New Private-Markets Servicer Set Up by Apollo and Motive Partners

Apollo Global Management and Motive Partners are backing a new private-markets services provider formed by combining Alchelyst and Apollo's Lyra Client Solutions. The new company will offer private-markets fund administration services for institutional investors and wealth advisers, aiming to meet growing investor demands for swift, frictionless, and transparent services. The business will help fund sponsors meet investor demands.

Apollo Global Management and Motive Partners have announced their backing for a new private-markets services provider, formed by combining Alchelyst and Apollo's Lyra Client Solutions. The new entity will focus on providing private-markets fund administration services to institutional investors and wealth advisers, aiming to meet the growing demand for swift, frictionless, and transparent services [1].

The new company aims to help fund sponsors meet investor demands by offering a comprehensive range of services, including fund administration, reporting, and compliance. This strategic partnership is expected to leverage the strengths of both Apollo and Motive, combining their extensive experience in private markets and client solutions.

The formation of this new services provider comes at a time when the private markets sector is witnessing significant growth, driven by increased investor interest in alternative assets. The demand for efficient and transparent fund administration services is on the rise, making this a strategic move for both Apollo and Motive.

Nuveen, a global investment manager, has also been active in the private markets sector. Recently, Nuveen completed its first close with $1.3 billion of initial capital commitments to the Energy & Power Infrastructure Credit Fund II (EPIC II), a $2.5 billion target private credit strategy [2]. This fund aims to provide private infrastructure credit solutions to companies in support of growing energy and power demands, highlighting the broader interest in the sector.

The new private-markets services provider is expected to play a significant role in supporting the growing needs of institutional investors and wealth advisers, offering a robust solution to the complexities of private markets fund administration.

References:
[1] https://www.wsj.com/articles/apollo-and-motive-partners-set-up-new-private-markets-servicer-7dc53363
[2] https://www.morningstar.com/news/pr-newswire/20250813ny49018/nuveen-raises-13-billion-from-global-institutional-investors-for-first-close-of-energy-power-infrastructure-credit-fund