Apollo S3 Private Markets Fund
Data through 2026-03-31 · latest filing N-CSR filed 2026-06-02
Sponsored by Apollo. Tender-Offer Fund structure focused on private equity.
Tender-Offer FundPrivate Equity
- Net assets
- $470.0M
source
Shareholder report (Form N-CSR) · filed 2026-06-02 · period 2026-03-31
per-class statement blocks (V5 family, non-FS filer agent)
“Class I: NA $331,578,320 (x1), 10,626,163 sh, NAV $31.20 | Class I2: NA $138,432,644 (x1), 4,436,380 sh, NAV $31.20”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
as of 2026-03-31 - NAV / share
- $31.20
source
Shareholder report (Form N-CSR) · filed 2026-06-02 · period 2026-03-31
per-class statement blocks (V5 family, non-FS filer agent), Class I
“Class I: NA $331,578,320 (x1), 10,626,163 sh, NAV $31.20 | Class I2: NA $138,432,644 (x1), 4,436,380 sh, NAV $31.20”
Method Matched text template against the filing
Open the filing on SEC.gov · Full observation history
Technical locator
Filed fund value · as of 2026-03-31 - Net flows, last qtr
- +6.7% qtr ended 2026-03-31
- Distribution coverage
- Not reported Private-equity distributions are episodic and realization-driven.
- Total return, 12m
- Pending SEC-filed periodic NAV + distributions
What changed in the latest filings.
Current findings ordered by severity. Each observation remains traceable to its filed source.
No current red or yellow flags in filings reviewed through 2026-07-31.
How the fund has moved.
Net asset value, total return, capital flows, and distribution coverage across the filing record.
Filed performance
| Window | Class | Basis | Return | Source |
|---|---|---|---|---|
| 2025-04-01 to 2026-03-31 | Class I | at NAVFiled return footnote | +14.46% | SEC source 0001193125-26-253870 |
| 2025-04-01 to 2025-09-30 | Class I | basis not stated in the filed rowFiled return footnote | +6.53% | SEC source 0001193125-25-304008 |
| 2024-10-11 to 2025-03-31 | Class I | basis not stated in the filed rowFiled return footnote | +9.21% | SEC source 0001193125-25-135008 |
Monthly performance eligibility
Canonical class: Class I · basis: no qualifying monthly chain · qualifying history: 0 months.
What moved inside the book.
Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.
| Date | Position change |
|---|---|
| 2025-12-31 | New position BP Ace CV, L.P.: 1.2% of portfolio value ($4,868,875) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position BSP Equinox Investors Feeder (Offshore) L.P.: 10.2% of portfolio value ($42,536,360) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position CVC Capital Partners Locron (A) SCSp: 3.3% of portfolio value ($13,599,153) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position FTAI Aircraft Leasing Offshore SPV (2025) L.P.: 1.4% of portfolio value ($5,805,452) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position Golden Gate Capital Opportunity Fund-A, LP: 3.1% of portfolio value ($12,937,342) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position Iaso Fund, L.P.: 1.5% of portfolio value ($6,210,251) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position Kinderhook Capital Waste CV, L.P.: 1.7% of portfolio value ($7,236,762) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position NewView Capital Portfolio Select 2025, L.P.: 1.1% of portfolio value ($4,566,050) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position Riverstone Iris Continuation Fund, L.P.: 2.2% of portfolio value ($9,099,676) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position Stone Point CV, L.P.: 1.0% of portfolio value ($4,319,449) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-12-31 | New position TDR Capital Titan L.P.: 2.4% of portfolio value ($10,025,382) as of 2025-12-31; absent from the 2025-09-30 report. |
| 2025-09-30 | New position Blue Owl GP Stakes Atlas Fund III Offshore Investors LP: 1.5% of portfolio value ($5,000,000) as of 2025-09-30; absent from the 2025-06-30 report. |
Where exit demand met the cap.
