Apollo has announced the launch of its Apollo Clean Transition Equity Eltif (“ACT Equity ELTIF” or the “Fund”) through Apollo private markets SICAV, following regulatory approval by Luxembourg’s Commission de Surveillance du Secteur Financier.
The ACT Equity Eltif aims to provide European investors with access to private equity opportunities in the clean energy transition and sustainable industry sectors.
This new offering is part of Apollo’s strategy to deploy $50 billion in clean energy and climate capital by 2027. It represents an expansion of Apollo’s Global Wealth business, targeting individual investors with products traditionally available to institutional investors.
ACT Equity Eltif will be accessible in local European currencies and will be fully funded upon its launch.
In the past five years, Apollo-managed funds have invested over $23 billion in energy transition and sustainability-related investments.
The Fund will be advised by S64, with RBC as the administrator and custodian and Clifford Chance as Apollo’s legal advisor.
It is noted that the Fund may have regulatory limits impacting participation in certain transactions and is not being offered for sale in the United States.
Veronique Fournier, managing director and head of Emea global wealth, Apollo, said, “This marks another important milestone as we scale the solutions offered through our global wealth business to help meet the needs of European investors.
“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.”
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