• The companies will work together, pool resources, and finance green energy transition projects.
• The goal is to meet the ever-growing global demand for sustainable investing.

Apollo Asset Management and Standard Chartered have formed a partnership to back up global infrastructure and clean energy projects.

The companies will invest $3 billion in sustainable and transition assets such as renewable energy and other infrastructure projects.

Apteraa, a platform owned by Apollo, where Standard Chartered has also taken a minority stake, focuses on sourcing and structuring debt for global infrastructure projects. Launched in 2023, the platform has already managed $4.8 billion in transactions.

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.”

The demand for capital investment in sustainable energy transition is on the rise, and this partnership between the two international asset managers will support the growing need for capital to finance clean energy transition projects.

Apollo has invested over $40 billion into green energy projects in the past five years and says the demand will continue to surge in the coming years.

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.”

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Source: Apollo