Apollo Global Management – having alluded to private debt and equity climate funds earlier this year – has registered a climate fund. Apollo Climate Overseas Partners has been registered as a private limited liability company with the Grand Duchy of Luxembourg by Apollo Climate Partners Advisors.
It is not clear whether this is one of the funds forecast by co-president Scott Kleinman in May. US-based private markets firms often register parallel funds in Europe to house local capital, although we do not know the purpose for this fund. Apollo declined to comment.