Apollo Adds ELTIF to Wealth Product Platform Following CSSF Regulatory Approval
December 11 2023 - 2:00AM
Apollo (NYSE: APO) today 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)1. 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 billioni 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.
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.
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 September
30, 2023, Apollo had approximately $631 billion of assets under
management. To learn more, please visit www.apollo.com.
The information contained herein does not constitute an offer to
sell, nor a solicitation of an offer to buy, any security, and may
not be used or relied upon in connection with any offer or
solicitation. Any offer or solicitation in respect of ACT Equity
ELTIF will be made only through a confidential offering documents
which will be furnished to qualified investors on a confidential
basis in accordance with applicable laws and regulations.
There can be no assurance that the Fund will achieve its
objectives. All the characteristics or objectives of the fund as
described in its offering documents should be taken into
account.
Contacts
For Media:Sam TurveyMaitland for Apollo Global Management,
Inc.Apollo-maitland@h-advisors.global
___________________________
1 Apollo Private Markets SICAV is governed by Part II of the
Luxembourg law relating to undertakings for collective
investment.
i As of December 31, 2022. Deployment commensurate with Apollo’s
clean transition investment framework, which provides guidelines
and metrics with respect to the definition of a clean 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-managed funds and co-invest vehicles for follow-on equity
investments; and (iii) contractual commitments of Apollo-managed
funds and co-invest vehicles at the time of initial commitment for
preferred equity investments; (b) for debt investments: (i)
purchase price on the settlement date for private non-traded debt;
(ii) increases in maximum exposure on a period-over-period basis
for publicly-traded debt; (iii) total capital organized on the
settlement date for syndicated debt; and (iv) contractual
commitments of Apollo-managed 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.
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