Apollo, a global alternative investment manager, has announced the launch of a new investment strategy called Apollo Clean Transition Capital (ACT Capital), which aims to invest in companies to facilitate their transition to clean energy and sustainable industry. The new strategy has received $4 billion in capital from Apollo affiliates and strategic partners.
This launch follows the establishment of a sustainable investing platform by Apollo last year, with a goal of deploying $50 billion in clean energy and climate capital over five years.
The platform has already deployed more than $6 billion. The new strategy will focus on providing competitive, flexible, and patient financing through yield and hybrid investments, targeting opportunities in areas such as energy transition, industrial decarbonization, sustainable mobility, sustainable resource use, and sustainable real estate, to support the achievement of the 2027 target alongside Apollo’s other strategies.