Simpson Thacher represents Apollo S3 Private Markets Fund (the “Fund”), a newly organized non-traded, semi-liquid perpetual fund registered as a closed-end investment company under the 1940 Act, in connection with its formation and continuous public offering. The Fund will seek long-term capital appreciation with a predominate focus on private equity (including buyout and growth equity) and private credit strategies, and may opportunistically include select exposures to other private markets strategies, including real assets, infrastructure and venture capital. The Fund expects to invest in private markets principally through traditional LP-led secondary investments and non-traditional secondary investments such as continuation vehicles, GP-led multi-asset secondaries, GP-led direct or single-asset secondaries, portfolio or team spinouts/carveouts, and preferred fund finance solutions.
S3 is Apollo’s Sponsor and Secondary Solutions business, providing a holistic set of financing and liquidity solutions across the yield, hybrid and equity spectrum to asset managers and limited partners. S3 is a natural extension of Apollo’s global investment platform, offering partner-oriented capital across asset classes including private equity, private credit, infrastructure and real estate. S3’s flexible solutions help private market participants meet their strategic goals at a wide range of capital costs.
The Simpson Thacher team included Ryan Brizek, Jessica Patrick, Hadley Dryland and Ariana Bagherian (Registered Funds); Meredith Abrams (Broker-Dealer); and Russell Light, Brian Mendick and Zev Klein (Tax).