Schroders and Apollo to deliver next generation investment solutions in ambitious multi-channel partnership

Schroders (LON: SDR) and Apollo (NYSE: APO) announced a strategic multi‑channel partnership on Feb 9, 2026 to develop hybrid public‑and‑private market wealth and retirement solutions.

Rhea-AI Summary

Schroders (LON: SDR) and Apollo (NYSE: APO) announced a strategic multi‑channel partnership on Feb 9, 2026 to develop hybrid public‑and‑private market wealth and retirement solutions. Key items: a UK product launching later in 2026, a US Collective Investment Trust targeted for Q2 2026, and an ambition for multi‑billion dollar annual flows.

The partnership pools Schroders’ public markets and Schroders Capital private capabilities with Apollo’s private markets and alternative credit scale to offer enhanced income and diversification across the credit spectrum.

Positive

• Collective Investment Trust targeted for launch in Q2 2026
• First joint product expected to launch later in 2026
• Schroders reported >$1 trillion assets under management
• Apollo manages approximately $908 billion of assets under management
• Schroders Capital manages more than $38 billion in private debt and credit alternatives
• Partnership cites a multi‑billion dollar per annum market opportunity

Negative

• No committed or contractually guaranteed multi‑billion flows disclosed; described as potential
• Key product availability and commercial scale depend on future launches and client adoption in 2026

Argus Feb 9 session

+0.69% close to close Open Argus

Details

News Market Reaction – APO

In the Feb 9 session, APO gained 0.69%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details a broad strategic partnership between Apollo and Schroders targeting UK we...

Analysis

This announcement details a broad strategic partnership between Apollo and Schroders targeting UK wealth and US retirement channels, including a new Collective Investment Trust expected in Q2 2026. It underscores Apollo’s ongoing use of collaborations to broaden access to private and hybrid income solutions, supported by its roughly $908 billion AUM and Schroders’ $1,064.2 billion AUM. Investors may watch forthcoming product launches, actual flow levels, and any follow-on regulatory or capital-markets actions tied to this initiative.

Key Figures

Apollo AUM: $908 billion Schroders Group AUM: $1,064.2 billion Schroders AUM (GBP): £776.6 billion +5 more

Apollo AUM

$908 billion

Assets under management referenced in partnership release

Schroders Group AUM

$1,064.2 billion

Assets under management at 30 June 2025

Schroders AUM (GBP)

£776.6 billion

Assets under management at 30 June 2025

Schroders Capital AUM

$111 billion

Private markets platform AUM as of 30 June 2025

Private debt & credit AUM

more than $38 billion

Schroders Capital private debt and credit alternatives

Schroders market cap

circa £6 billion

Market capitalisation noted in company description

Employees

over 5,800

Schroders headcount across global locations

Global locations

38 locations

Number of locations where Schroders operates

Previous Partnership Reports

5 past events · Latest: Nov 24

Same Type 5 events

1. Nov 24

   Retail access partnership

   24h Move

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   Collaboration to distribute Bridge-managed vehicles via Axxes retail platform.

2. Nov 19

   Energy development tie-up

   24h Move

   +2.3%

   Strategic partnership to finance and develop U.S. battery and generation projects.

3. Sep 08

   Grid JV commitment

   24h Move

   +2.2%

   €3.2B JV with RWE backing Amprion stake and German grid expansion.

4. Jun 05

   Renewables partnership

   24h Move

   -0.0%

   Strategic Smart Solar partnership focused on agrivoltaics and land use.

5. Apr 11

   Commercial solar JV

   24h Move

   +1.6%

   Apollo funds commit up to $400M in new commercial solar venture.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

collective investment trust, defined contribution pension market, private markets, fixed income, +4 more

8 terms

collective investment trust financial

"a Collective Investment Trust for the defined contribution pension market"

A collective investment trust is a pooled investment vehicle run by a bank or trust company that gathers money from multiple retirement plans and invests it as a single fund, similar to a neighborhood carpool combining individual trips into one vehicle to save cost. Investors care because pooling lowers fees and simplifies access to diversified strategies for retirement accounts, but these trusts are regulated differently and may have less disclosure than mutual funds.

defined contribution pension market financial

"a Collective Investment Trust for the defined contribution pension market"

A defined contribution pension market is the collection of retirement accounts and financial products where people or employers put in fixed contributions over time and the retirement payout depends on how those contributions are invested. Think of it like many individual shopping carts filled with investments whose final value depends on market returns; its size and investment choices matter to investors because it creates large, steady demand for stocks, bonds and funds and influences fee structures and capital flows across markets.

private markets financial

"specialist capabilities across private markets, through Schroders Capital"

Private markets are places where investors buy and sell ownership in companies, debt, or assets that are not listed on public stock exchanges — think direct stakes in a start-up, private company, real estate project, or loan. They matter to investors because these deals can offer higher potential returns and diversification but come with less transparency, limited ability to sell quickly, and more uncertainty, like owning a whole house versus trading shares of a real estate fund.

fixed income financial

"blending public and private market fixed income exposures from across Schroders"

Fixed income is a type of investment where you lend money to an entity — like a government, city, or company — in exchange for regular, scheduled interest payments and return of your principal at a set date. Think of it like lending a friend cash with an agreed payment plan: it typically provides steadier, more predictable income and less price swings than stocks, making it useful for income generation, capital preservation, and balancing risk in a portfolio.

