Apterra, an infrastructure finance platform backed by Apollo, has led on a $370m (€350m) infrastructure portfolio financing.
Apollo said its managed funds and affiliates, together with banking group Santander have agreed to invest in the portfolio of infrastructure credit.
Samuel Feinstein, partner at Apollo and president of the firm’s clean-transition capital, said: “We are pleased to announce this transaction with Santander, which builds on our longstanding relationship and demonstrates the type of bespoke financing solutions that Apollo can provide to our banking partners and corporate clients.
“We have high conviction in the infrastructure finance opportunity globally, given the large capital demands that will continue to drive investment in the sector and see continued opportunity to collaborate with Santander in the space.”
Marcel Patino, global head of private debt mobilisation at Santander, said: “As we continue to execute on our strategy to proactively rotate assets and maximise profitability, we are pleased to partner with Apollo and Apterra on this portfolio transaction.
“We remain committed to private debt mobilisation to generate additional capital for profitable growth as we continue to accelerate our business transformation efforts.”
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