Apollo European Real Estate Debt

Apollo European Real Estate Debt is an open-end SICAV domiciled in Luxembourg and managed by Apollo, launched in 2025 and denominated in EUR. It is structured as a Non-ELTIF vehicle authorised under the UCI Part II regime, with an N/A ELTIF designation, and is distributed pan-European to both professional and retail-qualified investors subject to a minimum commitment of 25,000 EUR. The strategy invests in real estate debt, with exposure allocated across , and the portfolio is classified Article 8 under SFDR.

Liquidity is semi-liquid rather than closed-ended: capital can be added at a monthly cadence, while redemptions are processed quarterly subject to a notice period of 31 days, priced off a NAV struck monthly. The mismatch between monthly entry and quarterly exit, together with the notice requirement, is the mechanism through which the manager matches dealing activity to the underlying loan book, which amortises and repays on a schedule that is not continuously tradable. Current fund size is shown as , and the fee structure comprises a management fee of alongside a performance fee of , each benchmarked against the comparable vehicles in the dataset.

Within the coverage universe of 494 funds as of 31 Aug 2026, this is one of 44 real estate vehicles tracked and one of 347 funds domiciled in Luxembourg; narrowing to both filters leaves 31 directly comparable products, which is the relevant set for assessing its terms, dealing calendar and cost levels against peers pursuing credit rather than equity exposure to property.