Fund database › Private Equity
Apollo Global ManagementLU3170240538Class A2 Unhedged EUR Acc
The Apollo Global Private Markets ELTIF opens Apollo's global private-markets platform as an ELTIF 2.0: secondaries, co-investments and buyouts in a single vehicle, launched in Luxembourg in 2025, accumulating.
Monthly subscription; quarterly redemption with a quantified quarterly gate plus an additional, regulation-derived ceiling based on the liquid assets. The minimum holding period of under one year is shorter than at most competitors; no redemption discount applies.
Subscription from EUR 10,000, open to retail and professional investors; recommended holding period five years. With roughly thirty registered distribution countries — Germany included — it ranks among the most broadly registered products in the database.
One of the few ELTIFs backed by one of the large US alternatives platforms, and at the same time one of the most widely distributed. Its liquidity terms match the field standard, while the short minimum holding period sits below it — a comparatively accessible entry into the Apollo universe.
Figures for class A2 Unhedged EUR Acc (LU3170240538) · product data 12 Oct 2026 · sources: prospectus (as at 1 Jun 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Oct 2025, the unit price has gained 11.3% (cumulative, 0.9 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
11 monthly values · Source: secondary source (data portal), price feed / provider document · Returns calculated by semiliquid.info from the NAV series, not an official provider figure. Taxes and dealing costs of reinvestment are not considered. Past performance is not a reliable indicator of future results. The fund has been running since Sep 2025; a reliable NAV series of the class is available from Oct 2025.
What the prospectus permits: Secondaries and co-investments, sourced across the entire Apollo platform; target allocation by strategy: buyout 80%, other 20%
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
The largest holdings are QDOBA Mexican Eats (Butterfly-Continuation-Fund, 'Project Murray'), US insurance broker platform ('Project Astor'), Portfolio of European growth software companies ('Project Centaur'). 19.2% is held in the liquidity reserve — enough for 11 months of maximum redemptions.
Focus according to fund documents: Industrials & manufacturing 25%, Technology & software 25%, Healthcare & life sciences 17%, Consumer & retail 17%, Business services 17%
Focus according to fund documents: Global, not broken down 100%
Among the largest positions: 2 GP-led secondaries, 1 LP secondary; 3 names not disclosed.
U.S. fast-casual Mexican restaurant chain, operated largely through franchising and headquartered in San Diego.
Undisclosed US insurance brokerage platform (“Project Astor”) with recurring revenues and acquisition-driven growth.
Undisclosed secondary portfolio of seven large European growth software companies with more than USD 200 million in LTM revenue and organic growth of 20–30%. It comes from a venture/growth …
Positions and shares according to the provider; weights of the holdings are not reported; 3 of 3 names not disclosed; short descriptions by semiliquid.info from public sources; Allocation according to the uniform semiliquid taxonomy; only published values are used, nothing is estimated.
With ongoing costs of 2.80%, class A2 Unhedged EUR Acc is above the median of the asset class (2.60%). On top comes a performance fee of 12.50% above a hurdle of 5% — with a high-water mark.
For 10,000 EUR this means roughly 280 EUR per year.
For 10,000 EUR, no charge on purchase.
Based on the PRIIPs key information document of class A2 Unhedged EUR Acc, hence comparable across providers. Median: 35 Private Equity funds in this database, data run 16 Oct 2026.
Units can be subscribed monthly. The price is the NAV at the end of the previous month — it is not known when the order is placed and is published only 35 business days later.
5 business days before Dealing Date, 17:00 CET
The period may be waived at the discretion of the Board and/or the Administrator.
Price = NAV at the end of the previous month.
Valuation Day = last business day of the calendar month.
pre-funding: 4 business days before dealing day
An order placed today is invested in — days (—); the money is due on —. Miss the cut-off and you move to the next dealing day: cut-off —, invested from —.
| Frequency | monthly |
|---|---|
| Procedure | fully paid-in |
| Dealing day | 1st business day of the month |
| Cut-off | 5 business days before dealing day · 17:00 CET · (before the anchor date) |
| Price | previous month-end |
| NAV publication | Valuation Day = last business day of the calendar month; NAV per unit available approx. 35 business days after month-end. |
| Payment | pre-funding: 4 business days before dealing day |
| Minimum investment | EUR/USD/GBP/CHF 10,000 |
| Subscription limit | Acceptance, rejection or deferral to a later Dealing Date at the discretion of the Board; no quantitative cap |
| KYC / documents | 5 business days before Dealing Date, 17:00 CET |
| Revocation | Retail: cancellation within 2 weeks of signing the initial subscription form, repayment without deduction |
| Business day | banks open for business in Luxembourg, the United Kingdom and the United States (p. 20) |
Dates calculated from the prospectus rules (bank holidays: GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.
