Global giants Schroders and Apollo have announced a strategic partnership to develop a next generation of wealth and retirement solutions aimed at enhancing client choice and outcomes, which will include a collective investment trust (CIT) for the defined contribution market set to launch in Q2 2026.
In a press release today, the two companies said the partnership will combine Schroders’ active management pedigree in public markets and specialist capabilities across private markets, through Schroders Capital, with the expertise of Apollo’s private markets platform focusing on complementary strengths.
“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.”
Apollo CEO Marc Rowan
Today’s announcement also included news of an initiative focusing on expanding Schroders’ UK wealth offerings through new income-focused investment products that combine public and private credit across Schroders, Schroders Capital, and Apollo.
The partnership reflects growing demand globally for hybrid solutions that harness the best of both public and private markets, to help meet growing savings and retirement needs. Successful market testing with potential clients, along with potential flows from existing clients, point to a multi-billion dollar per annum opportunity, today’s release said.
“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,” said Schroders Group Chief Executive Richard Oldfield. “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.”
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 is a $1 trillion+ asset manager, while global asset manager Apollo has about $908 billion of assets under management.
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