(Bloomberg) -- Apollo Global Management will help OppenheimerFunds push into structured credit, middle-market loans and direct real estate as the private-equity firm expands its strategies to retail investors.

Apollo Credit Management will serve as a “sub-sub-adviser” to the Oppenheimer Global Strategic Income Fund, which had about $6.1 billion as of June 30, the companies said Friday in a statement. Apollo can also invest in insurance-linked securities, or ILS.

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