Apollo Global Management and Standard Chartered PLC have announced a strategic partnership aimed at enhancing financing for global infrastructure and clean energy projects. This collaboration will leverage both firms' strengths in origination and distribution to mobilize up to $3 billion for clean energy and transition financing across various asset classes.

The partnership will primarily utilize Apterra, an Apollo-owned platform focused on infrastructure debt origination. Standard Chartered has acquired a minority stake in Apterra, which will enhance its investment origination capabilities. Jim Zelter, Co-President of Apollo Asset Management, emphasized the growing capital demands in next-generation infrastructure and sustainable power, highlighting the importance of this partnership in meeting those needs.

Bill Winters, Group Chief Executive of Standard Chartered, noted that the collaboration will allow both firms to combine their expertise and resources to finance sustainable growth. The partnership aims to expand geographical coverage and mobilize capital for critical sectors of the global economy.

Apollo's Clean Transition Capital strategy is designed to address a wide range of clean energy and climate-related capital needs. Over the past five years, Apollo has invested more than $40 billion in energy transition projects, anticipating significant future demand for capital in this area. Samuel Feinstein, President of ACT Capital, expressed confidence that the partnership will accelerate Apollo's Clean Transition business and support its broader Infrastructure Credit platform.

Apterra, founded in 2023, has already executed over $4.8 billion in transactions and is poised for further growth with Standard Chartered's support. The platform is led by experienced industry professionals and aims to provide innovative financing solutions for infrastructure projects.

Standard Chartered, a leading international bank, has a strong presence in infrastructure lending across Asia, Africa, and the Middle East. The partnership with Apollo is expected to enhance its capabilities in the renewable energy sector. Henrik Raber, Global Head of Global Banking at Standard Chartered, expressed enthusiasm for collaborating with ACT Capital and Apterra to meet the growing demand for infrastructure financing.

As part of the agreement, Standard Chartered will provide a senior secured credit facility to ACT Capital for project finance and infrastructure loans. The financial terms of Standard Chartered's minority equity stake in Apterra have not been disclosed.

Apollo is recognized as a high-growth global alternative asset manager, with approximately $733 billion in assets under management as of September 30, 2024. The firm focuses on delivering excess returns across various investment strategies, including private equity and credit. Through its retirement services business, Athene, Apollo aims to help clients achieve financial security.

Standard Chartered operates in 52 dynamic markets and is committed to driving commerce and prosperity through its diverse offerings. The partnership with Apollo represents a significant opportunity to enhance financing for sustainable infrastructure projects, aligning with both firms' strategic growth objectives.