Apollo Launches ACT Equity ELTIF for Clean Energy Investments
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Apollo Clean Transition Equity ELTIF to provide European investors greater access to clean transition investments across private markets
Launch supports Apollo’s goal of deploying $50B in clean energy and climate capital by 2027
Apollo announced the Apollo Clean Transition Equity ELTIF (“ACT Equity ELTIF” or the “Fund”) will launch via Apollo Private Markets SICAV, the firm’s Luxembourg-based product platform, after receiving regulatory authorization from Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF). ACT Equity ELTIF is designed to offer wealth investors across Europe greater access to private equity opportunities focused on the transition to clean energy and sustainable industry.
The addition of ACT Equity ELTIF to the Apollo Private Markets platform furthers Apollo’s commitment to provide individual investors institutional-quality managed products through its Global Wealth business. Through Apollo Private Markets SICAV’s structure, ACT Equity ELTIF will be accessible to European investors in their local currency and will be fully funded at launch.
“This marks another important milestone as we scale the solutions offered through our Global Wealth business to help meet the needs of European investors,” said Apollo’s Veronique Fournier, Managing Director and Head of EMEA Global Wealth. “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.”
Over the last five years, Apollo-managed funds have deployed over $23 billion into energy transition and sustainability-related investments.
“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,” said Olivia Wassenaar, Apollo’s Head of Sustainability and Infrastructure.
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S64 serves as platform advisor, RBC serves as administrator and custodian, and Clifford Chance acts as legal advisor to Apollo.
The Fund may be subject to certain regulatory limits that could preclude participation in certain transactions. This is not an offer of securities for sale in the United States, and any securities of any issuer referenced herein may not be offered or sold in the United States.