Apollo Funds to Acquire 50% Stake in Broad Reach Power from EnCap

NEW YORK and HOUSTON, Nov. 22 (Korea Bizwire) — Apollo (NYSE: APO) and EnCap Energy Transition Fund I (“EETFI”) today announced that funds managed by Apollo affiliates (the “Apollo Funds”) have agreed to acquire a 50% stake in Broad Reach Power LLC (“Broad Reach”), a leading utility-scale energy storage and renewable energy platform in the [...]