Apollo’s new pocket rocket
Apollo Private Markets has launched its latest pocket rocket: the Apollo Clean Transition Equity ELTIF (“ACT Equity ELTIF”). The addition to its Luxembourg SICAV will give European wealth investors the opportunity to tap in to a universe of private equity investments in energy transition and sustainability. It’s a welcome boost for Europe’s ELTIF fund vehicle, an updated version of which will be introduced in January 2024 to entice private market practitioners to invest in the real economy. Apollo’s fund is the latest ACT of its investment narrative, as it hopes to commit $50 billion to clean energy and climate capital by 2027. European investors will be hoping Apollo’s ACT Equity ELTIF will take them to the moon!