Stated cap: 5% of shares/quarter. The disclosed history shows no rationed period.
| Period | Requested | Filled | Cap used | Status |
|---|---|---|---|---|
| 2026-03-16 | 0.8% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2026-05-04 · period 2026-03-16 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 16% | filled |
| 2025-12-15 | 0.1% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2026-02-10 · period 2025-12-15 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 2% | filled |
| 2025-09-15 | 0.03% of shares
sourceTender offer statement, amended (Schedule TO-I/A) · filed 2025-11-06 · period 2025-09-15 tender_shares_requested_pct_outstanding (unified redemption view) Method Derived: computed from other stored facts Open the filing on SEC.gov · Full observation history Technical locator | 100% | 1% | filled |
How the balance sheet is funded.
Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.
Pending
How the offering is divided.
A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.
Not attributed 100.0%
| Class | Terms-based role description | Load | Servicing | Minimum | Assets |
|---|---|---|---|---|---|
| Class I | Pending | Pending | Pending | Pending | Pending |
Management fee: 1.50% of net assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001193125-26-253870.
Filed fee conditions
Pursuant to the Advisory Agreement, the Fund will pay the Adviser an annual rate of 1.50% based on the value of the Fund's net assets, calculated and accrued monthly as of the last business day of each month, prior to inclusion of the Management Fee itself and prior to any reduction for the Fund's other fees and expenses for that month.
Canonical-class fee profile
| Class | Management | Incentive | Load | Servicing | Gross expenses | Net expenses |
|---|---|---|---|---|---|---|
| Class I | 1.50% | None
*
None. The standardized prospectus fee table contains no incentive/performance-fee line. SEC source 0000950123-25-006689 |
Pending | Pending | 3.38%filed basis*Filed label: Expenses excluding fee waivers and reimbursements (d); period 2026-03-31. before/excluding fee relief (explicit filing row); waiver state: before / excluding disclosed support. SEC source 0001193125-26-253870 |
2.28%filed basis*Filed label: Expenses including fee waivers and reimbursements (d); period 2026-03-31. After waiver: not separately stated; interest: not separately stated; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001193125-26-253870 |
Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.
The evidence beneath the page.
Filed terms and recent documents remain available without crowding the primary research flow.
Term register (2)
| Term | Description | Value | Effective |
|---|---|---|---|
| advisory_fee_schedule | Pursuant to the Advisory Agreement, the Fund will pay the Adviser an annual rate of 1.50% based on the value of the Fund's net assets, calculated and accrued monthly as of the last business day of each month, prior to inclusion of the Management Fee itself and prior to any reduction for the Fund's other fees and expenses for that month. | 1.5 pct_annual_of_net_assets | Pending |
| repurchase_program_terms | Discretionary quarterly tender offer program: the Fund's Schedule TO offers have consistently stated up to 5% of Shares outstanding per quarter (most recently confirmed 2026-06-15). Apollo S3 Private Markets Fund | 5.0 pct_of_shares_outstanding_per_quarter | Pending |
Recent filings
| Filed | Form | Accession |
|---|---|---|
| 2026-06-02 | N-CSR | 0001193125-26-253870 |
| 2026-05-29 | NPORT-P | 0001410368-26-056058 |
| 2026-05-15 | SC TO-I | 0001193125-26-226832 |
| 2026-05-04 | SC TO-I/A | 0001193125-26-204087 |
| 2026-02-27 | NPORT-P | 0001410368-26-020215 |
| 2026-02-13 | SC TO-I | 0001193125-26-051365 |
| 2026-02-12 | 424B3 | 0001193125-26-048677 |
| 2026-02-10 | SC TO-I/A | 0001193125-26-044678 |
| 2025-12-01 | N-CSRS | 0001193125-25-304008 |
| 2025-11-26 | NPORT-P | 0001410368-25-031865 |
| 2025-11-14 | SC TO-I | 0001193125-25-282883 |
| 2025-11-06 | SC TO-I/A | 0001193125-25-269570 |
| 2025-08-27 | NPORT-P | 0001752724-25-208399 |
| 2025-08-15 | SC TO-I | 0001193125-25-181861 |
| 2025-07-28 | 486BPOS | 0000950123-25-006689 |