Fund database › Private Credit
Apollo Global Management · LU3041387005
ELTIF 2.0 Private Credit Luxembourg Article 6 3 share classes ↓ Co-Investments Primaries / Target Funds Direct Lending
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.
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.
Target return per the provider: No officially communicated target return. KID base scenario for class I1: 9.04 % p.a. on exit after 1 year, 9.53 % p.a. on exit after 5 years (net of costs).
Provider figure or KID scenario — not a forecast by semiliquid.info. Target returns are not guaranteed.
What the fund does and how the portfolio is put together.
Risk indicator 3 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.
Strategy
The basis is the PRIIPs KID of the share class we track — which makes it comparable across providers.
| Management fee | 1.85% |
| Total ongoing costs | 1.95% |
| Entry charge max. | 0.00% |
| Redemption fee | 0.00% |
| Performance fee | 10.00% |
| Hurdle rate | not documented |
| High-water mark | not documented |
Median across 23 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 you get into the fund, and on what terms.
monthly
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 30 days before the date; on each date the fund redeems at most 5 % of fund assets.
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.
quarterly (subject to the restrictions in the supplement)
not documented
not documented
No exit costs charged by the fund (exit fee 'None', class I1); no lock-up or minimum holding period is disclosed; recommended holding period 5 years.
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.
3 classes known. All cost and risk figures on this page apply to LU3041387005.
| ISIN | Status | Min. investment | Ongoing costs | SRI |
|---|---|---|---|---|
| LU3041387005 | basis of this page | not documented | 1.95% | 3/7 |
| LU3041386882 | documented | EUR 10,000 | 1.95% | 3/7 |
| LU3041385645 | not yet collected | not documented | not documented | not documented |
Who stands behind the fund, who it is authorised for — and what the figures rest on.
Carne Global Fund Managers (Luxembourg) S.A. (AIFM); portfolio management: Apollo Management International LLP. Depositary, according to the available information, CACEIS Bank, Luxembourg branch.
ELTIF/CSSF authorisation 5 Aug 2025; public announcement 24 Sep 2025 (Apollo press release); launch year of the share classes 2025 (investinzukunft.de); exact launch date n/a
Listed as “Apollo Private Markets SICAV - Apollo Global Diversified Credit ELTIF“ · fund type: EU/foreign ELTIF, open-ended, all investors · ID 70167818
Professional investors and eligible non-professional (retail) investors with knowledge/experience in alternative investments
Apollo names 34 jurisdictions on the product page: Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, DIFC (Dubai), Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Cyprus, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom.
MULTIPLE LAYERS: target allocation 60 % corporate direct lending, 20 % asset-backed lending, 15 % public fixed income; implemented via direct investments, CO-INVESTMENTS and PRIMARY FUNDS/INVESTMENTS. Where the fund invests in funds, additional fees arise at the target-fund level (double charging possible, not documented). AIFM: Carne Global Fund Managers (Luxembourg) S.A
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.
Same asset class, sorted by overlap of sub-strategy — no recommendation, no ranking.
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