Apollo Global Management Inc. announced that it is set to launch the CG Apollo Global Diversified Credit LTAF (the ?LTAF? or the ?Fund?), a multi-sector private credit solution, after the Fund recently received FCA authorization. The LTAF will provide UK Defined Contribution (DC) pension schemes with access to a highly diversified, global credit portfolio principally focused on private credit, including private investment grade, large-cap corporate lending and asset-backed finance, in a semi-liquid product format.
The launch of the Fund will build on Apollo?s efforts to bring private market retirement solutions to DC plans in the US and Europe, helping retirement savers to access the same institutional-quality investment tools that have supported Defined Benefit pensions and global retirement systems for decades. The LTAF is the first sub-fund in Apollo?s broader Private Markets LTAF umbrella. Carne Global Fund Managers (UK) Limited serves as the Authorised Corporate Director and Alternative Investment Fund Manager (AIFM) to the LTAF umbrella and the Fund.
The LTAF represents the latest advancement in Apollo?s strategy to deliver compliant, institutional-quality private market solutions tailored to modern defined contribution schemes. In September 2025, Aviva announced that Apollo was among a select group of asset management partners selected to allocate capital under My Future Vision, Aviva?s new default pension investment strategy targeting 20%?25% private markets exposure. In February 2026, Apollo and Schroders announced a strategic partnership that includes the preparation of a Collective Investment Trust for US defined contribution plans, targeted for launch in Second Quarter 2026.
