Apollo Global Management is planning to deploy up to $20bn into private credit opportunities in Mexico, as the firm expands its lending business and seeks to capitalise on growing demand for private financing across the country’s infrastructure and corporate sectors, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that Apollo is in discussions over financing a range of infrastructure developments as well as other debt transactions. The firm is said to be offering borrowers faster execution and longer loan maturities than are typically available from commercial or development banks.
The move aligns with the Mexican government’s efforts to attract private capital to support infrastructure investment under President Claudia Sheinbaum’s economic agenda. Projects spanning power generation, renewable energy and electricity grid modernisation are expected to create significant financing opportunities, although the pace of project development has at times been slower than anticipated.
Apollo has identified infrastructure financing as one of its key long-term growth areas. The firm has previously estimated that as much as $100tn of investment will be required globally over the coming decades to support digital infrastructure, power generation and energy transition projects, creating a substantial opportunity for private capital providers.
The firm already has an established presence in Mexico. Earlier this year, an Apollo affiliate participated in a $300m private placement of senior secured notes for a trust managed by Mexico Infrastructure Partners, financing power assets previously acquired from Iberdrola. Apollo also provided a $1bn rescue financing package for Aeromexico during the pandemic and has previously explored acquisitions in the country’s financial services sector.
The latest initiative also reflects Apollo’s broader strategy of expanding private credit beyond North America and Europe into faster-growing emerging markets. The firm has previously highlighted opportunities to lend to both investment-grade corporates and small and medium-sized enterprises across Mexico.
Private credit has become an increasingly important source of financing across Latin America, with direct lending remaining the dominant strategy. Industry data shows private credit activity in Mexico reached 60 transactions worth approximately $1.1bn in 2025, following 55 deals valued at $2.1bn in 2024, illustrating continued demand despite fluctuations in annual deal volumes.