Units can be redeemed quarterly — with a volume limit (Gate), lock-up 9 months. How quickly the money arrives and what happens if many want out at once is set out below.
The first redemption day is the first quarterly Valuation Day more than 9 months after the first Dealing …
Price = NAV per share on this day.
NAV at previous quarter-end (—)
redemption day
A request made today is paid out on — — — days; from the cut-off to cash it is — days.
Money typically within half a year — on average 122 days from decision to cash.
Rank 17 of 112 · rank 4 of 38 in Private Equity · no lock-up · no fixed redemption fee
Confidence high — prospectus complete, dates calculated, no assumptions in the value · prospectus as at 1 Jun 2026 · score run 16 Oct 2026 · How 122 days become 43 pointsThe score measures how quickly and reliably you can get your money out according to the prospectus — not whether the fund is good.
| Character | redemption right |
|---|---|
| Frequency | quarterly |
| Valuation day | quarter-end |
| Notice | 30 calendar days before redemption day · 17:00 CET |
| Price | quarter-end |
| Payout | 30 business days after redemption day |
| Gate | 5% net of NAV at the previous quarter-end per quarter; ELTIF Redemption Limit: the lower of the Redemption Threshold and 27.3% of the Liquid Investments available on the … |
| Scaled-back portion | scaled-back portion lapses; new request required, no priority |
| Redemption fee (max.) | 0% |
| Lock-up | fund-level, 9 months (fund launch) |
| Suspension | material detriment to the fund/investors; NAV suspension; protection of remaining investors |
| Liquidity tools | AIFMD Annex V: suspension of redemption and subscription, extension of the notice period (Extended Notice Period), redemption in kind … |
| Switch / transfer | permitted with the consent of the Board; silence within 30 calendar days is deemed a refusal |
| Compulsory redemption | Prohibited Person; falling below the minimum holding or the eligibility criteria |
5% of NAV per calendar quarter (measured against the aggregate NAV at the end of the preceding quarter), additionally limited by the ELTIF Redemption Limit of 27.3% of the available liquid investments and of the prudently estimated cash flows of the next twelve months; the lower value applies.
The gate is expressed as a NAV ratio (5% of the prior quarter end NAV per calendar quarter); the relevant figure, however, is the lower of that ratio and 27.3% of the available liquid investments (ELTIF Redemption Limit).
Dates calculated from the prospectus rules (bank holidays: GB, LU, US); only the transfer agent’s confirmation is binding. Data as at 12 Oct 2026 · Documents: 08.
5 classes. All cost and risk figures on this page refer to the basis class A2 Unhedged EUR Acc.
PRIIPs KID ✓: a key information document exists and is the source of the costs. —: no KID documented — the class is distributed outside the EEA or to investors not covered by the KID requirement, or the document is not available. The risk indicator differs by class (3 to 4); the key figures show the value of the basis class.
Who is behind the fund, where it may be distributed — and which documents were evaluated.
| Document | As at | Used for |
|---|---|---|
| Prospectus Sub-Fund Supplement No. 29 'Apollo Global Private Markets ELTIF', p. 867-934 | 1 Jun 2026 | — |
| Factsheet / monthly report Factsheet_LU3170240611 (Fact Card Q1 2026, as at 31 Mar 2026) | 31 Mar 2026 | — |
| Key information document (PRIIPs KID) | 31 Mar 2026 | — |
| Annual / semi-annual report | 31 Dec 2025 | — |
| NAV series secondary source (data portal), price feed / provider document | 28 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Mar 2026 | Portfolio (03) |
All figures are taken from provider documents (product data as at 16 Oct 2026, distribution data as at 5 Oct 2026) and have not been conclusively verified.
Redemption quarterly, notice period 30 calendar days before redemption day, with 5% gate per quarter. Subscribing today, it takes on average 122 days from decision to cash under the prospectus deadlines; a gate is not factored in.
Ongoing costs of 2.80% p.a. according to the PRIIPs KID for class A2 Unhedged EUR Acc; the median of the Private Equity funds in this database is 2.60%; plus a performance fee of 12.50%.
10,000 EUR in class A2 Unhedged EUR Acc.
Yes. According to our evidence, the fund is open to retail investors in Germany (as at 5 Oct 2026). The Access check shows the details.
As at 16 Oct 2026, no redemption restriction is documented for the Apollo Global Private Markets ELTIF. Under the prospectus a gate of 5% per quarter applies.
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Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.