Apollo S3
Apollo's sponsor-solutions arm: NAV loans, GP lending, secondaries.
Fund FinanceProgramGlobal
Target market
Private-markets sponsors and LPs across asset classes
Geography
Global
Overview
Apollo S3 (Sponsor and Secondary Solutions), launched in 2022 with a cornerstone commitment from ADIA, provides NAV-based fund finance, GP and management-company lending, preferred equity and LP-interest secondaries to private-markets sponsors and investors. Its flagship equity and hybrid solutions fund closed at approximately $5.4B in 2025.
Key facts
- Launched in August 2022 with ADIA as cornerstone investor
- Closed debut S3 Equity and Hybrid Solutions Fund at ~$5.4B (2025)
- Spans lending and equity solutions across the fund lifecycle
- Led by co-heads Steve Lessar, Veena Isaac and Konnin Tam