Apollo-backed Athene completed the acquisition of Petros PACE Finance.

Apollo-backed Athene, a financial services company focused on retirement savings solutions, completed the acquisition of Petros PACE Finance, a provider of long-term, 100% financing for energy retrofits on commercial properties. Financial terms were not disclosed. “This transaction is a compelling opportunity to partner with the Company and its best-in-class team at the center of the ESG movement in commercial real estate, while building on our longstanding strategy of investing in businesses that add direct origination sourcing capabilities to our alpha-generating investment portfolio,” Jim Belardi, Athene Chairman and CEO.