In brief: Apollo will launch clean transition funds in H2 2023

Apollo Global Management is planning to launch “clean transition finance and opportunistic vehicles” within its $100 billion-target clean transition platform later this year. Co-president James Zelter made the announcement on Apollo’s year-end results call last week – nearly a year after the firm launched a sustainable investing platform to deploy $100 billion towards climate investments across multiple funds by 2030.

Apollo has committed or deployed more than $6 billion into climate investments over the past year, said Zelter. This month, it will appoint a “climate and infrastructure” deals team to the platform “to further boost our origination capabilities”. Last May, co-president Scott Kleinman announced plans to market private debt and equity vehicles within the platform later in 2022.