Apollo (NYSE: APO) and Standard Chartered PLC today announced a
long-term strategic partnership to support and accelerate financing
for infrastructure, clean transition and renewable energy globally,
leveraging the leading origination and distribution capabilities of
both firms.
As part of the agreement, Standard Chartered and
Apollo Clean Transition Capital (“ACT Capital”), a sustainable
investing platform, plan to contribute up to US$3 billion of clean
energy and transition financing across a range of asset classes and
sectors.
Origination for the partnership’s financing
activities will be primarily undertaken by Apterra, an Apollo-owned
platform that focuses on originating, structuring and deploying
debt capital to execute infrastructure transactions globally.
Standard Chartered has acquired a minority stake in the platform
and will support its investment origination.
Jim Zelter, Apollo Asset Management
Co-President, said, “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, an important and long-time
banking partner to Apollo’s franchise.”
Bill Winters, Group Chief Executive,
Standard Chartered PLC said, “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. Standard
Chartered and Apollo have complementary origination and
distribution capabilities, which increase the scale of the
financing we can jointly deploy, and the size of the projects in
which we can participate. We are very pleased to build on our
long-term partnership with Apollo to both expand our existing
geographical coverage and mobilise capital to these critical parts
of the global economy.”
More Partnership Details
Apollo’s Clean Transition Capital strategy seeks
to meet a wide range of clean energy and climate capital needs
across credit and equities. Over the past 5 years, Apollo has
deployed more than US$40 billion1 into energy transition and
climate-related investments and believes the demand for capital in
these areas will scale materially in the coming years.
Samuel Feinstein, Apollo Partner and
President of ACT Capital, said, “We believe this
partnership with Standard Chartered will serve as a significant
accelerant to the growth of Apollo’s Clean Transition business and
support its broader Infrastructure Credit platform, which are
critical components of our firm’s strategic growth plans. We are
equally pleased to welcome Standard Chartered as an aligned equity
partner in the growing Apterra platform and believe we can expand
our work together over time to serve the evolving needs of our
global client bases. Collectively, ACT Capital and Apterra
represent significant opportunities for Apollo and Standard
Chartered to access climate and infrastructure credit.”
Apterra, an Apollo affiliate founded in 2023,
has executed more than US$4.8 billion of transactions and is
positioned to increase its already robust growth trajectory with
the strategic equity support of Standard Chartered. Apterra is led
by industry veterans Ralph Cho, co-CEO, and Michael Pantelogianis,
co-CEO, alongside a highly experienced management team.
Standard Chartered, one of the world’s leading
cross-border and wealth management banks, is among the top
infrastructure lenders in Asia, Africa and the Middle East, with a
strong and growing presence in the renewables sector.
Henrik Raber, Global Head, Global
Banking at Standard Chartered, said: “With the global
growth in infrastructure financing, and our strong presence in the
sector, we are delighted to partner with ACT Capital, participate
in Apterra and collaborate with the Apollo team. This is an
exciting opportunity alongside our existing advisory and financing
capabilities.”
As part of the partnership, Standard Chartered
will provide a senior secured credit facility to ACT Capital to
fund project finance and infrastructure loans. Financial terms for
Standard Chartered’s purchase of a minority equity interest in
Apterra are not disclosed. PJT Partners acted as exclusive
financial advisor to Standard Chartered.
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1. As of June 30, 2024. Deployment commensurate with Apollo’s
proprietary Climate and Transition Investment Framework, which
provides guidelines and metrics with respect to the definition of a
climate or transition investment. Reflects (a) for equity
investments: (i) total enterprise value at time of signed
commitment for initial equity commitments; (ii) additional capital
contributions from Apollo funds and co-invest vehicles for
follow-on equity investments; and (iii) contractual commitments of
Apollo funds and co-invest vehicles at the time of initial
commitment for preferred equity investments; (b) for debt
investments: (i) total facility size for Apollo originated debt,
warehouse facilities, or fund financings; (ii) purchase price on
the settlement date for private non-traded debt; (iii) increases in
maximum exposure on a period-over-period basis for publicly-traded
debt; (iv) total capital organized on the settlement date for
syndicated debt; and (v) contractual commitments of Apollo funds
and co-invest vehicles as of the closing date for real estate debt;
(c) for SPACs, the total sponsor equity and capital organized as of
the respective announcement dates; (d) for platform acquisitions,
the purchase price on the signed commitment date; and (e) for
platform originations, the gross origination value on the
origination date.
About Apollo
Apollo is a high-growth, global alternative asset manager. In
our asset management business, we seek to provide our clients
excess return at every point along the risk-reward spectrum from
investment grade credit to private equity. For more than three
decades, our investing expertise across our fully integrated
platform has served the financial return needs of our clients and
provided businesses with innovative capital solutions for growth.
Through Athene, our retirement services business, we specialize in
helping clients achieve financial security by providing a suite of
retirement savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of September 30, 2024, Apollo had
approximately USD $733 billion of assets under management. To learn
more, please visit www.apollo.com.
About Standard Chartered
We are a leading international banking group, with a presence in
52 of the world’s most dynamic markets. Our purpose is to drive
commerce and prosperity through our unique diversity, and our
heritage and values are expressed in our brand promise, here for
good.
Standard Chartered PLC is listed on the London and Hong Kong
stock exchanges.
For more stories and expert opinions please visit Insights at
sc.com. Follow Standard Chartered on X, LinkedIn, Instagram and
Facebook.
About Apterra
Apterra, an affiliate of Apollo Global Management, is a premier
platform specializing in innovative financing solutions for
infrastructure projects. Our tailored capital services empower
clients, including financial sponsors and developers, to optimize
assets and achieve sustainable growth. Fuelled by strong
relationships, our distribution network ensures seamless access to
capital through partnerships with banks, investors, and asset
managers. We are focused on driving growth and operational
integrity in the infrastructure sector, while creating enduring
value for our clients. Visit www.Apterra.com to learn more.
Apollo Contacts
Noah GunnGlobal Head of Investor RelationsApollo Global
Management, Inc.(212) 822-0540IR@apollo.com
Joanna RoseGlobal Head of Corporate CommunicationsApollo Global
Management, Inc.(212) 822-0491Communications@apollo.com
Standard Chartered Contacts
Piers TownsendGlobal Head of Communications, Corporate &
Investment BankingStandard
CharteredPiers.townsend@sc.com+6590059067
Shaun GambleDirector, Group Media RelationsStandard
CharteredShaun.gamble@sc.com+442078855934
Apollo Global Management (NYSE:APO)
過去 株価チャート
から 12 2024 まで 1 2025
Apollo Global Management (NYSE:APO)
過去 株価チャート
から 1 2024 まで 1 2025