Product intelligence
The same question from an adviser and from a sales desk gets two different answers — by policy, not by judgement.
The facts are identical and come from one record. What differs is what the asker is entitled to see, what their jurisdiction permits, and which language has been cleared for their channel. That gate is applied before the answer is composed, so nothing has to be taken back afterwards.
Enquiries answered / 24h
1,884
61% external, 39% internal
From a cited source
100%
no source, no answer
Gated or redacted
46
jurisdiction, channel or class
Median time to answer
4.1s
was 2.3 days by email
“A client wants private credit income inside a SIPP. Can they hold the Global Diversified Credit ELTIF, and what actually happens to their money if they ask for it back in a bad quarter?”
distribution.answer6 SOURCES · ALL IN DATEcomposed in 4.1sYes, within limits. The fund is an ELTIF 2.0 and is available to UK retail investors through a discretionary adviser, which is your permission [1]. A SIPP wrapper is supported by the two platforms you hold client assets on [2]. Minimum initial subscription is £10,000 with no suitability carve-out for the SIPP itself — your own suitability rules still govern.
On redemption, be precise with the client: the fund deals quarterly, not on demand. Requests are met from the liquidity sleeve first [3]. If total requests in a quarter exceed the dealing capacity, every request in that quarter is scaled back by the same proportion and the unfilled part does not roll forward — it must be resubmitted [4]. That is the sentence advisers most often get wrong, so it is worth saying to the client in those words.
What I did not include, and why
- Underlying borrower namesposition-level detail is internal and institutional-client only
- Indicative forward yieldnot cleared for retail-facing use in the UK
- Secondary transfer pricingthe asker is not entitled to the secondary desk record
Where each sentence came from
A source that is out of date takes its sentence out of the answer, not the other way round.
| # | Source | Version | Effective | Owner |
|---|---|---|---|---|
| 1 | ELTIF 2.0 prospectus — UK retail distribution annex | v4.2 | 1 Jul 2026 | Legal |
| 2 | Platform availability matrix — UK | v2026.36 | 4 Sep 2026 | Distribution |
| 3 | Liquidity management policy — semi-liquid vehicles | v3.0 | 12 May 2026 | Product ops |
| 4 | Dealing and gating mechanics — investor summary | v1.8 | 1 Jul 2026 | Product ops |
| 5 | Approved adviser language set — UK retail | v9.1 | 28 Aug 2026 | Compliance |
| 6 | Share class and minimum subscription register | live | today | Fund ops |
Apollo Global Diversified Credit ELTIF
Global multi-asset credit — direct lending, private IG and asset-backed finance
- Structure
- ELTIF 2.0, open-ended, Luxembourg
- Strategy
- Global diversified credit
- Income profile
- Senior secured, floating rate
- Dealing
- Quarterly, with a pro-rata gate
- Valuation cadence
- Monthly, daily estimate from 1 Oct
- UK retail access
- Permitted via discretionary adviser
- Minimum initial
- £10,000
- Cleared materials
- Factsheet, adviser guide, KID
Entitlement resolved before answering
Six checks, run against this asker, on this product, in this jurisdiction.
- Partner agreement in forcepass
- Adviser permissions cover the classpass
- Product registered in jurisdictionpass
- Channel cleared for this languagepass
- Position-level detail entitlementwithheld
- Secondary desk recorddenied
The same enquiry from a German platform desk would fail check four and return a registration answer instead. That refusal is logged as an answer, not as an error.
Gaps the answer layer knows it has
Raised as product work, not hidden behind a hedge.
Regional tax reporting for two EU intermediaries is not yet in the record
raised with tax — 31 enquiries hit this in the last fortnight
Adviser-facing stress illustration has no cleared version
in drafting with compliance, due 26 Sep
SIPP eligibility is confirmed for two platforms, unknown for four
platform matrix refresh scheduled weekly