Apollo and Schroder have reached a strategic partnership, planning to launch new investment products targeting wealth and pension clients.

Apollo Global Management and Schroders announced on February 9th that they will collaborate to develop funds targeting wealth and pension clients. Through their strategic partnership, the two companies expect to eventually raise assets amounting to billions of dollars annually. These funds will hold both public and private fixed income assets, with the first product expected to launch later this year. Schroders also has the option to allocate funds from their existing client portfolios to Apollo.