Apollo Global Management and Standard Chartered PLC have announced a $3 billion strategic partnership to accelerate clean energy and infrastructure financing globally. The collaboration, unveiled Tuesday, will leverage the strengths of Apollo’s sustainable investing platform, Apollo Clean Transition Capital, and Standard Chartered’s global banking expertise.

Driving Global Transition Financing

The partnership aims to address growing capital demands for next-generation infrastructure, renewable energy, and other transition assets. Both parties will contribute to the financing pool, combining their origination and distribution capabilities to advance sustainable projects.

"The global industrial renaissance is creating unprecedented capital demands across next-gen infrastructure, sustainable power, and other transition assets," said Apollo Asset Management Co-President Jim Zelter. "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."

Role of Apterra in the Partnership

The partnership’s financing activities will be spearheaded by Apterra, an Apollo-owned platform established in 2023 to focus on structuring and deploying debt capital for infrastructure transactions. Since its inception, Apterra has executed over $4.8 billion in deals.

Standard Chartered has acquired a minority stake in Apterra, with the acquisition positioned to enhance Apterra’s growth trajectory. While specific financial details were not disclosed, both parties highlighted the value of combining their resources to scale up financing for sustainable development.

Enhanced Financing Capabilities

As part of the agreement, Standard Chartered will provide a senior secured credit facility to Apollo Clean Transition Capital. This facility will fund project finance and infrastructure loans, further bolstering the partnership’s ability to support large-scale sustainable initiatives.

Group Chief Executive of Standard Chartered Bill Winters emphasized the complementary strengths of the two organizations, stating, "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."

Expanding Impact

By combining Apollo’s investment expertise and Standard Chartered’s global banking network, the partnership is poised to unlock significant opportunities in clean energy and infrastructure development. The collaboration underscores the critical role of private capital and financial innovation in addressing climate change and supporting the energy transition.

Legal counsel information for the firms advising Apollo and Standard Chartered was not immediately available.