Fund database › Private Credit
Apollo Global ManagementLU3042805062Class A1
The Apollo European Private Credit ELTIF originates new, predominantly first-lien secured corporate loans in Europe — with a declared focus on current income and capital preservation across credit cycles, as an ELTIF 2.0, launched in 2025.
Monthly subscription; quarterly redemption with roughly one month's notice; the limit is measured against fund assets and additionally against the liquid assets. Neither a minimum holding period nor a redemption fee — remarkably open for an ELTIF.
Subscription from EUR 10,000 for retail investors with alternatives experience and professional investors, recommended holding period five years; with roughly thirty distribution countries including Germany, one of the most broadly registered products in the field.
The retail flagship among Apollo's credit vehicles — senior-oriented European lending without holding or penalty mechanics, structured as accessibly as hardly any other credit product in the database. The same house's Part II variant sits separately in this database.
Figures for class A1 (LU3042805062) · product data 9 Oct 2026 · sources: prospectus (as at 1 Jun 2026), PRIIPs-KID, Factsheet — full list under 08 documents.
Since the data series began in Dec 2025, the unit price has gained 0.7% (cumulative, 0.7 years). The series is still short; valuations of private holdings arrive quarterly and smoothed.
8 monthly values · Source: secondary source (data portal) · Price return excluding distributions · 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 Aug 2025; a reliable NAV series of the class is available from Dec 2025. distributing, no distribution data — price return excluding distributions.
What the prospectus permits: Direct lending to large-cap and upper-middle-market companies, predominantly first-lien/senior secured loans, to a lesser extent second lien.
Taxonomy of semiliquid.info; only published values are used, nothing is estimated. The actual portfolio breakdown is in 03 Portfolio.
The five largest holdings account for 33.4% of the fund. 8.0% is held in the liquidity reserve — enough for 5 months of maximum redemptions.
Focus according to fund documents: Diversified, no sector breakdown 100%
Focus according to fund documents: Europe 100%
Among the largest positions: 8 loans.
UK acquisition vehicle (bidco) for the takeover of a research and advisory services provider.
Luxembourg financing vehicle of the Athens-based Intralot group, an Athens-listed provider of lottery …
UK holding and financing company within the capital structure of Paymentsense (Dojo brand) …
Swedish intermediate holding company through which Karo Healthcare is financed …
Financing holding company of Adevinta, an Oslo-based operator of online classifieds marketplaces including mobile.de and Kleinanzeigen in Germany …
EG Group operates an international network of fuel stations with convenience stores and foodservice outlets, including as a franchisee of brands such as Starbucks, KFC and Subway …
UK acquisition vehicle (bidco) in healthcare, incorporated in 2025 and since renamed Maxilla Dental Bidco Limited.
Luxembourg holding company of a leisure and gaming business (industry group hotels, restaurants and leisure).
Positions and shares according to the provider; 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 2.45%, class A1 is well above the median of the asset class (2.05%). On top comes a performance fee of 10% above a hurdle of 5% — with a high-water mark.
For 10,000 EUR this means roughly 245 EUR per year; the cheapest class with a cost figure is I1 (1.60%, from 10,000 EUR).
For 10,000 EUR, no charge on purchase.
Based on the PRIIPs key information document of class A1, hence comparable across providers. Median: 32 Private Credit 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 25 business days later.
5 business days before Dealing Date, 17:00 CET
Notice period may be waived at the discretion of the Board and/or 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. 25 business days after the Valuation Day. |
| Payment | pre-funding: 4 business days before dealing day |
| Minimum investment | EUR/USD/GBP/CHF 10,000; ILS 41,000 |
| 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 9 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 19 of 112 · rank 8 of 31 in Private Credit · 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 (exceptional cases only, in line with the ESMA guidelines), extension of the notice period … |
| Switch / transfer | permitted with the consent of the Board; silence within 30 business days is deemed a refusal |
| Compulsory redemption | Prohibited Person; falling below the minimum holding or the eligibility criteria; distributions may also be effected as a pro-rata redemption. |
5% of NAV per calendar quarter (average 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 average NAV at the end of the preceding quarter per calendar quarter); the relevant figure 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 9 Oct 2026 · Documents: 08.
14 classes. All cost and risk figures on this page refer to the basis class A1; the cheapest class with a cost figure is I1 (1.60%, from 10,000 EUR).
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.
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. 28 'Apollo European Private Credit ELTIF', p. 771-866 | 1 Jun 2026 | — |
| Key information document (PRIIPs KID) | 5 Jun 2026 | — |
| Factsheet / monthly report Fact Card Q1 2026 (as at 31 Mar 2026) | 31 Mar 2026 | — |
| Annual / semi-annual report | 31 Dec 2025 | — |
| NAV series secondary source (data portal) | 28 Aug 2026 | Performance (01) |
| Positions and reserve | 31 Dec 2025 | 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 2.45% p.a. according to the PRIIPs KID for class A1; the median of the Private Credit funds in this database is 2.05%; plus a performance fee of 10%.
10,000 EUR in class A1.
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 European Private Credit ELTIF. Under the prospectus a gate of 5% per quarter applies.
Same asset class, similar sub-strategy.
Apollo Global Management · ELTIF 2.0 · quarterly
Dawson Partners · Part II SICAV · quarterly
M&G Investments · ELTIF 1.0 · monthly
Apollo Global Management · Part II SICAV · quarterly
Liquidity score in the “as of today” view with average days to cash. No recommendation, no ranking.