Impact of 2020 on Infrastructure Investing

The year 2020 served as a significant test for the infrastructure asset class amid unprecedented challenges posed by the COVID-19 pandemic. Despite disruptions, telecom investments rose notably, reaching 16%, while renewables surged to 28%—indicating a shift in investment preferences during tough economic times. Apollo Global Management's response involved a strategic approach by emphasizing communication with stakeholders and adapting an investment strategy that distinguished between defensive and offensive tactics. By prioritizing the health and safety of employees and ensuring liquidity in their portfolio companies, they managed to navigate the year effectively and even identified dislocated investment opportunities.