Apollo Closes Second Dedicated Infrastructure Fund with More Than $2.5 Billion in Capital Commitments
Apollo (NYSE: APO) has successfully closed its second dedicated infrastructure fund, Apollo Infrastructure Opportunities Fund II LP (AIOF II), with about $2.54 billion in capital commitments. The fund will invest in mid-market infrastructure assets, focusing on communications, power and renewables, and transportation. Apollo has a strong track record, having invested over $20 billion in infrastructure over 30 years. Recent investments include projects in renewable energy and telecommunications, indicating a commitment to sustainable growth and innovation in infrastructure.
- Successfully closed AIOF II with $2.54 billion in capital commitments.
- Strong investor support from new and existing partners.
- Plans to invest in mid-market infrastructure assets, particularly in growth sectors like renewable energy and telecommunications.
- Established a track record with over $20 billion invested in infrastructure-related opportunities over 30 years.
- None.
NEW YORK, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO) today announced the close of its second dedicated infrastructure fund, Apollo Infrastructure Opportunities Fund II LP (“AIOF II”), with approximately
Receiving strong support from a diverse base of new and existing investors, AIOF II will continue its strategy of investing in mid-market infrastructure assets primarily across communications, power and renewables, and transportation. The latest dedicated investment vehicle builds on Apollo’s 30-year track record in which it has invested more than
“This is an incredibly exciting time to invest in infrastructure assets and to build our infrastructure franchise here at Apollo with our second dedicated fund,” said Geoff Strong, Partner and Co-Head of Infrastructure and Natural Resources at Apollo. “We’re grateful for the strong support of our limited partners, and we continue to differentiate ourselves in the market by focusing on scalable acquisitions in the middle market, structured solutions, and carve-out opportunities. We also expect to continue leaning into big-picture trends like the global energy transition and bridging the digital divide, where we have significant experience and expertise.”
Apollo Partner and Co-Head of Infrastructure Dylan Foo added, “This is a great milestone for our Infrastructure business as we look to become the leading global mid-market manager for high quality infrastructure assets. The expertise of our infrastructure team coupled with the extensive resources of our broader investment platform at Apollo have enabled us to execute complex and creative infrastructure investments with a strong focus on ESG. We will continue to partner with our investors to build on the momentum from our latest fund.”
As the demand for private investment in infrastructure continues to grow, Apollo has been at the forefront of key growth sectors, including renewable and transitional energy assets. Already, AIOF II has invested in leading energy storage and renewable energy platform, Broad Reach Power; formed the Ionic Blue joint venture with Johnson Controls to provide sustainability and energy efficiency services; created a joint venture to grow Great Bay Renewables’ renewable royalties business; and invested in U.S. Wind, a leading utility-scale offshore wind platform off the coast of Maryland. Recently, outside of AIOF II, the infrastructure team also led an
AIOF II has also been active in telecommunications, investing in FirstDigital Telecom, a leading fiber-based carrier in the western United States, as well as acquiring Parallel Infrastructure, a US telecommunications platform with a portfolio of approximately 500 macro cell towers in operation and several hundred more under development.
Paul, Weiss, Rifkind, Wharton & Garrison represented Apollo in connection with the close of AIOF II.
About Apollo
Apollo is a global, high-growth 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 to private equity with a focus on three business strategies: yield, hybrid, and 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, 2021, Apollo had approximately
Apollo Contact Information
For Investors:
Noah Gunn
Global Head of Investor Relations
(212) 822-0540
IR@apollo.com
For Media:
Joanna Rose
Global Head of Corporate Communications
(212) 822-0491
Communications@apollo.com
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