Apollo and Standard Chartered Form US$3B Financing Partnership for Global Infrastructure and Energy Transition Credit
Apollo (NYSE: APO) and Standard Chartered PLC have announced a strategic partnership to accelerate financing for infrastructure, clean transition, and renewable energy globally. The partnership includes a planned contribution of up to US$3 billion in clean energy and transition financing across various sectors.
Standard Chartered has acquired a minority stake in Apterra, an Apollo-owned platform focused on infrastructure debt origination. Apterra, founded in 2023, has already executed more than US$4.8 billion of transactions. Apollo's Clean Transition Capital strategy has deployed over US$40 billion into energy transition and climate-related investments over the past 5 years.
As part of the agreement, Standard Chartered will provide a senior secured credit facility to Apollo Clean Transition Capital (ACT Capital) for project finance and infrastructure loans. The financial terms of Standard Chartered's minority equity stake in Apterra were not disclosed.
Apollo (NYSE: APO) e Standard Chartered PLC hanno annunciato una partnership strategica per accelerare il finanziamento per infrastrutture, transizioni ecologiche e energie rinnovabili a livello globale. La partnership prevede un contributo programmato fino a 3 miliardi di dollari USA nel finanziamento delle energie pulite e della transizione attraverso vari settori.
Standard Chartered ha acquisito una partecipazione di minoranza in Apterra, una piattaforma di proprietà di Apollo focalizzata sull'origine di debito infrastrutturale. Apterra, fondata nel 2023, ha già realizzato oltre 4,8 miliardi di dollari USA di transazioni. La strategia di Apollo per il Capitale della Transizione Ecologica ha investito oltre 40 miliardi di dollari USA in investimenti legati alla transizione energetica e al clima negli ultimi 5 anni.
Come parte dell'accordo, Standard Chartered fornirà una linea di credito senior garantita ad Apollo Clean Transition Capital (ACT Capital) per finanziamenti di progetti e prestiti infrastrutturali. I termini finanziari della partecipazione di minoranza di Standard Chartered in Apterra non sono stati divulgati.
Apollo (NYSE: APO) y Standard Chartered PLC han anunciado una asociación estratégica para acelerar el financiamiento para infraestructura, transición ecológica y energía renovable a nivel mundial. La asociación incluye una contribución planificada de hasta 3 mil millones de dólares EE. UU. en financiamiento de energía limpia y transición en varios sectores.
Standard Chartered ha adquirido una participación minoritaria en Apterra, una plataforma propiedad de Apollo centrada en la originación de deuda de infraestructura. Apterra, fundada en 2023, ya ha ejecutado más de 4,8 mil millones de dólares EE. UU. en transacciones. La estrategia de Capital de Transición Limpia de Apollo ha invertido más de 40 mil millones de dólares EE. UU. en inversiones relacionadas con la transición energética y el clima en los últimos 5 años.
Como parte del acuerdo, Standard Chartered proporcionará una línea de crédito garantizada senior a Apollo Clean Transition Capital (ACT Capital) para financiamiento de proyectos y préstamos de infraestructura. Los términos financieros de la participación minoritaria de Standard Chartered en Apterra no fueron divulgados.
아폴로 (NYSE: APO)와 스탠다드 차타드 PLC는 전 세계의 인프라, 청정 전환 및 재생 에너지에 대한 자금 조달을 가속화하기 위한 전략적 파트너십을 발표했습니다. 이 파트너십은 다양한 분야에서 청정 에너지 및 전환 자금 지원을 위한 최대 30억 달러의 기여를 포함합니다.
스탠다드 차타드는 아폴로 소속의 인프라 채무 원천화 플랫폼인 아펠라의 소수 지분을 인수했습니다. 2023년에 설립된 아펠라는 이미 48억 달러 이상의 거래를 성사시켰습니다. 아폴로의 청정 전환 자본 전략은 지난 5년 동안 에너지 전환 및 기후 관련 투자에 400억 달러 이상을 배분했습니다.
계약의 일환으로 스탠다드 차타드는 프로젝트 자금 조달 및 인프라 대출을 위해 아폴로 청정 전환 자본(ACT Capital)에 보장된 고급 신용 시설을 제공할 것입니다. 아펠라에 대한 스탠다드 차타드의 소수 지분 금융 조건은 공개되지 않았습니다.
Apollo (NYSE: APO) et Standard Chartered PLC ont annoncé un partenariat stratégique pour accélérer le financement des infrastructures, de la transition énergétique et des énergies renouvelables à l’échelle mondiale. Ce partenariat comprend une contribution prévue allant jusqu'à 3 milliards de dollars pour le financement des énergies propres et de la transition dans divers secteurs.
