The £165 million deal was completed through a joint venture, with Partners Group investing from its real estate secondaries strategy.
The London-based startup aims to address private credit's fund-level liquidity, which remains constrained by available cash and redemption terms.
The deal will support the UK housebuilder's expansion toward 7,000 homes a year, with Apollo retaining control.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
Managed by Fundcraft France and initially distributed exclusively by Rhétorès Finance, the vehicle will combine primary and secondary investments, with monthly subscriptions and quarterly redemptions.
The former Co-Head of Secondaries at Lombard Odier has over two decades of institutional private markets experience across secondaries, private equity, venture capital, and special situations.
