REFILE-Schroders, Apollo agree products partnership to target wealthy clients

LONDON, Feb 9 (Reuters) - British money manager Schroders SDR.L and U.S. private equity firm Apollo APO.N said on Monday they had formed a partnership to develop wealth and retirement products, the latest tie-up between asset managers seeking to grow in private markets.

The companies said they would work together to launch new investment products blending public and private fixed income across Schroders, its private markets arm Schroders Capital, and Apollo. The first product is expected later this year.

Schroders said it would also be able to allocate to Apollo funds from its existing client portfolios.