Apollo Invests in $370M Santander Infrastructure Portfolio

Apollo entered a transaction with Spanish bank Banco Santander where Apollo-managed funds and affiliates, led by Apterra, agreed to invest in a $370M portfolio of infrastructure credit.

For the last five years, Apollo has made active efforts to invest in energy and climate solutions, deploying over $40B into energy transition projects and other climate-related investments. The firm plans on deploying $50B in clean energy through 2027 and more than $100B by 2030.

Marcel Patino, global head of private debt mobilization for Santander, explained that such “private debt mobilization” transactions generate additional capital for the bank’s growth, and the deal with Apollo follows closely on a November 26 deal, reported on by Dakota, in which the bank sold a $1B infrastructure loan portfolio to Blackstone.

Source: https://www.apollo.com/institutional/insights-news/pressreleases/2024/12/apollo-and-santander-partner-on-a-370-million-infrastructure-portfolio-financing-2993493

Written By: Dakota

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