- $3B Financing Commitment: Apollo and Standard Chartered to contribute up to $3 billion for global infrastructure, clean energy, and energy transition projects.
- Strategic Origination Platform: Apterra, Apollo’s platform, to lead debt capital origination, with Standard Chartered holding a minority stake.
- Expanding Clean Energy Investment: Builds on Apollo’s $40B+ investment in energy transition over the past 5 years.
Apollo Global Management and Standard Chartered PLC have entered into a strategic partnership to accelerate financing for infrastructure and renewable energy projects worldwide. The partnership leverages Apollo’s sustainable investment platform, Apollo Clean Transition Capital (ACT Capital), and Standard Chartered’s cross-border banking expertise.
Key Partnership Details:
Under the agreement, the firms plan to provide up to $3 billion in financing across multiple sectors, focusing on infrastructure and clean energy. Apollo’s Apterra platform, specializing in debt capital structuring for global infrastructure transactions, will serve as the primary originator. Standard Chartered has acquired a minority equity stake in Apterra, reinforcing its commitment to expanding sustainable financing.
Leadership Insights:
Jim Zelter, Co-President of Apollo Asset Management, emphasized the demand for capital in next-generation infrastructure and clean power: “The global industrial renaissance is creating unprecedented capital demands. This agreement accelerates our mutual investment activity in these areas, and we are thrilled to partner with Standard Chartered.”
Standard Chartered’s Group Chief Executive, Bill Winters, highlighted the complementary strengths of both firms: “This partnership is an opportunity to leverage our collective expertise to finance sustainable growth. By aligning our capabilities, we can scale financing efforts and participate in larger projects.”
Growth in Clean Energy Financing:
Apollo’s ACT Capital aims to address diverse clean energy capital needs across credit and equities. Over the past five years, Apollo has deployed more than $40 billion into energy transition investments. Samuel Feinstein, Partner and President of ACT Capital, stated: “This partnership accelerates Apollo’s Clean Transition business and strengthens our Infrastructure Credit platform. We welcome Standard Chartered as an equity partner in Apterra, positioning us for expanded collaboration.”
Apterra’s Trajectory:
Founded in 2023, Apterra has completed $4.8 billion in transactions to date. Led by Co-CEOs Ralph Cho and Michael Pantelogianis, the platform is poised for continued growth, bolstered by Standard Chartered’s strategic support.
Related Article: Standard Chartered Launches ESG-Linked Trade Loans to Boost Global Commodity Decarbonization
Global Banking Presence:
Standard Chartered, a leader in infrastructure financing across Asia, Africa, and the Middle East, has a robust renewable energy portfolio. Henrik Raber, Global Head of Global Banking at Standard Chartered, remarked: “This partnership enhances our ability to support infrastructure projects globally alongside our advisory and financing capabilities.”
As part of the agreement, Standard Chartered will provide a senior secured credit facility to ACT Capital for project financing. The financial terms of its minority equity purchase in Apterra were not disclosed. PJT Partners served as exclusive financial advisor to Standard Chartered.
The partnership positions both firms to meet growing global capital needs for sustainable infrastructure and energy transition projects.
Follow ESG News on LinkedIn