S3: Sponsor and Secondary Solutions
Our Approach
S3 is Apollo’s Sponsor and Secondary Solutions business. It provides a holistic set of financing and liquidity solutions across the risk/reward spectrum to asset managers and limited partners. As a natural extension of Apollo’s global investment platform, S3 is able to offer partner-oriented capital across asset classes including private equity, private credit, infrastructure and real estate. Our flexible solutions seek to help private market participants meet their strategic goals at a wide range of capital costs. The Apollo S3 platform has raised approximately $9.4 billion in total capital since launching in August 2022.
GP and Asset Manager Solutions
Financing Solutions
- NAV-based fund finance and other fund-secured lending
- Secured lending to management companies
- Preferred equity and mezzanine debt solutions
Continuation Solutions
- Single-asset solutions
- Multi-asset solutions
- Fund-wide and multi-fund solutions
Partnership Capital
- GP minority equity and seed capital for funds
- LP capital
- Revenue shares and other strategic partnerships
LP and Investor Solutions
LP and Investor Solutions
- Single-fund manager LP interests
- Multi-fund portfolios and strips
- Portfolios of direct investments
- Other illiquid interests
LP Financing Solutions
- Asset- and portfolio-based lending solutions
- Preferred financing structures
- Recapitalizations and structured capital injections
- Other secured liquidity solutions
“The opportunity set in secondaries today is larger, more diverse and more dynamic than at any point in the market’s history. With decades of experience working together and the full breadth of Apollo’s platform behind us, S3 is executing with speed, creativity and conviction.”
Konnin Tam
Partner, Co-Head of Apollo Sponsor & Secondary Solutions (S3)
“The secondary market has become an essential tool for investors navigating today’s evolving private markets landscape, and we believe Apollo S3 is uniquely positioned to deliver creative, solutions-driven capital across a broad spectrum of needs. By combining scale with flexibility, we aim to be a trusted partner to both GPs and LPs as they seek to accomplish their strategic objectives.”
Veena Isaac
Partner, Co-Head of Apollo Sponsor & Secondary Solutions (S3)
S3 x Apollo
S3
- Purposefully designed to provide a holistic set of financing and liquidity solutions for private markets sponsors and investors
- Solutions-oriented with flexible asset class focus across yield, hybrid and equity
- Experienced and dedicated team with a long history of leadership and collaboration, working as trusted partners in the secondaries and liquidity solutions markets
Apollo
- Powered by one of the world’s leading alternative asset managers providing innovative capital solutions
- Global expertise in yield, hybrid and equity and across the risk/reward spectrum
- Partnership-oriented mindset and aligned investment philosophy with a focus on holistic solutions and complexity that we believe is well-suited for secondaries as an opportunistic and dislocation-oriented strategy
Insights and Updates
- Container
IN THE NEWS
- Butterfly Closes $527 Million Continuation Fund to Accelerate Growth for QDOBA
- Tikehau Capital Raises €1 Billion to Support Egis’ Next Phase of Growth, With Backing From an Apollo S3 / ADIA Consortium and Neuberger Berman as Co-Lead Investors
- GCP Capital Partners Closes Single-Asset Continuation Vehicle Transaction in Partnership with Apollo S3 to Support the Continued Growth of ALKEME Insurance
- Crestview Partners Closes Continuation Fund for Two Fund III Investments With Nearly $600 Million of Commitments
- Kaiser Permanente’s Sale of a $5 Billion Portfolio to Apollo S3-Led Investor Group Named One of Secondaries Investor’s Top Five Secondaries Deals of 2023
- Apollo Launches Evergreen Secondaries Funds in Europe and US
- Gryphon Investors Closes Continuation Vehicle for Vessco Water
- J.F. Lehman & Company Closes Continuation Vehicle for PURIS
- OceanSound Partners Closes $1.15 Billion Single-Asset Continuation Transaction in Partnership with Apollo S3 to Support the Continued Growth of SMX
- More Players to Embrace Secondaries in 2024 Amid Liquidity Crunch
- Apollo’s S3 Spearheads $1B-plus Apogem Co-Investment Secondaries Deal
- BPOC Establishes a $425 Million Continuation Fund Co-Led by Apollo S3, Blackstone Strategic Partners and Five Arrows
- AEA Investors SBPE Announces Closing of $384 Million Continuation Fund for Singer Industrial
- Ardian, Blackstone and Apollo S3 Are Top Buyers of $5 Billion Private-Equity Portfolio
Our Team
Partnership- and collaboration-oriented
Experienced leadership and innovative platform
Demonstrated ability to embrace complexity and creativity
Our Breadth
S3's solutions span the entire private markets landscape.
Credit
Mezzanine
Infrastructure
Real Estate
Energy &
Real Assets
Buyouts
Growth &
Venture
“We built S3 from the ground up to provide a holistic platform that marries Apollo’s deep industry insights with a disciplined, partnership-oriented approach to secondaries. Our differentiated model allows us to navigate complex transactions and deliver tailored solutions where others may see only obstacles.”
Steve Lessar
Partner, Co-Head of Apollo Sponsor & Secondary Solutions (S3)
Disclaimer
S3 is part of Apollo’s integrated platform, but operates with additional protocols to provide enhanced information protection. S3’s focus on confidential information segregation and security allows it to operate similarly to peer secondary firms in the market.
