If you see a big number like $20 billion attached to a plan, there is usually a reason behind it. Apollo Global Management thinks Mexico is where the action is heading, and it is putting serious money behind that idea.
The focus is on private credit - a type of loan that companies and governments use instead of going to a big bank - and infrastructure. Apollo's CEO Mark Rowan said the region "should be the driving economic force in the world for the next 50 years." That is a big claim. Here is why Apollo thinks so, and what it has already done to back it up.
Mexico's government under President Claudia Sheinbaum is actively courting private capital to pay for infrastructure. Apollo is stepping into that opening. The firm says it can close deals faster and offer longer repayment terms than traditional banks, which gives it an edge in a country hungry for investment dollars.
Apollo is not starting from scratch in Mexico. In 2020, the firm used $1 billion to rescue Grupo Aeromexico after the airline filed for bankruptcy. In a more recent transaction, an Apollo unit arranged a $300 million offering of senior secured notes - debt backed by collateral - for a trust overseen by Mexico Infrastructure Partners.
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Those notes do not mature until 2039. The deal covers power plants the Mexican government bought from Spanish energy company Iberdrola in 2024.
Apollo also made a run at a bigger prize. It backed Banca Mifel SA in an unsuccessful 2022 bid for Citigroup's Mexican retail unit Banamex. That deal did not happen, but it showed Apollo was serious about Mexico before the current push.
The broader private credit market in Mexico is small but growing. According to LAVCA, an organization that tracks private capital in Latin America, there were 60 private credit deals in Mexico in 2025, totaling $1.1 billion. That is up from 55 deals in 2024, though the total dollar amount was higher that year at $2.1 billion.
To give that context, three years before 2025, only $675 million in private credit was deployed in Mexico total. The market is still tiny compared to Apollo's $20 billion target, but it is moving.
The big picture matters more than any single deal. Apollo projects that global digital and power infrastructure will require up to $100 trillion in investment over the next several decades. Data centers, power grids, and renewable energy projects do not build themselves. Someone has to pay for them, and that money has to come from somewhere.
Mexico is one of the places where that money is starting to flow. Apollo is in talks to finance more infrastructure projects and other debt deals there. Early momentum is coming from transactions involving power plants, renewable energy, and grid modernization, even though a complete project pipeline has yet to take shape.
The bottom line: When a giant like Apollo puts $20 billion into a single country's infrastructure and private credit, it signals where big money sees opportunity. For investors, that means paying attention to sectors like energy, power, and logistics in Mexico. The deals are early, and no pipeline is guaranteed. But the direction is clear - and it is worth watching where that cash lands next.
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