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Apollo (NYSE:APO) and 8VC today announced a strategic partnership to accelerate the American Industrial Renaissance through flexible capital solutions tailored to high-growth companies. Through this collaboration, Apollo and 8VC intend to deploy several billion dollars to support the work of technology companies in advanced manufacturing, aerospace, energy, life sciences, logistics and natural resources.
The initiative is designed to support high-growth, capital-intensive businesses that are building large-scale physical and digital infrastructure for the future. The partnership brings together Apollo's hybrid and asset-backed solutions, structuring capabilities and long-term capital, with 8VC's deep domain knowledge, entrepreneurial ability and origination reach across transformative industrial technologies. The collaboration is also in partnership with Cadma, Apollo's affiliated platform dedicated to the innovation economy, which provides flexible financing to venture and growth companies.
"While venture capital is well suited to funding technological breakthroughs, it's not sufficient to fund the huge projects that are required to increase our national productivity with the next wave of transformative technologies like AI, robotics, autonomous systems, biotechnology and nuclear energy," said Joe Lonsdale, Founding Partner of 8VC, and a founder of Palantir. "The only way for these innovations to realize their full potential, bringing disinflation and prosperity to our economy, is by partnering with the multi-trillion-dollar private credit markets. But in my experience as both an investor and an entrepreneur, it is sometimes difficult to bridge these two worlds. That's why 8VC is excited to partner with Apollo to provide world-class founders the financial solutions they need to build enduring companies in sectors that matter deeply to economic resilience, national strength and global progress."
"There is a growing need for creative, non-dilutive capital to support the companies driving industrial innovation," said Matt Nord, Co-Head of Equity and Head of Hybrid at Apollo. "Structured and asset-backed solutions can help bridge this funding gap and unlock large pools of capital for transformative companies. This collaboration with 8VC will leverage our respective strengths to help finance and fund future-defining technology and infrastructure."
"Apollo's hybrid platform has become one of the most dynamic growth engines within the firm, enabling us to provide flexible capital across a broad swath of industries," said Reed Rayman, Partner and Deputy Co-Head of Hybrid at Apollo. "This partnership with 8VC is a great example of how we're bringing the breadth of Apollo's capabilities to support the next generation of industrial leaders."
Posted In: APO
