According to Zhito Finance APP, apollo global management (APO.US) has reached an agreement with banco santander (SAN.US) to invest in a $0.37 billion infrastructure loan portfolio.

It is understood that while banks remain the largest providers of infrastructure crediting, regulatory requirements make it more costly for banks to hold such assets on their balance sheets. This creates an opportunity for private capital firms like apollo, which are not subject to the same regulations, to hold bank loans.

This shift helps free up funds for banks to issue more loans. Marcel Patino, global head of private debt mobilization at banco santander, stated: "As we continue to accelerate our business transformation, we remain committed to mobilizing private debt to create additional capital for profitable growth."

In recent years, apollo has established various types of partnerships with banks, including deals with Citigroup (C.US) and BNP Paribas (BNPQY.US), to facilitate crediting formation. Moreover, this private capital giant plans to invest $50 billion in clean energy and climate investments by 2027, and in the past five years, it has invested over $40 billion in energy transition and climate-related investments.

Last month, apollo's co-head of european credit Leslie Mapondera stated that he believes an "industrial renaissance" is becoming part of the energy transition. The deal with banco santander is led by apollo's subsidiary Apterra, which specializes in financing infrastructure projects.