Apollo and Standard Chartered have announced a strategic partnership aimed at bolstering financing for global infrastructure, clean transition, and renewable energy projects. The collaboration will see the two firms contribute up to $3 billion in financing across various asset classes and sectors.
The origination of this financing will primarily be managed by Apterra, an Apollo-owned platform specializing in infrastructure debt origination. Standard Chartered has acquired a minority stake in Apterra to support its investment activities.
Jim Zelter, Co-President of Apollo Asset Management, commented on the partnership: “The global industrial renaissance is creating unprecedented capital demands across next-gen infrastructure, sustainable power and other transition assets. This new agreement should accelerate our mutual financing and investment activity in these areas, and we are thrilled to do it in partnership with Standard Chartered.”
Bill Winters, Group Chief Executive of Standard Chartered PLC, added: “This partnership with Apollo, a market leader in alternative asset management, is a great opportunity to leverage our collective sector expertise and innovative mindset to help finance sustainable growth.”
Apollo's Clean Transition Capital strategy aims to address diverse clean energy needs across credit and equities. Over the past five years, Apollo has invested more than $40 billion into energy transition initiatives.
Samuel Feinstein of Apollo expressed optimism about the collaboration: “We believe this partnership with Standard Chartered will serve as a significant accelerant to the growth of Apollo’s Clean Transition business.”
Apterra has executed over $4.8 billion in transactions since its founding in 2023. The firm is led by Ralph Cho and Michael Pantelogianis as co-CEOs.
Standard Chartered is recognized as one of the leading infrastructure lenders globally with strong involvement in renewables. Henrik Raber from Standard Chartered remarked on the partnership's potential: “With the global growth in infrastructure financing...we are delighted to partner with ACT Capital.”
Standard Chartered will also provide a senior secured credit facility to ACT Capital for project finance loans. The financial terms regarding its minority equity interest purchase in Apterra remain undisclosed.
PJT Partners served as exclusive financial advisor to Standard Chartered for this transaction.