View in glossary

credit spectrum financial

"excess return per unit of risk across the full credit spectrum"

A credit spectrum is the full range of credit quality among borrowers or debt instruments, from safest (least likely to default) to riskiest (most likely to default). Investors use it like a heat map to decide where to place money—safer spots offer lower returns but less chance of loss, while riskier spots can pay more but carry higher chance of default. Understanding the spectrum helps balance return versus risk in a portfolio.

assets under management financial

"with £776.6 billion (€906.6 billion; $1064.2 billion) of assets under management"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

evergreen structures financial

"spearheading the growth of LTAFs and evergreen structures that enable more investors"

Evergreen structures are financial setups that do not have a fixed end date and allow funds, credit lines, or securities to be renewed or reinvested indefinitely, much like a rechargeable battery that can be topped up and used again. They matter to investors because they change expectations about liquidity, timing of returns and exits, and how cash is managed — meaning investments may be held longer, distributions can be intermittent, and valuation or access to capital can differ from time‑bound arrangements.

alternative credit financial

"operates one of the world’s largest alternative credit businesses"

Alternative credit is lending and debt investment that comes from non‑traditional sources outside big banks and public bond markets, such as private loans, marketplace lending, and specialty finance. It matters to investors because it can offer higher returns and help diversify a portfolio, but typically carries greater credit risk, less transparency and liquidity—think of it as lending to a small business or neighbor instead of parking money in a savings account.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Innovative partnership leverages the best of Schroders and Apollo to deliver improved client outcomes, with ambition to reach multi-billion-dollar annual flows across both new and existing clients

LONDON and NEW YORK, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Schroders (LON: SDR) and Apollo (NYSE: APO) today announce a strategic partnership to develop a next generation of innovative wealth and retirement investment solutions aimed at enhancing client choice and outcomes.

The partnership brings together two global leaders, combining 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.

Key initiatives include accelerating and deepening the firms’ offering in the UK wealth market, through the co-creation of new investment products blending public and private market fixed income exposures from across Schroders, Schroders Capital and Apollo. These will seek to provide enhanced income solutions for UK wealth clients, with improved diversification and excess return per unit of risk across the full credit spectrum. The first product is expected to launch later this year. In addition, Schroders will have the opportunity to allocate to Apollo from certain existing client portfolios, with a focus on capabilities that complement Schroders Capital and with the potential to improve client outcomes.

Meanwhile in the US, a Collective Investment Trust for the defined contribution pension market is being prepared for launch in Q2 2026, combining complementary exposures across 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.

Schroders Group Chief Executive, Richard Oldfield, 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.

“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 with a deep heritage in public equities and fixed income, and with extensive private market capabilities through Schroders Capital, including across the universe of private debt and credit alternatives where the firm manages more than $38 billion on behalf of clients. In the UK wealth market, Schroders has established itself as a true market leader, spearheading the growth of LTAFs and evergreen structures that enable more investors to benefit from the robust returns and diversification benefits private markets can offer.

Apollo is a leading global asset management and retirement services business. It has approximately $908 billion of assets under management and operates one of the world’s largest alternative credit businesses with a significant focus on private investment grade credit origination.

For further information, please contact: Andy Pearce, Head of Media Relations	+44 20 7658 2203	Andy.Pearce@Schroders.com
Jennifer Manser, Head of Corporate Communications and Business Management, North America	+1 (212) 632-2947	jennifer.manser@schroders.com
For Apollo: Noah Gunn Global Head of Investor Relations +1 (212) 822-0540 IR@apollo.com
Joanna Rose Global Head of Corporate Communications +1 (212) 822-0491 Communications@apollo.com / EuropeanMedia@apollo.com

Note to Editors

To view the latest press releases from Schroders visit: https://www.schroders.com/en/global/individual/media-centre/

Schroders plc

Schroders is a global investment manager which provides active asset management, wealth management and investment solutions, with £776.6 billion (€906.6 billion; $1064.2 billion) of assets under management at 30 June 2025. As a UK listed FTSE100 company, Schroders has a market capitalisation of circa £6 billion and over 5,800 employees across 38 locations. Established in 1804, Schroders remains true to its roots as a family-founded business. The Principal Shareholder Group continues to be a significant shareholder, holding approximately 44% of the issued share capital.

Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies. The company offers innovative products and solutions through four core business divisions: Public Markets, Solutions, Wealth Management, and Schroders Capital, which focuses on private markets, including private equity, renewable infrastructure investing, private debt & credit alternatives, and real estate.

Schroders aims to provide excellent investment performance to clients through active management. This means directing capital towards resilient businesses with sustainable business models, consistently with the investment goals of its clients. Schroders serves a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.

Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.

Schroders Capital
Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customised private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customised private market mandates. The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterised by performance, collaboration and integrity.

With $111 billion (£81 billion; €94.5 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitised products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists).

*Assets under management as at 30 June 2025 (including non-fee earning dry powder and in-house cross holdings)

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of September 30, 2025, Apollo had approximately $908 billion of assets under management. To learn more, please visit www.apollo.com.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Apollo (NYSE: APO) and Schroders announce on February 9, 2026?

They announced a strategic partnership to co‑develop hybrid wealth and retirement solutions. According to Schroders and Apollo, the deal aims to blend public and private market fixed income to enhance income and diversification for UK and US clients, with initial product launches in 2026.

When will the Apollo (APO) and Schroders Collective Investment Trust for US defined contribution plans launch?

The Collective Investment Trust is being prepared for a Q2 2026 launch. According to the companies, it will combine complementary exposures across Schroders Capital and Apollo targeting defined contribution pension markets in the US.

What product launches should investors expect from the Schroders‑Apollo partnership in 2026?

Investors should expect a UK income product later in 2026 and a US CIT in Q2 2026. According to Schroders and Apollo, the offerings will blend public and private credit exposures to target improved income and diversification.

How large is the market opportunity cited by Apollo (APO) and Schroders for their partnership?

The firms cite a potential multi‑billion dollar per annum opportunity for flows. According to Schroders and Apollo, successful market testing and potential existing client allocations underpin that ambition, though specific committed flows were not disclosed.