Apollo and Standard Chartered has formed a partnership to finance infrastructure, clean transition and renewable energy.
As part of the agreement, Standard Chartered and Apollo Clean Transition Capital, a sustainable investing platform, plan to contribute up to US$3 billion of clean energy and transition financing across a range of asset classes and sectors. Apollo’s Clean Transition Capital strategy finances clean energy and climate capital across both credit and equities.
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.”
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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