Fund databaseMulti-Asset

Apollo S3 Private Markets

Apollo Global Management · LU2898824136

Part II SICAV Multi-Asset Luxembourg 12 share classes ↓ Secondaries Buyout Growth Equity

NAV
Fund currencyUSD
Income treatmentdistributing
Performance
Ongoing costs4.68% p.a.
Min. investmentUSD 25,000
Redemptionquarterly
Risk (SRI)4 / 7

01Performance

We do not yet have a NAV series for this fund. Semi-liquid funds often publish their unit prices only monthly or quarterly — and not always publicly.

Provider figures

These come from the factsheet, the PRIIPs KID or the monthly report. They may relate to a different reference date, a different share class or a longer period than the series above — the series starts with the first documented unit price, not necessarily with the launch. That is why the values sometimes differ.

Since launch p.a.16.10%

02Strategy & portfolio

What the fund does and how the portfolio is put together.

Launch year2024
Fund sizeUSD 329mas at 31 Jan 2026
CurrencyUSD
Income treatmentdistributing
SFDR
Recommended holding5 yrs
Liquidity buffer
Leverage limit

Risk indicator 4 of 7 from the key information document (1 = low, 7 = high); it captures liquidity risks only to a limited extent.

Portfolio breakdown

Broken down using semiliquid’s common taxonomy — provider labels are mapped onto shared categories so that funds can be compared. Only published figures are used; nothing is estimated.

Sector breakdown

Approximation (qualitative)% of NAVas at 21 Aug 2026

Diversified, no sector breakdownThe provider reports the portfolio as a single position — no finer breakdown is published.
Source: Apollo — KID 'Apollo S3 Private Markets' · Document

Geographic breakdown

Approximation (qualitative)% of NAVas at 21 Aug 2026

Global, not broken downThe provider reports the portfolio as a single position — no finer breakdown is published.
Source: Fondsdokumente des Anbieters (KID/Prospekt/Präsentation), qualitative Angabe ohne Prozentwerte — Belegzitate in den Spalten 'Text: Sektorfokus' und 'Text: Regionenfokus'

Strategy

Secondaries Buyout Growth Equity Venture Capital

GP-led single-/multi-asset continuation vehicles and LP-led portfolios; buyout, growth, venture, infra/energy, sponsor-backed direct lending

03Costs

The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.

Management fee1.25%
Total ongoing costs4.68%
Entry charge max.0.00%
Redemption fee0.00%
Performance fee12.50%
Hurdle rate5.00%
High-water marknot documented

In context: ongoing costs

This fund
4.68%
Median Multi-Asset
2.19%

Median across 14 funds in this asset class in our database, based on the PRIIPs KID. No statement about quality — cost structures differ depending on the strategy and on target-fund layers.

How the performance fee works

No separate performance fee arises at product level. According to the available information, the following apply to the carried interest: performance fee 12.50 %, hurdle 5.00 % ('5% annualized hurdle') with 100 % catch-up ('100% catch-up to adviser after 5% annualized hurdle') – a soft hurdle with full catch-up. Whole-fund vs deal-by-deal, high-water mark/loss recovery and the crystallisation cycle are not documented.

Costs per the key information document

No public PRIIPs KID is available; ongoing costs and cost impact are not published.

04Subscription & entry

How you get into the fund, and on what terms.

Subscriptionmonthly
Minimum investmentUSD 25,000
Entry chargeup to 0.00%
Rec. holding period5 years

Subscription per the document

monthly

05Redemption & liquidity

Semi-liquid means redemption only on fixed dates, with notice periods and upper limits. This is how it works for this fund — in the order the redemption process runs.

Units can be redeemed quarterly; notice must be given 31 days before the date; on each date the fund redeems at most 5 % of fund assets.

1 · Lock-upnot documented
2 · Notice period31 days before the date
3 · Redemption datequarterly
4 · Gatemax. 5 % per date
5 · Payoutnot documented

The gate caps redemptions at 5 % of fund assets per date. If more investors want out at the same time, orders are scaled back pro rata or deferred to the next date.

Redemption per the document

quarterly

Gate per the document

5 % of aggregate NAV per quarter The percentage relates to the aggregate net asset value of the units outstanding.

Notice period

not documented

Lock-up

not documented

Liquidity score: 3.3 of 5

Redemption frequency
3 / 5 · 40 %
Gate / redemption cap
3 / 5 · 25 %
Notice period
3 / 5 · 20 %
Redemption fee
5 / 5 · 15 %

The score measures only the contractual redemption mechanics (the higher, the more flexible) — not whether the fund actually stays liquid under stress. Weightings in per cent.

06Share classes

12 classes known. All cost and risk figures on this page apply to LU2898824136.

ISINStatusMin. investmentOngoing costsSRI
LU2898824136basis of this pageUSD 25,0004.68%4/7
LU2898824052documentedUSD 25,000not documentednot documented
LU2898823914documentedUSD 25,000not documentednot documented
+ 9 more share classes
ISINStatusMin. investmentOngoing costsSRI
LU2898823831documentedUSD 25,000not documentednot documented
LU2908899102documentedUSD 25,000not documentednot documented
LU2898826008documentedUSD 25,000not documentednot documented
LU2898823591documentedUSD 25,000not documentednot documented
LU2898825885documentedUSD 25,000not documentednot documented
LU2898827402documentedUSD 25,000not documentednot documented
LU2898827584documentedUSD 25,000not documentednot documented
LU2898825612documentedUSD 25,000not documentednot documented
LU2898824300documentedUSD 25,000not documentednot documented
Note on the classes
12 share classes with an ISIN, documented via the 2025 annual tax reporting (11 classes with ISIN and WKN) and the KIDs for classes A4 and I4.

07Fund details & verification

Who stands behind the fund, who it is authorised for — and what the figures rest on.

Launch date

11 Oct 2024; fact card as at 31 Mar 2026, KIDs for classes A4 and I4 dated 1 Jul 2026.

Eligible investors

Institutional / professional / retail (depending on country)

Distribution authorisation

32 countries (EEA-wide)

Fee layers / double charging

DOUBLE CHARGING IS STRUCTURAL AND EXPLICITLY NAMED. ASPM Lux is a pure secondaries strategy (GP-led continuation vehicles, LP-led portfolios). On the performance fee the source expressly notes 'fees in underlying investments' – the performance-related remuneration arises at the level of the acquired target funds/continuation vehicles, not at fund level. In addition, the management fees of the respective GPs arise at that level. ASPM Lux is part of the 'Apollo Private Markets SICAV' umbrella

All figures come from our analysis of provider documents (product data as at 19 Aug 2026, distribution data as at 12 Aug 2026) and have not been conclusively verified.

Similar funds

Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.

Important information. semiliquid.info does not provide investment advice and makes no recommendation to buy, sell or hold fund units — no ranking, no offer, no invitation to subscribe. Only the prospectus and the key information document (PRIIPs KID) of the respective fund are authoritative. We give no warranty for the accuracy, completeness or currency of the information. Semi-liquid funds invest in illiquid assets: redemptions are possible only to a limited extent and can be capped, deferred or suspended; there is a risk of total loss. Past performance is not a reliable indicator of future results. Read the prospectus and the key information document before making an investment decision and seek professional advice where appropriate.