Apollo Global Management Inc. has agreed to invest in Motive Partners, a specialist private equity firm focused on financial technology investments. As part of the strategic partnership, Apollo will acquire up to a 24.9 percent minority stake in Motive’s management company and Apollo and its affiliates will become limited partners in Motive managed vehicles.

Marc Rowan, chief executive officer of Apollo, commented, “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.”

Rob Heyvaert, founder and managing partner at Motive Partners, commented: “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.”