Apollo partners with Motive to capitalize on FinTech transformation

By Pavithra R

Apollo, a high-growth, global alternative asset manager, has announced entering into a strategic and financial partnership with Motive Partners, a specialist private equity firm focused on financial technology investments, to capitalize on significant technological transformation and innovation in financial services.

The collaboration ims to enhance investment opportunities for clients and accelerate the growth of both platforms. Terms of the transaction were not disclosed.

As part of the agreement, Apollo will acquire up to a 24.9% minority stake in Motive’s management company and Apollo and its affiliates will become limited partners in Motive managed vehicles. These commitments expect to enhance Motive’s ability to execute on its differentiated investment strategy within financial technology, with an increased ability to transact on its proprietary pipeline.

“There is a technology-driven transformation underway in financial services and Apollo is well-positioned to occupy the single best position in this evolving ecosystem. Rob and the Motive teams’ exceptional financial technology expertise and network will significantly enhance our efforts to expand and improve technology capabilities throughout our entire platform–broadening distribution across new and existing channels and developing new product offerings for our asset management and retirement services businesses. Innovation is core to Apollo’s growth strategy and this partnership underscores our goal to be at the forefront of technological innovation in our industry,” said  Marc Rowan, Chief Executive Officer of Apollo.

For Apollo, the alliance will accelerate innovation and growth, with Motive serving as a strategic innovation partner to Apollo, its affiliates, and its funds’ portfolio companies. Motive Create, the company’s in-house innovation team, will work with Apollo on various focus areas, including technology innovation across its platform, new product development and distribution, and investment origination.

“Since our inception, we have prided ourselves on having an unparalleled level of expertise, knowledge and access in the financial technology ecosystem. As financial technology begins to intersect with every sector on the planet, this is an opportune time to develop a partnership with a group that shares our ambitions and can support our efforts to capitalize on the significant market opportunity before us. It is a privilege to be partnering with Marc, Jim, Scott, Gary and the Apollo team, for whom I have developed great respect. The evolution of Motive Create is an immediate demonstration of our collective understanding and commitment to building value in financial technology via the execution of operating and innovating expertise,” said Rob Heyvaert, Founder & Managing Partner at Motive Partners.

Both firms believe that the financial services industry will continue to undergo significant transformation over the next decade, characterized by purpose, inclusivity, digital efficiency, and connectivity. The strategic partnership between Apollo and Motive is positioned to accelerate the integration of innovative technologies to collectively address this significant market opportunity together and enhance their respective portfolios.