Schroders and Apollo have teamed up to create investment solutions aimed at the wealth and retirement markets.
The collaboration will combine expertise from Schroders’ public market activities, including its private markets arm Schroders Capital, with Apollo’s private market capabilities.
As part of their plan, the firms will focus on expanding their offering in the UK wealth sector.
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They intend to jointly develop new products that integrate both public and private fixed income assets from Schroders, Schroders Capital, and Apollo.
These products are intended to provide UK clients with broader diversification and returns adjusted for risk across various areas of credit.
The first joint product is expected to become available later this year.
Apollo manages approximately $908bn in assets and specialises in asset management and retirement services.
Apollo Global Management CEO Marc Rowan said: “Schroders is a storied institution with deep investment expertise and a reputation for delivering excellent client outcomes. Our complementary capabilities can help address a large and growing societal need for reliable income solutions. Together we look forward to developing the next generation of hybrid products.”
Schroders also plans to allocate funds managed for some clients to Apollo, focusing on investment strategies that complement what is offered by Schroders Capital.
In the US, a Collective Investment Trust is being prepared for the defined contribution pension sector.
This vehicle, scheduled for launch in the second quarter of 2026, will draw on resources from both Schroders Capital and Apollo.
Schroders Group chief executive Richard Oldfield commented: “This partnership is highly complementary, delivering the best of Schroders and Apollo to deliver better outcomes for our clients. It has the potential to offer clients something truly different; innovative investment solutions with the potential to deliver robust, resilient returns, encompassing offerings across the wealth and retirement landscape in the UK and the US.
“We have always said that we would only pursue partnerships which enhance our existing offering and it is clear that this agreement with Apollo meets that criteria. We cannot wait to get started together.”
Schroders manages assets exceeding $1tn, including more than $38bn in private debt and alternative credit through Schroders Capital.
Last year, it completed the transfer of its Personal Wealth division to Lloyds Banking Group.
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