Apollo and Santander Partner on $370 Million Infrastructure Deal
Deal News | Dec 09, 2024 | Apollo
Apollo, a prominent global alternative asset manager, and Santander, one of the world's largest banks, have formed a partnership to invest approximately $370 million in an infrastructure credit portfolio. The deal, facilitated by Apterra, an Apollo affiliate specializing in innovative infrastructure financing solutions, marks a significant collaboration between the two giants aiming to capitalize on the infrastructure finance opportunities globally. Apollo's Partner and President, Samuel Feinstein, emphasized the bespoke financing solutions and the potential for additional collaborations with Santander. Marcel Patino, Global Head of Private Debt Mobilization at Santander, highlighted the deal as a strategic asset rotation to enhance profitability, aligning with Santander's business transformation efforts. Apollo plans to continue its investment in energy transition and climate-related sectors, with a target to deploy $50 billion through 2027 and over $100 billion by 2030. This partnership further strengthens Apollo's commitment to sustainable investments and Santander's goal of advancing responsible banking initiatives.
Sectors
- Infrastructure Finance
- Alternative Asset Management
- Banking and Financial Services
- Energy Transition and Climate Investment
Geography
- United States – Apollo is headquartered in New York, and the announcement was made there, making the US a key geography for this transaction.
- Spain – Santander is headquartered in Spain, representing the European component of this transcontinental financial partnership.
- Global – Both Apollo and Santander have a global presence, and the transaction's impact and strategic direction pertain to global finance and investment markets.
Industry
- Infrastructure Finance – The article discusses a significant investment in an infrastructure credit portfolio, highlighting the focus on infrastructure finance as a growing sector requiring innovative solutions.
- Alternative Asset Management – Apollo, a central figure in the article, is a prominent player in the alternative asset management industry, managing a diversified portfolio across various asset classes.
- Banking and Financial Services – Santander, a key participant, is a global banking institution involved in diverse financial services, including corporate and investment banking.
- Energy Transition and Climate Investment – Both Apollo and Santander are strategically focused on energy transition and climate investments, aligning with global sustainability initiatives.
Financials
- $370 million – The investment amount in the infrastructure credit portfolio by Apollo and Santander.
- $733 billion – Apollo's total assets under management as of September 30, 2024.
- $50 billion – Apollo's target investment in clean energy and climate through 2027.
- $100 billion – Potential total capital deployment by Apollo in clean energy and climate by 2030.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apollo | Private Equity Firm | Company | A global alternative asset manager facilitating the investment in infrastructure credit via its affiliate Apterra. |
| Santander | Banking Partner | Company | A global banking institution partnering with Apollo in the infrastructure investment deal, focusing on asset rotation and profitability maximization. |
| Apterra | Innovative Infrastructure Finance Partner | Company | An affiliate of Apollo specializing in innovative solutions for infrastructure financing, leading the transaction. |
| Samuel Feinstein | Apollo Partner and President of ACT Capital | Person | A key figure in the announcement of the deal, emphasizing Apollo's strategic vision and partnership with Santander. |
| Marcel Patino | Global Head of Private Debt Mobilization at Santander | Person | A key executive at Santander discussing the strategic objectives and transformational goals of the partnership. |