Standard Chartered a acquis une participation minoritaire dans Apterra, une plateforme appartenant à Apollo et axée sur l'origine de la dette d'infrastructure. Fondée en 2023, Apterra a déjà exécuté plus de 4,8 milliards de dollars de transactions. La stratégie de Capital de Transition Propre d'Apollo a investi plus de 40 milliards de dollars dans des investissements liés à la transition énergétique et au climat au cours des 5 dernières années.
Dans le cadre de l'accord, Standard Chartered fournira une ligne de crédit senior sécurisée à Apollo Clean Transition Capital (ACT Capital) pour le financement de projets et les prêts d'infrastructure. Les conditions financières de la participation minoritaire de Standard Chartered dans Apterra n'ont pas été divulguées.
Apollo (NYSE: APO) und Standard Chartered PLC haben eine strategische Partnerschaft angekündigt, um die Finanzierung für Infrastruktur, saubere Übergänge und erneuerbare Energien weltweit zu beschleunigen. Die Partnerschaft umfasst einen geplanten Beitrag von bis zu 3 Milliarden US-Dollar in saubere Energie- und Übergangsfinanzierung über verschiedene Sektoren.
Standard Chartered hat eine Minderheitsbeteiligung an Apterra erworben, einer von Apollo betriebenen Plattform, die sich auf die Origination von Infrastrukturverschuldung konzentriert. Apterra, gegründet im Jahr 2023, hat bereits Transaktionen im Wert von über 4,8 Milliarden US-Dollar durchgeführt. Die Clean Transition Capital-Strategie von Apollo hat in den letzten 5 Jahren über 40 Milliarden US-Dollar in energiebezogene und klimabezogene Investitionen investiert.
Im Rahmen der Vereinbarung wird Standard Chartered eine gesicherte Senior-Kreditfazilität für Apollo Clean Transition Capital (ACT Capital) zur Projektfinanzierung und Infrastrukturkrediten bereitstellen. Die finanziellen Bedingungen der Minderheitsbeteiligung von Standard Chartered an Apterra wurden nicht offengelegt.
- Strategic partnership formed with Standard Chartered to deploy US$3B in clean energy financing
- Apterra platform has executed US$4.8B in transactions since 2023
- Apollo has deployed US$40B in energy transition investments over past 5 years
- Secured additional funding through Standard Chartered's credit facility
- None.
Insights
The US$3 billion strategic partnership between Apollo and Standard Chartered represents a significant move in the infrastructure financing landscape. The deal structure is particularly compelling - it combines Apollo's alternative asset expertise with Standard Chartered's emerging markets banking network, creating a powerful financing vehicle for infrastructure and energy transition projects.
The partnership's strategic value lies in its timing and scale. With Apollo having deployed US$40 billion in climate-related investments over 5 years and Apterra executing US$4.8 billion in transactions since 2023, this alliance significantly enhances both firms' capital deployment capabilities. The equity stake acquisition in Apterra by Standard Chartered adds another layer of alignment, potentially accelerating deal flow and expanding geographical reach.
The provision of a senior secured credit facility by Standard Chartered to ACT Capital creates a robust funding mechanism for project finance, effectively multiplying the partnership's financing capacity beyond the initial US$3 billion commitment.
This partnership addresses a critical gap in global clean energy infrastructure financing. The combination of Apollo's ACT Capital platform with Standard Chartered's emerging markets expertise creates a powerful mechanism to accelerate clean energy project development in regions traditionally underserved by Western capital.
The strategic significance extends beyond the US$3 billion commitment - it's about creating a sustainable financing ecosystem for next-generation infrastructure. Apollo's track record of US$40 billion in energy transition investments demonstrates their commitment to scale, while Standard Chartered's presence in Asia, Africa and the Middle East opens doors to high-growth markets where clean energy infrastructure is most needed.
The partnership's focus on "clean transition and renewable energy" suggests a broad mandate that could include everything from renewable power generation to energy storage and grid modernization projects, potentially catalyzing faster adoption of clean technologies in emerging markets.
Standard Chartered Acquires Minority Stake in Apterra, an Apollo Platform Specializing in Infrastructure Debt Origination
Agreement to Accelerate Capital Formation for Next-Gen Infrastructure and Transition Assets
NEW YORK and LONDON, Jan. 14, 2025 (GLOBE NEWSWIRE) -- 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
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
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
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
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 Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com
Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com
Standard Chartered Contacts
Piers Townsend
Global Head of Communications, Corporate & Investment Banking
Standard Chartered
Piers.townsend@sc.com
+6590059067
Shaun Gamble
Director, Group Media Relations
Standard Chartered
Shaun.gamble@sc.com
+442078855934
FAQ
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