Apollo and Standard Chartered Forge US$3B Infrastructure Financing Deal
Deal News | Jan 14, 2025 | Apollo
Apollo and Standard Chartered have announced a partnership to accelerate financing for global infrastructure and energy transition projects. The collaboration involves a commitment of up to US$3 billion through their respective platforms, leveraging Standard Chartered's acquired minority stake in Apterra, an Apollo affiliate focusing on infrastructure debt origination. This strategic move is aimed at meeting the growing demand for capital in clean energy and climate initiatives. Apollo has already deployed over US$40 billion in energy transition investments and sees further expansion opportunities through this partnership.
Sectors
- Infrastructure
- Clean Energy
- Finance
Geography
- Global – The partnership aims to finance infrastructure and energy transition projects on a global scale, leveraging the partners' international presence.
- United States – Apollo, a key participant, is based in the United States, influencing the domestic aspect of the partnership.
- United Kingdom – Standard Chartered, headquartered in the UK, plays a significant role in the partnership, affecting its operations and strategic reach.
Industry
- Infrastructure – The article discusses infrastructure financing, focusing on debt origination and project finance for global infrastructure projects.
- Clean Energy – The partnership emphasizes clean energy and energy transition, highlighting investments in sustainable and renewable energy projects.
- Finance – The collaboration involves financial services, including credit facilities and strategic equity investments in infrastructure projects.
Financials
- US$3 billion – The committed amount for clean energy and transition financing as part of the partnership.
- US$40 billion – The amount Apollo has deployed in energy transition and climate-related investments over the past five years.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Apollo | Partner | Company | A global alternative asset manager involved in the partnership to finance infrastructure and clean energy projects. |
| Standard Chartered | Partner | Company | An international banking group collaborating with Apollo to provide infrastructure financing solutions. |
| Apterra | Infrastructure Debt Origination Platform | Company | An Apollo affiliate focusing on originating and structuring debt capital for infrastructure transactions, now supported by Standard Chartered. |
| Jim Zelter | Co-President | Person | Co-President of Apollo Asset Management, commenting on the strategic partnership's goals. |
| Bill Winters | Group Chief Executive | Person | Group Chief Executive of Standard Chartered, emphasizing the significance of the partnership. |
| Samuel Feinstein | Partner and President | Person | Apollo Partner and President of ACT Capital, highlighting the partnership's role in growing Apollo's Clean Transition business. |
| PJT Partners | Financial Advisor | Company | Acted as the exclusive financial advisor to Standard Chartered for the partnership. |