# Apolis S.A.M.

Apolis S.A.M. is a Single Family Office based in Monte Carlo, Monaco.

## Overview

- **Organization type:** Single Family Office
- **Headquarters:** Monte Carlo, Monaco
- **Region:** Europe
- **Address:** Monte Carlo, Monaco
- **Founded:** 2017
- **Assets under management:** Undisclosed
- **LinkedIn:** https://mc.linkedin.com/company/apoliscapital

## Regulatory record

- **Reports private funds:** No

## About

Apolis S.A.M. is a Monte Carlo-based single-family office founded and led by Evgeny Denisenko, whose background in investment banking at Sberbank CIB informs the firm's credit-heavy posture. The office operates alongside CIO Ilya Gertsberg, who brought experience from Goldman Sachs and Lazard, and Principal Yulia Denisenko, a former diplomat. The wealth origin is not publicly disclosed, and the family does not market a branded operating company origin story. The firm deploys capital through direct lending and real estate credit, with a geographic reach that spans Europe, North America, and Southeast Asia. Known positions include a residential fix-and-flip portfolio in Milan, a land development loan in Monaco and broader Europe, an Indonesian oil project credit, and a Canadian medical cannabis credit. The strategy blends opportunistic, collateralized lending with niche sector exposure. Evgeny Denisenko participates in the Forbes Finance Council, and the firm maintains memberships in the Urbano Network's Finance and Build communities and the Alternative Credit Council, where it has been an active speaker. These affiliations position Apolis within London and European private credit circles despite its Monaco domicile. Unlike multi-strategy family offices that layer private equity and venture on top of a credit book, Apolis appears structurally committed to lending as its primary engine. The mix of hard-asset-backed European loans, emerging-market resource credit, and regulated US fund commitments reflects a structure where CIO Gertsberg and the Denisenkos can underwrite a Milan apartment renovation with the same rigor as a Southeast Asian energy credit, without the constraints of a formal institutional mandate.

## Sectors

- Private Credit
- Real Estate
- Energy Transition & Renewables
- Healthcare Services
- Secondaries & Special Situations

## People

- Evgeny Denisenko — Managing Principal and Head of Private Investments
- Ilya Gertsberg — Chief Investment Officer
- Yulia Denisenko — Principal
- Alexey Zarochentsev — Team Member

## Questions

### Who runs investment decisions at Apolis S.A.M.?

Evgeny Denisenko oversees the firm as Managing Principal and Head of Private Investments. Ilya Gertsberg, the Chief Investment Officer, leads investment execution and structuring. Yulia Denisenko is also a Principal at the firm, according to official communications.

### Is Apolis S.A.M. structured as a single family office or does it operate more like a private credit fund?

Apolis is structured as a single family office based in Monaco, with the Denisenko family principals at its core. Despite this structure, its direct lending activity—spanning multiple continents and asset types—resembles the work of a specialized private credit manager, albeit without external limited partners.

### How is Yulia Denisenko's foundation related to the family office?

Yulia Denisenko is Principal at Apolis S.A.M. and separately the founder of Yulia's Magic House, her philanthropic initiative. While the exact operational boundary between the two is not publicly detailed, the separation of a principal's charitable foundation from the family office's lending activities is a common governance pattern among single-family offices.

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Last updated: 2026-08-11T02:43:31.692Z

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