Apollo S3 Private Markets Fund

ASPM LUX

Overview Strategy Performance Allocations Key terms Share classes FAQ

Overview

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:

USD

Launch Year:

2024

Inception Date:

Oct 11, 2024

Size:

$319M (as of Dec 31, 2025)

No. of Investments:

34 (as of Dec 31, 2025)

Investor Eligibility Segments:

Institutional, Professional / Accredited, Retail

Permitted Distribution Countries:

Austria, Belgium, Bulgaria, Croatia, Cyprus

Strategy

ASPM LUX invests in private equity and private credit secondaries across global private markets, with a primary focus on North American and Western European buyout, growth, venture and infrastructure/energy strategies and sponsor-backed direct lending. The fund allocates mainly to GP‑led single- and multi‑asset continuation vehicles and LP‑led portfolios, diversified by vintage, manager and industry (industrials, consumer, communication services, technology, financials), seeking long‑term capital appreciation via opportunistic, alpha‑oriented secondary discounts across the capital stack.

Asset Classes:

Private Equity

Strategy:

Diversified (PE), Diversified (PC)

Underlying Investment Type:

Secondaries

Geographic Focus Region:

North America

Geographic Focus:

North America, Western Europe

Sector Focus (GICS):

Diversified

Sector Focus (not standardized):

Consumer Discretionary, Industrials, Communication Services, Healthcare, Information Technology, Financials, Materials, Entertainment & Media

Performance

for I3 share class

Total Returns (% Net of Fees)

Net returns (since inception)	I3
Total Return	22.9%
Annualized Return	19.3%
Best Month	(May 2025)6.2%
Worst Month	(Apr 2025)-0.1%
Risk metrics (since inception)
Volatility	7.4%
Sharpe Ratio (4.3% risk-free)	2.04

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Key terms

for I3 share class

Share Class

Currency:

USD

Distribution Type:

Distributing

Investor Type:

Institutional

Liquidity

Gate:

5% of aggregate NAV across parallel entities per calendar quarter.

Gate Level:

Aggregate NAV

Redemption Frequency:

Quarterly

Redemption Basis:

NAV per share on the quarterly Redemption Date

Subscribtion Frequency:

Monthly

Subscribtion Basis:

Monthly at NAV

Dividend Distribution Frequancy:

Annual

Fees

Management Fee:

1.25%

Payable monthly.

Management Fee Basis:

NAV

Performance Fee:

12.50%

No performance fee at product level; fees in underlying investments.

Hurdle rate:

5.00%

5% annualized hurdle.

Catch-up:

100.00%

100% catch-up to adviser after 5% annualized hurdle.

Front load (subscription):

0.00%

Intermediary upfront commissions/placement fees may apply outside the fund.

Back load (redemption):

0.00%

Servicing fee:

0.00%

Distribution fee may be charged by the person selling the product outside the fund.

Management Fee:	1.25%	Payable monthly.
Management Fee Basis:	NAV
Performance Fee:	12.50%	No performance fee at product level; fees in underlying investments.
Hurdle rate:	5.00%	5% annualized hurdle.
Catch-up:	100.00%	100% catch-up to adviser after 5% annualized hurdle.
Front load (subscription):	0.00%	Intermediary upfront commissions/placement fees may apply outside the fund.
Back load (redemption):	0.00%
Servicing fee:	0.00%	Distribution fee may be charged by the person selling the product outside the fund.

Share classes

Name	Min. Subscription	Currency	Inception	Distribution	Investor Type	ISIN	BBG Ticker
I3	-	USD	-	Distributing	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 S3 Private Markets Fund?

Apollo S3 Private Markets Fund is an evergreen Lux UCI fund focused on Private Equity and managed by Apollo Global Management.

Who manages Apollo S3 Private Markets Fund?

Apollo S3 Private Markets Fund is managed by Apollo Global Management, based in New York, New York, United States.

How big is Apollo S3 Private Markets Fund?

Apollo S3 Private Markets Fund has a size of $319M.

What type of fund is Apollo S3 Private Markets Fund?

Apollo S3 Private Markets Fund is an open-ended / evergreen Lux UCI fund investing in private equity and domiciled in Luxembourg.

When was Apollo S3 Private Markets Fund launched?

Apollo S3 Private Markets Fund was launched on Oct 11, 2024 and is structured as a Lux SICAV (S.A.) vehicle with a perpetual-life term.

Where is Apollo S3 Private Markets Fund domiciled and regulated?

Apollo S3 Private Markets Fund is domiciled in Luxembourg under Lux UCI (Part II).

Data transparency

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