $38 billion in private debt and credit alternatives. Apollo said it has approximately $908 billion of assets under management and operates a large alternative credit platform with a focus on private investment-grade credit origination.
KEY QUOTES
“This partnership is highly complementary, delivering the best of Schroders and Apollo to deliver better outcomes for our clients. It has the potential to offer clients something truly different; innovative investment solutions with the potential to deliver robust, resilient returns, encompassing offerings across the wealth and retirement landscape in the UK and the US.
We have always said that we would only pursue partnerships which enhance our existing offering and it is clear that this agreement with Apollo meets that criteria. We cannot wait to get started together.”
Richard Oldfield, Group Chief Executive, Schroders
“Schroders is a storied institution with deep investment expertise and a reputation for delivering excellent client outcomes. Our complementary capabilities can help address a large and growing societal need for reliable income solutions. Together we look forward to developing the next generation of hybrid products.”
Marc Rowan, Chief Executive Officer, Apollo Global Management
