Private equity giant Apollo bets US $20 billion on Mexico’s infrastructure buildout 

Apollo Global Management, one of the world’s largest alternative asset managers, is planning to launch a fund of up to US $20 billion in private credit to finance diverse projects in Mexico, in a move that seeks new opportunities for its private lending business.

Sources familiar with the matter who spoke on condition of anonymity told Bloomberg Online that conversations are underway to finance infrastructure projects through private lending structures, a market that has gained traction as an alternative to traditional bank financing. 

Apollo’s fund for private credit aligns with Plan México, which seeks to boost economic development through combining public spending with private funding for strategic projects, including renewable energy infrastructure. (Zbynek Burival / Unsplash)

Such sources indicated that Apollo offers faster closing times and longer-term financing than commercial or development banks. Bloomberg Online said Apollo declined to comment.

The potential deal comes as President Claudia Sheinbaum’s administration seeks to mobilize private capital for priority projects under Plan México, its flagship economic development strategy.

The 2026–2030 Plan México includes a significant boost to transportation, energy, and strategic projects, and opens the door to mixed structures where private capital complements public spending.

Apollo’s potential move also aligns with one of its key long-term priorities, which anticipates that up to US $100 trillion will be needed in the coming decades to finance global digital infrastructure and meet energy demands worldwide. 

Bloomberg reported that the asset manager aims to finance a significant portion of this amount, which may require collaboration with Wall Street banks.

Although the initiative is still taking shape and the projects’ pipeline is being defined,  initiatives related to power plants, renewable energy, and modernization of the electrical grid have begun to gain momentum.

Apollo has also shown interest in financing Mexican companies, from large corporations to SMEs  (small and medium-sized enterprises) with long-term debt instruments that are usually beyond the reach of traditional banks.

Apollo is not a new player in the Mexican market. 

Earlier this year, one of its units structured a US $300 million private placement for a trust managed by Mexico Infrastructure Partners, linked to the power plants acquired by the government from Iberdrola. It also previously participated in the financial rescue of Aeroméxico and backed a bid to acquire Banamex.

Apollo’s potential entry also reflects the expansion of private lending in Latin America.

According to data from the Latin American Private Equity Association (LAVCA), 60 private lending transactions totaling US $1.1 billion were completed in Mexico during 2025, a figure lower than in 2024, but considerably higher than that recorded just three years earlier, pointing to a market in the process of consolidation.

Mexico News Daily

1 COMMENT

Have something to say? Paid Subscribers get all access to make & read comments.
woman walking with an umbrella through heavy rain

Tropical Storm Vance heads toward Sinaloa, bringing more heavy rainfall to northwest Mexico

0
On Wednesday, rainfall totals of 75 to 150 millimeters are expected in central and southern Sinaloa, Nayarit, Durango, the southern tip of Baja California Sur and the coast of Jalisco.
Hurt person who received medical care from the Mexican Red Cross at the Oct. 11 protest in Guadalajara demanding clean tap water

Protesters file complaints with Attorney General’s Office alleging torture at hands of Jalisco state police officers

3
Officers are alleged to have physically and verbally abused dozens of demonstrators protesting foul tap water in Guadalajara on Oct. 11, later holding them for hours in dismal conditions and, in some cases, torturing them.
cempasúchil

With Day of the Dead less than a week away, Mexico City’s cempasúchil production hits record heights

0
The Mexican marigold is an essential part of Day of the Dead traditions, as an adornment on altars, or, for those who take the dead's visitations literally, as a path of strewn petals leading the departed to the door.
BETA Version - Powered by Perplexity