Apollo Global Management is launching a clean transition private equity fund on its Luxembourg-based product platform, as part of the fund manager’s goal of deploying $50bn in clean energy and climate capital by 2027.
The Apollo Clean Transition Equity ELTIF will launch via the Apollo Private Markets SICAV, after receiving regulatory authorization from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF).
The fund is designed to provide investors across Europe greater access to private equity opportunities focused on the transition to clean energy and sustainable industry.
Over the last five years, Apollo-managed funds have deployed over $23bn into energy transition and sustainability-related investments.
Through its global wealth business, the launch is part of Apollo’s commitment to provide individual investors institutional-quality managed products.
The fund will be accessible to European investors in their local currency and will be fully funded at launch.
Veronique Fournier, managing director and head of EMEA global wealth at Apollo, said: “This new offering will broaden access to private markets while offering exposure to thematic climate and transition private equity investments that we believe our clients seek.”
Olivia Wassenaar, head of sustainability and infrastructure at Apollo, added: “The launch of ACT Equity ELTIF reinforces our commitment to invest in the clean energy transition and ability to deploy capital at scale across sectors and strategies.”
“We’re thrilled to expand access to our strategy, which will offer eligible investors in Europe the ability to participate in what we view as a generation-defining opportunity to address climate change.”
