Apollo Launches $4 Billion Clean Energy Transition Strategy
Global alternative investment manager Apollo announced today the launch of Apollo Clean Transition Capital (ACT Capital), a new investment strategy aimed at investing in companies to provide capital for their transition to clean energy and sustainable industry. The new strategy is being launched with $4 billion in capital from Apollo affiliates and strategic partners.
Apollo Co-President Scott Kleinman said:
“We believe ACT Capital is a premier financing solution for companies around the globe who require significant, flexible capital to support their energy transition efforts. We are thrilled to extend our long track record in this area and expand our commitment to driving a more sustainable future, recognizing the urgent need for climate capital deployment.”
The launch of ACT Capital follows the establishment last year by Apollo of a sustainable investing platform focused on financing and investing in the energy transition and decarbonization of industry, with the firm setting a goal to deploy $50 billion in clean energy and climate capital over five years, and seeing the opportunity to deploy over $100 billion by 2030. To date, the platform has deployed more than $6 billion, and Apollo said that the new strategy will work alongside the firm’s other strategies to support the achievement of the 2027 target.
According to Apollo, the new strategy will provide “competitive, flexible, and patient financing,” through yield and hybrid investments targeting opportunities in areas including energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate.
Olivia Wassenaar, Apollo’s Head of Sustainable Investing, said:
“We believe ACT Capital is well-positioned to address the significant gaps that exist in the capital markets for climate and transition financing. Our ability to deploy capital at scale – across sectors and strategies – can provide attractive, diversified exposure to this generation-defining opportunity to address climate change. We sought to build this transformational platform to meet what we view as an underserved need in the climate finance marketplace for both investors and industry participants.”