Apollo European Private Credit

AEPC

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Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

Legal Name:

Apollo European Private Credit – Sub-Fund I

Manager:

Apollo Global Management

Website:

https://www.apollo.com/

Fundraising Status:

Open

Domicile:

Luxembourg

Legal Form:

Lux SICAV (S.A.)

Regulatory Regimes:

Lux UCI (Part II)

Term:

Perpetual-Life

Base Currency:

EUR

Launch Year:

2024

Inception Date:

Apr 1, 2024

Size:

€499M (as of Jan 31, 2026)

No. of Investments:

96 (as of Jan 31, 2026)

Investor Eligibility Segments:

Institutional, Professional / Accredited, Retail

Permitted Distribution Countries:

Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus

Strategy

AEPC is an evergreen private credit fund investing mainly in first‑lien, senior secured direct loans to upper‑middle‑market and large‑cap European corporate issuers, seeking income with capital preservation. The portfolio is primarily buy‑and‑hold, complemented by a smaller allocation to liquid credit such as broadly syndicated loans for liquidity management. The strategy emphasises downside risk mitigation and utilises Apollo’s European direct lending origination platform.

Asset Classes:

Private Credit

Strategy:

Direct Lending (PC)

Underlying Investment Type:

Direct investments

Geographic Focus Region:

Europe

Geographic Focus:

Europe, United Kingdom, Luxembourg, France, Germany, Netherlands, Sweden, United States, Jersey, Ireland

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

Financial Services, Software, Professional Services, Health Care Providers & Services, Consumer Staples Distribution & Retail, Specialty Retail, Hotels

Other Focus:

ESG Investment Focus

Performance

for I4 share class

Total Returns (% Net of Fees)

Net returns (since inception)	I4
Total Return	18.4%
Annualized Return	9.6%
Best Month	(Jun 2024)1.2%
Worst Month	(Jan 2026)0.3%
Risk metrics (since inception)
Volatility	0.9%
Sharpe Ratio (4.3% risk-free)	6.03

Yearly returns (since inception)

Allocations

Seniority allocation

Seniority

as of Jan 31, 2026Include liquidity sleeve

Target

Seniority

as of Jan 31, 2026

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Seniority

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Sector allocation

Sector

as of Jan 31, 2026Include liquidity sleeve

Target

Sector

as of Jan 31, 2026

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Sector

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Rate Type allocation

Rate Type

as of Jan 31, 2026Include liquidity sleeve

Target

Rate Type

as of Jan 31, 2026

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Rate Type

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Geography allocation

Geography

as of Nov 30, 2025Include liquidity sleeve

Target

Geography

as of Nov 30, 2025

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Geography

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Key terms

for I4 share class

Share Class

Minimum Subsribtion:

€25,000

Currency:

USD

Inception Date:

Apr 1, 2024

Distribution Type:

Accumulating

Investor Type:

Institutional

Liquidity

Gate:

5% of NAV per quarter at Master Fund level.

Gate Level:

Aggregate NAV

Redemption Frequency:

Quarterly

Redemption Basis:

NAV as of redemption date

Subscribtion Frequency:

Monthly

Subscribtion Basis:

NAV per Share at first business day of following month

Fees

Management Fee:

1.25%

Payable monthly

Management Fee Basis:

NAV

Performance Fee:

12.50%

5% annualised hurdle; 100% catch-up; net of Master Fund operating expenses; crystallises annually at Master Fund level.

Performance Fee Basis:

Distributions, Change in aggregate NAV

All distributions accrued or paid plus change in aggregate NAV; net of Master Fund operating expenses; annual crystallisation.

Hurdle rate:

5.00%

Applies to annual incentive fee on distributions plus NAV change

Catch-up:

100.00%

Front load (subscription):

0.00%

Subscriptions at NAV; selling commissions and dealer manager fees may apply outside the Fund.

Management Fee:	1.25%	Payable monthly
Management Fee Basis:	NAV
Performance Fee:	12.50%	5% annualised hurdle; 100% catch-up; net of Master Fund operating expenses; crystallises annually at Master Fund level.
Performance Fee Basis:	Distributions, Change in aggregate NAV	All distributions accrued or paid plus change in aggregate NAV; net of Master Fund operating expenses; annual crystallisation.
Hurdle rate:	5.00%	Applies to annual incentive fee on distributions plus NAV change
Catch-up:	100.00%
Front load (subscription):	0.00%	Subscriptions at NAV; selling commissions and dealer manager fees may apply outside the Fund.

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
I4	25,000 EUR	USD	2024-04-01	Accumulating	Institutional	-	-
Class B eg	250,000 EUR	EUR	15 Mar 2018	Accumulating	Institutional	LU1987654321	FUND B LX
Class C Example	500,000 USD	USD	01 Jun 2019	Distributing	Professional	IE0123456789	FUND C ID
Class D eg.	100,000 GBP	GBP	22 Sep 2020	Accumulating	Institutional	GB00ABCDEF12	FUND D LN
Class E Example	25,000 EUR	EUR	03 Jan 2021	Distributing	Retail	LU9988776655	FUND E LX
Class F Example	1,000,000 USD	USD	10 Nov 2017	Accumulating	Institutional	US1234567890	FUND F US

FAQ

What is Apollo European Private Credit?

Apollo European Private Credit is an evergreen Lux UCI fund focused on Private Credit and managed by Apollo Global Management.

Who manages Apollo European Private Credit?

Apollo European Private Credit is managed by Apollo Global Management, based in New York, New York, United States.

How big is Apollo European Private Credit?

Apollo European Private Credit has a size of €499M.

What type of fund is Apollo European Private Credit?

Apollo European Private Credit is an open-ended / evergreen Lux UCI fund investing in private credit and domiciled in Luxembourg.

When was Apollo European Private Credit launched?

Apollo European Private Credit was launched on Apr 1, 2024 and is structured as a Lux SICAV (S.A.) vehicle with a perpetual-life term.

Where is Apollo European Private Credit domiciled and regulated?

Apollo European Private Credit is domiciled in Luxembourg under Lux UCI (Part II).

Data transparency

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How does Borgline ensure data accuracy?

Borgline's analyst team cross-checks key figures across independent documents and updates the database only when data is confirmed against the latest, most authoritative disclosures.

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