Apollo Forms $3B Infrastructure Financing Partnership with StanChart

Apollo is linking up with Standard Chartered PLC in a $3B infrastructure financing partnership that will also see the international bank take a minority stake in Apollo’s debt origination platform Apterra.

The firms announced the joint venture that will contribute up to $3B in clean energy and transition financing, with investment opportunities to be identified and developed primarily through Apterra. Standard Chartered will provide a senior secured credit facility to Apollo’s sustainable investing platform Apollo Clean Transition Capital, and in turn acquire a minority stake in Apterra, a transaction for which terms were not disclosed by the companies. PJT Partners served as financial advisor to Standard Chartered in the transaction.

Following the deal, Apollo Asset Management Co-President Jim Zelter said the partnership will boost the firms’ mutual financing and investment activity in next-gen infrastructure, sustainable power, and other transition assets in a global market that is “creating unprecedented capital demands” across those sectors. Apollo said that it has invested more than $40B in energy and climate-related projects over the past five years. As of September 30, 2024, the global asset manager oversees approximately $733B in total AUM.

Written By: Dakota

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Apollo Forms $3B Infrastructure Financing Partnership with StanChart

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