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Apollo unveils secondaries strategy for global wealth investors
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The Apollo S3 Private Markets (ASPM US) and S3 Private Markets Lux (ASPM Lux) funds were designed to provide investors access to diversified portfolios of multi-asset secondaries investments across private markets. The US fund will be available as a perpetual 1940 Act tender offer fund, while its Luxembourg counterpart will be run as a SICAV, with the latter accessible in multiple currencies across EMEA, Asia and Latin America. Investors urged to step up scrutiny of 'value trap' secondaries in semi-liquid funds Apollo partner and chief client and product development officer Stephan...
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