Apollo Closes Second Dedicated Infrastructure Fund with More Than $2.5 Billion in Capital Commitments
06 Janeiro 2022 - 10:00AM
Apollo (NYSE: APO) today announced the close of its second
dedicated infrastructure fund, Apollo Infrastructure Opportunities
Fund II LP (“AIOF II”), with approximately $2.54 billion in capital
commitments.
Receiving strong support from a diverse base of new and existing
investors, AIOF II will continue its strategy of investing in
mid-market infrastructure assets primarily across communications,
power and renewables, and transportation. The latest dedicated
investment vehicle builds on Apollo’s 30-year track record in which
it has invested more than $20 billion in infrastructure-related
opportunities across its platform. Led by Partners Dylan Foo and
Geoff Strong, the firm’s dedicated infrastructure business
currently manages approximately $6 billion in
infrastructure-related assets around the world.
“This is an incredibly exciting time to invest in infrastructure
assets and to build our infrastructure franchise here at Apollo
with our second dedicated fund,” said Geoff Strong, Partner and
Co-Head of Infrastructure and Natural Resources at Apollo. “We’re
grateful for the strong support of our limited partners, and we
continue to differentiate ourselves in the market by focusing on
scalable acquisitions in the middle market, structured solutions,
and carve-out opportunities. We also expect to continue leaning
into big-picture trends like the global energy transition and
bridging the digital divide, where we have significant experience
and expertise.”
Apollo Partner and Co-Head of Infrastructure Dylan Foo added,
“This is a great milestone for our Infrastructure business as we
look to become the leading global mid-market manager for high
quality infrastructure assets. The expertise of our infrastructure
team coupled with the extensive resources of our broader investment
platform at Apollo have enabled us to execute complex and creative
infrastructure investments with a strong focus on ESG. We will
continue to partner with our investors to build on the momentum
from our latest fund.”
As the demand for private investment in infrastructure continues
to grow, Apollo has been at the forefront of key growth sectors,
including renewable and transitional energy assets. Already, AIOF
II has invested in leading energy storage and renewable energy
platform, Broad Reach Power; formed the Ionic Blue joint venture
with Johnson Controls to provide sustainability and energy
efficiency services; created a joint venture to grow Great Bay
Renewables’ renewable royalties business; and invested in U.S.
Wind, a leading utility-scale offshore wind platform off the coast
of Maryland. Recently, outside of AIOF II, the infrastructure team
also led an $816 million investment to finance NextEra Energy
Partners’ stake in a 2.5 GW renewable energy portfolio of 13
utility scale wind and solar assets.
AIOF II has also been active in telecommunications, investing in
FirstDigital Telecom, a leading fiber-based carrier in the western
United States, as well as acquiring Parallel Infrastructure, a US
telecommunications platform with a portfolio of approximately 500
macro cell towers in operation and several hundred more under
development.
Paul, Weiss, Rifkind, Wharton & Garrison represented Apollo
in connection with the close of AIOF II.
About Apollo
Apollo is a global, high-growth 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 to private equity with a focus on three business
strategies: yield, hybrid, and 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, 2021, Apollo had
approximately $481 billion of assets under management. To learn
more, please visit www.apollo.com.
Apollo Contact Information
For Investors:Noah GunnGlobal Head of Investor Relations(212)
822-0540IR@apollo.com
For Media:Joanna RoseGlobal Head of Corporate
Communications(212) 822-0491Communications@apollo.com
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