Apollo and Standard Chartered Launch $3 Billion Energy Transition Financing Partnership

Apollo, a leading global alternative investment manager, and international banking group Standard Chartered have announced the formation of a strategic partnership to accelerate financing for clean energy, infrastructure, and global energy transition projects.

Building on Apollo’s 2023 launch of Apollo Clean Transition Capital (ACT Capital) and its sustainable investing platform, this collaboration underscores both firms’ commitment to supporting the transition to a sustainable, low-carbon economy. Apollo’s ACT Capital focuses on providing capital to companies advancing clean energy and sustainable industries, while its Apterra platform specializes in structuring and deploying debt capital for global infrastructure projects.

Under the partnership, Apollo and Standard Chartered will jointly contribute $3 billion toward clean energy and transition financing across various sectors and asset classes. Much of the origination will be carried out through Apollo’s Apterra platform. Standard Chartered will also provide a senior secured credit facility to fund infrastructure loans and project finance, further boosting the partnership's capabilities.

Additionally, Standard Chartered has acquired a minority stake in Apterra, enhancing its investment origination capacity and deepening its collaboration with Apollo.

Jim Zelter, Co-President of Apollo Asset Management, stated:

“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.”

Standard Chartered’s Group Chief Executive, Bill Winters, highlighted:

“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.”

The partnership represents a significant milestone in Apollo’s and Standard Chartered’s efforts to advance sustainable finance, positioning them as key players in the global energy transition landscape.