Apollo and 8VC unveil multi‑billion plan to fund industrial tech.

Apollo and 8VC have formed a strategic capital alliance to underwrite the next generation of US industrial technology, announcing plans to commit several billion dollars to companies building large-scale physical and digital infrastructure. The drive targets sectors from advanced manufacturing and aerospace to energy, life sciences, logistics and natural resources — areas that require patient, bespoke financing beyond conventional venture checks.

The partnership pairs Apollo Global Management’s structuring capabilities and hybrid, asset-backed instruments with 8VC’s founder-facing origination and deep sector expertise. Apollo’s hybrid platform, which supports non-dilutive and credit-style solutions, will work alongside Cadma, Apollo’s affiliated innovation finance vehicle, to craft capital packages tailored to capital-intensive growth trajectories.

Executives framed the tie-up as an effort to bridge the funding gap between early-stage venture capital and large-scale industrial project finance. Joe Lonsdale, Founding Partner of 8VC, said the move addresses a structural shortfall: breakthrough technologies often require scale and heavy capex that traditional VC cannot finance alone. Matt Nord, Co‑Head of Equity and Head of Hybrid at Apollo Global Management, emphasised the role of structured and asset-backed lending to unlock deeper pools of capital for companies building national supply‑chain capacity.

The rationale is supported by scale: as of June 30, 2025, Apollo Global Management reported roughly $840 billion of assets under management, giving the firm the balance-sheet heft and product breadth to deploy customised credit and hybrid equity solutions. The partnership also leans on the expanding private credit ecosystem — often described as a multi‑trillion‑dollar market — to scale commitments to industrial winners without forcing early equity dilution.

Looking ahead, the alliance will prioritise businesses with demonstrable revenue models, long‑dated contracts or significant tangible assets that can support structured financing. Reed Rayman, Partner and Deputy Co‑Head of Hybrid at Apollo Global Management, said the partnership is designed to support operators who can scale manufacturing floors, energy facilities or aerospace systems into durable companies. For European stakeholders, the move represents both competition and an opportunity: partnerships, supply agreements or cross‑border investment vehicles could arise as industrial capital rebalances globally.