Apollo S3 Private Markets Lux (ASPM)

Apollo S3 Private Markets Lux (ASPM) is an open-end SICAV managed by Apollo and domiciled in Luxembourg, where it operates as a Non-ELTIF vehicle under the UCI Part II regime; its N/A ELTIF designation reflects that it is not marketed under that framework. Launched in 2024 and denominated in USD, it pursues a secondaries approach within private equity, acquiring existing fund interests and related positions rather than building exposure through primary commitments. It is distributed on a pan-European basis to both professional and eligible retail investors, with a minimum subscription of 25,000 USD and an SFDR classification of Article 6.

The liquidity mechanics follow the evergreen semi-liquid model: units are priced at a monthly NAV, subscriptions are accepted monthly, and redemptions are processed quarterly subject to a notice period of 31 days, so investors should assume a lag between a redemption decision and settlement. Because the secondaries strategy is funded into existing portfolios, capital is typically deployed without the undrawn-commitment profile of closed-end structures, though the underlying assets remain private and are valued periodically. The summary risk indicator is 6, and fees comprise a management fee of and a performance fee of , both benchmarked against the wider peer set on this page.

Within Novantigo's coverage of 494 vehicles as of 31 Aug 2026, the fund is one of 163 private equity strategies, one of 347 funds domiciled in Luxembourg, and one of 117 that combine both characteristics, placing it in a densely populated segment of the European semi-liquid market. Reported assets under management stand at , and the portfolio's regional distribution is shown under for comparison with same-strategy peers.