Apollo and Santander Partner on a $370 Million Infrastructure Portfolio Financing
December 09 2024 - 4:00AM
Apollo (NYSE: APO) and Santander today announced that
Apollo-managed funds and affiliates have agreed to invest in an
approximately $370 million portfolio of infrastructure credit. The
transaction was led by Apterra, an affiliate of Apollo founded in
2023 that specializes in innovative financing solutions for
infrastructure projects.
Apollo Partner and President of ACT Capital Samuel Feinstein
said, “We are pleased to announce this transaction with Santander,
which builds on our longstanding relationship and demonstrates the
type of bespoke financing solutions that Apollo can provide to our
banking partners and corporate clients. We have high conviction in
the infrastructure finance opportunity globally given the large
capital demands that will continue to drive investment in the
sector and see continued opportunity to collaborate with Santander
in the space.”
Marcel Patino, Global Head of Private Debt Mobilization at
Santander said, “As we continue to execute on our strategy to
proactively rotate assets and maximize profitability, we are
pleased to partner with Apollo and Apterra on this portfolio
transaction. We remain committed to private debt mobilization to
generate additional capital for profitable growth as we continue to
accelerate our business transformation efforts.”
Over the past five years, Apollo has deployed
over $40 billion[i] into energy transition and climate-related
investments and actively seeks to grow its platform as capital
deployment in these areas of the global economy continues to scale.
Across asset classes, Apollo targets deploying $50 billion in clean
energy and climate investments through 2027 and sees the
opportunity to deploy more than $100 billion by 2030.
About ApolloApollo is a
high-growth, global alternative asset manager. In our asset
management business, we seek to provide our clients excess return
at every point along the risk-reward spectrum from investment grade
credit to private equity. For more than three decades, our
investing expertise across our fully integrated platform has served
the financial return needs of our clients and provided businesses
with innovative capital solutions for growth. Through Athene, our
retirement services business, we specialize in helping clients
achieve financial security by providing a suite of retirement
savings products and acting as a solutions provider to
institutions. Our patient, creative, and knowledgeable approach to
investing aligns our clients, businesses we invest in, our
employees, and the communities we impact, to expand opportunity and
achieve positive outcomes. As of September 30, 2024, Apollo had
approximately $733 billion of assets under management. To learn
more, please visit www.apollo.com.
About SantanderBanco Santander
(SAN SM) is a leading commercial bank, founded in 1857 and
headquartered in Spain and one of the largest banks in the world by
market capitalization. The group’s activities are consolidated into
five global businesses: Retail & Commercial Banking, Digital
Consumer Bank, Corporate & Investment Banking (CIB), Wealth
Management & Insurance and Payments (PagoNxt and Cards). This
operating model allows the bank to better leverage its unique
combination of global scale and local leadership. Santander aims to
be the best open financial services platform providing services to
individuals, SMEs, corporates, financial institutions and
governments. The bank’s purpose is to help people and businesses
prosper in a simple, personal and fair way. Santander is building a
more responsible bank and has made a number of commitments to
support this objective, including raising €220 billion in green
financing between 2019 and 2030. At the end of the third quarter of
2024, Banco Santander had €1.3 trillion in total funds, 171 million
customers, 8,100 branches and 208,000 employees. Santander
Corporate & Investment Banking (Santander CIB) is Santander’s
global division that supports corporate and institutional clients,
offering tailored services and value-added wholesale products
suited to their complexity and sophistication, as well as to
responsible banking standards that contribute to the progress of
society.
[i] As of June 30, 2024. Deployment commensurate
with Apollo’s proprietary Climate and Transition Investment
Framework, which provides guidelines and metrics with respect to
the definition of a climate or transition investment. Reflects (a)
for equity investments: (i) total enterprise value at time of
signed commitment for initial equity commitments; (ii) additional
capital contributions from Apollo funds and co-invest vehicles for
follow-on equity investments; and (iii) contractual commitments of
Apollo funds and co-invest vehicles at the time of initial
commitment for preferred equity investments; (b) for debt
investments: (i) total facility size for Apollo originated debt,
warehouse facilities, or fund financings; (ii) purchase price on
the settlement date for private non-traded debt; (iii) increases in
maximum exposure on a period-over-period basis for publicly-traded
debt; (iv) total capital organized on the settlement date for
syndicated debt; and (v) contractual commitments of Apollo funds
and co-invest vehicles as of the closing date for real estate debt;
(c) for SPACs, the total sponsor equity and capital organized as of
the respective announcement dates; (d) for platform acquisitions,
the purchase price on the signed commitment date; and (e) for
platform originations, the gross origination value on the
origination date.
Apollo Contacts Noah Gunn
Global Head of Investor Relations Apollo Global Management, Inc.
(212) 822-0540 IR@apollo.com Joanna Rose Global Head of Corporate
Communications Apollo Global Management, Inc. (212) 822-0491
Communications@apollo.com
Santander:comunicacion@gruposantander.com
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