Apollo Global Management (APO) and Standard Chartered said Tuesday they have formed a partnership to support and accelerate financing for infrastructure, clean transition, and renewable energy.
The companies said they plan to contribute up to $3 billion of clean energy and transition financing.
Apollo-owned Apterra will serve as the platform for originating, structuring, and deploying the capital to execute infrastructure transactions globally, the companies said. Standard Chartered has acquired a minority stake in the platform, the companies said.
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