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Zenergy and Apollo Global Management form partnership

Zenergy Inc.

Zenergy Inc. and funds managed by affiliates of Apollo Global Management LLC (NYSE:APO) have formed a partnership to invest in the acquisition and development of upstream and midstream oil and gas properties.

The partnership was formed effective May 1, with total committed capital of $700 million from funds managed by affiliates of Apollo and $55 million from Zenergy, its affiliates, and management team. The partnership, Zenergy LLC, will focus on assets in the US Mid-Continent, Texas, and Arkansas-Louisiana-Texas regions.

Jefferies Inc. served as financial advisor to Zenergy.

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