Apollo (NYSE: APO) has announced that the Apollo Clean Transition Equity FCR (“ACT Equity FCR” or “the fund”) has been registered with the Spanish National Securities Exchange Commission (“CNMV”) and will launch in Spain. ACT Equity FCR is designed to offer wealth investors in Spain greater access to private equity opportunities focused on the transition to clean energy and sustainable industry.
Veronique Fournier, Managing Director and Head of EMEA Global Wealth at Apollo, said, “We are pleased to announce the registration of ACT Equity FCR, as we view Spain as a priority market in our continued efforts to broaden access to alternatives across Europe. We believe that the expansion of our clean transition strategy reinforces our position in climate and energy transition investing, while providing wealth investors with differentiated exposure to a diverse array of investment themes that seek to support a more sustainable future.”
ACT Equity FCR provides investor access to the Apollo Clean Transition Equity strategy. It follows the launch of the ACT Equity ELTIF, another investment vehicle providing access to this strategy via Apollo’s Luxembourg-based product platform, Apollo Private Markets SICAV, following approval by Luxembourg’s Commission de Surveillance du Secteur Financier.
Apollo’s Sustainable Investing platform targets deploying, committing, or arranging $50 billion in clean energy and climate capital by 2027 and sees the opportunity to reach more than $100 billion by 2030. Over the last five years, Apollo-managed funds have deployed over $40 billion[i] into energy transition and sustainability-related investments, supporting companies and projects across clean energy and infrastructure, including offshore and onshore wind, solar, storage, renewable fuels, electric vehicles as well as a wide range of technologies to facilitate decarbonization.
The fund may be subject to certain regulatory limits that could preclude participation in certain transactions.
About Apollo
Apollo 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 to private equity with a focus on three investing 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 June 30, 2024, Apollo had approximately $696 billion of assets under management. To learn more, please visit www.apollo.com.
[i] As of June 30, 2024. Deployment, commitment, or arrangement 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’s proprietary Climate and Transition Investment Framework is subject to change at any time without notice.
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