Infrastructure
Our Approach
Fully integrated with Apollo’s global platform, our infrastructure business follows the same rigorous, flexible approach to investing as our other businesses. In addition to a strong investment track record across Credit, Equity and Hybrid, Apollo-managed funds and accounts have deployed more than $130 billion(1) across infrastructure and infrastructure-related opportunities over the past five years.
The Apollo Infrastructure Group focuses on providing creative capital solutions across the risk-return spectrum in support of the Global Industrial Renaissance and energy transition. Our team includes over 60 dedicated infrastructure investment professionals globally with deep sector experience across power, renewables, transportation and digital infrastructure, among other sectors.
Scaled, global provider of capital solutions
Value-oriented mindset and risk-mitigated strategy
Bilateral origination across Apollo’s integrated platform
Key Differentiators
Sourcing
Our platform features proprietary origination capabilities across a global, integrated team
Discipline
Apollo maintains a ‘Purchase Price Matters’ ethos and focus on structural downside protection
Bespoke Solutions
We target long-duration investments featuring strong cashflows and high-quality counterparties
Alignment
We operate as a principal investor, deploying capital with conviction alongside our investors
Case Studies
Intel and Apollo formed a joint venture related to Fab 34, Intel’s leading-edge, high-volume manufacturing facility in Leixlip, Ireland, where Apollo-managed funds and affiliates are investing $11 billion for a 49% equity interest. This scaled, hybrid capital solution was designed to help Intel unlock and redeploy a portion of its investment in Fab 34, strengthening balance sheet flexibility as the company builds out next-generation semiconductor capacity critical to AI, data centers and a more resilient, sustainable global chip supply chain.
Ørsted’s Hornsea 3 is a 50-50 joint venture between Apollo-managed funds and Ørsted to develop and own the world’s largest offshore wind farm off the UK coast, with an expected capacity of 2.9GW—enough to generate low-cost, renewable electricity for more than 3 million UK households. Apollo funds have committed $6.5 billion for a 50% stake in the project company and to fund 50% of remaining construction costs, positioning the partnership as a scaled provider of long-term, flexible capital behind critical UK energy infrastructure. The platform supports the UK’s energy security and net zero ambitions by expanding large-scale offshore wind capacity in the national power mix, contributing to the broader decarbonization of the power sector.
Apollo-managed funds committed €3.2 billion of equity to a joint venture with RWE, Germany’s largest power producer and a global leader in renewable power generation, to support the country’s electricity transmission grid. The JV will hold and fund RWE’s 25.1% stake in Amprion, a regulated Transmission System Operator spanning seven German federal states and serving approximately 29 million people and industrial corporations. The platform provides long-term equity capital for a major grid expansion program over the next decade, strengthening critical German energy infrastructure and enabling further integration of renewables, batteries and flexible generation assets in support of the energy transition.
“Global economies have entered a period of increased growth across industry, innovation and power, driving significant demand for long-term capital across essential infrastructure. Through our integrated infrastructure platform, we are positioned to support leading businesses underpinning the Global Industrial Renaissance while offering investors solutions spanning the risk-return spectrum.”
Olivia Wassenaar
Head of Apollo Infrastructure Group
Related Insights
2:29
Novolex, a global leader in sustainable food packaging and one of the largest packaging companies in the U.S., partnered with Apollo Funds to drive transformative growth and advance its sustainability goals.
Change is the only constant, and impactful change demands bold investment. Apollo stands as a key financing partner for the most innovative sectors driving our future.
1:04
On Bloomberg, Apollo Partner Leslie Mapondera discusses Apollo’s investment activity across European energy and infrastructure, including the firm’s recent $6.5 billion commitment to Ørsted’s Hornsea 3, the world’s largest offshore wind project.
Explore Our Other Real Assets Strategies
1. The Apollo Infrastructure Investment Classification Framework and Calculation Methodology, which is subject to change at any time without notice, sets forth certain categories of investments classified by Apollo as infrastructure investments and the methodologies used to calculate contribution towards the Apollo Infrastructure Deployment Figure. The methodologies reflect, for: (a) majority equity investments, (i) total enterprise value as of the date of the closing of the transactions, and (ii) follow-on funding if it relates to an add-on acquisition, capital requirements to grow the company, and/or would imply an increase in the company’s total enterprise value; (b) minority equity or preferred equity investments, (i) the amount of the contractual commitment at the time of signing, if contractually binding or deemed likely to be fully deployed by the investment team, or (ii) the funded amounts as of their respective funding dates, if not subject to a binding commitment or subject to discretion with respect to the funding of such commitments; (c) debt origination platforms, the purchase price paid to acquire such origination platform; (d) secondaries transactions, (i) the total capital commitment at the time of the initial commitment in the case of GP-led/continuation vehicle transactions, or (ii) the capital called as of the date of each capital call in the case of additional capital commitment obligations; (e) directly originated debt, the total capital organized and/or arranged; (f) short-term secondary debt instruments, the increase in maximum exposure, or any positive net change in exposure, on a quarterly basis; (g) other secondary debt instruments, the purchase price of acquiring the debt instruments at the time of the initial investment, and at the time of any additional follow-on investments; (h) origination or participation in warehouse facilities, the total facility size; and (i) acquisitions of real estate assets, the relevant equity and/or debt methodologies.
