Apollo Accord+ Strategy: $8.5B Raise & Credit Secondaries Growth
Apollo’s Accord+ strategy has secured a massive $8.5 billion, injecting important capital into the private credit adn credit secondaries markets, as detailed in this News Directory 3 update.This substantial commitment, including $4.8 billion for accord+ Fund II, signals robust expansion within opportunistic credit investments. Fund II focuses on high-quality investments and secondary opportunities, attracting support from global institutional investors. The growing interest in private credit is fueled by tighter lending standards, driving capital into innovative debt secondaries. Explore how Apollo’s strategic moves are reshaping the financial landscape and influencing key players in the credit markets. Discover what’s next …
Apollo’s $8.5B Investment Fuels Credit Secondaries Market Growth
Updated May 31, 2025
Apollo has garnered $8.5 billion in commitments for its Accord+ strategy, signaling significant growth in the private credit market. This includes $4.8 billion for Accord+ Fund II, along with separately managed accounts. Apollo’s total hybrid credit business assets now stand at approximately $40 billion.
Accord+ Fund II will concentrate on opportunistic credit investments within private corporate credit and asset-backed finance.The fund aims for high-quality, top-of-capital-structure investments and secondary opportunities, drawing support from pension funds, sovereign wealth funds, financial institutions, and family offices worldwide.
“as rates stay higher-for-longer and volatility impacts capital flows, we see an attractive market for opportunistic credit investments, alongside our highest-conviction themes,” said Chris Lahoud, partner and head of Opportunistic Credit at Apollo.
The law firm Paul, weiss, Rifkind, Wharton & Garrison LLP provided legal counsel to Apollo for the closing of Accord+ II Fund.
The private credit landscape is evolving as banks tighten lending standards,leading to increased capital flow into debt secondaries. earlier in April, Coller Capital acquired a $1.6 billion senior direct lending portfolio from American National, marking it as a major LP-led direct lending secondaries transaction.
Pantheon has also been active in 2025,closing its Senior Debt III and related vehicles at $5.2 billion. They’ve tapped into private wealth by purchasing stakes in Decalia Private Credit Strategies I from Edmond de Rothschild and expanding its Pantheon Global Credit Secondaries Fund to clients in EMEA,latin America,Asia Pacific,and Australia.
Other firms are also capitalizing on secondaries and co-investment opportunities. J.P. Morgan Asset Management has launched its inaugural JPMorgan credit Markets Fund, and AlpInvest Partners closed its Strategic Portfolio Finance Fund at $3.2 billion.
What’s next
With significant capital injections and increasing activity in credit secondaries, the trend suggests continued growth and competition in the private credit market. Investors can anticipate further innovation and opportunities in opportunistic credit investments.