Apollo Amends Clearway Energy Stake, Files SC 13G/A

TL;DR

**Apollo updated its passive stake in Clearway Energy as of year-end 2023.**

AI Summary

Apollo Management Holdings GP, LLC, along with its affiliated entities, filed an amended Schedule 13G/A for Clearway Energy, Inc. on February 7, 2024, indicating their ownership stake as of December 31, 2023. This filing is an amendment (Amendment No. 2) to their previous disclosures, filed under Rule 13d-1(c). This matters to investors because Apollo is a significant institutional holder, and changes in their reported ownership can signal their long-term confidence or strategy regarding Clearway Energy's stock.

Why It Matters

This filing updates the public on Apollo's passive ownership in Clearway Energy, providing transparency on a major institutional investor's position.

Risk Assessment

Risk Level: low — This is a routine amendment to a passive ownership filing, indicating no immediate significant risk or change in company control.

Analyst Insight

Investors should note that a major institutional investor, Apollo, continues to hold a position in Clearway Energy, which can be a sign of long-term confidence, but this filing itself doesn't indicate any new strategic moves or changes in their investment thesis.

Key Numbers

• $0.01 — par value per share (par value of Clearway Energy Class A Common Stock)
• 18539C105 — CUSIP Number (identifies Clearway Energy's Class A Common Stock)
• 005-87549 — SEC File Number (identifies Clearway Energy's registration with the SEC)

Key Players & Entities

• Apollo Management Holdings GP, LLC (company) — the filing entity
• Clearway Energy, Inc. (company) — the subject company
• AP KENT CREDIT MASTER FUND, L.P. (company) — a group member
• APOLLO ATLAS MANAGEMENT, LLC (company) — a group member
• December 31, 2023 (date) — date of event requiring filing

Forward-Looking Statements

• Apollo will maintain a significant, passive stake in Clearway Energy for the foreseeable future. (Apollo Management Holdings GP, LLC) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — suer) Class A Common Stock, par value $0.01 per share (Tit le of Class of Securiti

Filing Documents

• tm245174d6_sc13ga.htm (SC 13G/A) — 384KB
• 0001104659-24-011609.txt ( ) — 387KB

(a)

Item 1. (a) Name of Issuer Clearway Energy, Inc. (b) Address of Issuer’s Principal Executive Offices 300 Carnegie Center, Suite 300 Princeton, New Jersey 08540

(a)

Item 2. (a) Name of Person Filing This statement is filed by (i) Apollo Atlas Master Fund, LLC (“Atlas”), (ii) Apollo Atlas Management, LLC (“Atlas Management”), (iii) Apollo PPF Credit Strategies, LLC (“PPF Credit Strategies”), (iv) Apollo Credit Strategies Master Fund Ltd. (“Credit Strategies”), (v) Apollo ST Fund Management LLC (“ST Management”), (vi) Apollo ST Operating LP (“ST Operating”), (vii) Apollo ST Capital LLC (“ST Capital”), (viii) ST Management Holdings, LLC (“ST Management Holdings”), (ix) AP Kent Credit Master Fund, L.P. (“Kent Credit”), (x) AP Kent Management LLC (“Kent Management”), (xi) Apollo SA Management, LLC (“SA Management”), (xii) Apollo TR Opportunistic Ltd. (“TR Opportunistic”), (xiii) Apollo Total Return Master Fund LP (“TR Master Fund”), (xiv) Apollo Total Return Management LLC (“TR Management”), (xv) Apollo Total Return Master Fund Enhanced LP (“TR Enhanced”), (xvi) Apollo Total Return Enhanced Management LLC (“TR Enhanced Management”), (xvii) Apollo Credit Management, LLC (“ACM LLC”), (xviii) Apollo Capital Credit Management, LLC (“ACCM LLC”), (xix) Apollo Capital Management, L.P. (“Capital Management”), (xx) Apollo Capital Management GP, LLC (“Capital Management GP”), (xxi) Apollo Management Holdings, L.P. (“Management Holdings”), and (xxii) Apollo Management Holdings GP, LLC (“Management Holdings GP”). The foregoing are collectively referred to herein as the “Reporting Persons.” PPF Credit Strategies and Credit Strategies each hold shares of Common Stock of the Issuer. Atlas, Kent Credit, and TR Opportunistic no longer hold shares of Common Stock of the Issuer. Atlas Management serves as the investment manager of Atlas. Apollo PPF Credit Strategies Manageme

If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person

Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a: Not applicable. 25

Ownership

Item 4. Ownership. (a) Amount beneficially owned: Atlas 0 Atlas Management 0 PPF Credit Strategies 75,867 Credit Strategies 1,028,032 ST Management 1,028,032 ST Operating 1,028,032 ST Capital 1,028,032 ST Management Holdings 1,028,032 Kent Credit 0 Kent Management 0 TR Opportunistic 0 TR Master Fund 0 TR Management 0 TR Enhanced 0 TR Enhanced Management 0 ACM LLC 0 ACCM LLC 0 SA Management 34,822 Capital Management 1,189,099 Capital Management GP 1,189,099 Management Holdings 1,189,099 Management Holdings GP 1,189,099 The number of shares of Common Stock reported as beneficially owned in this Schedule 13G is as of December 31, 2023. The number of shares of Common Stock reported as beneficially owned by SA Management are held by FTIF Franklin and FASF Franklin, for which SA Management has the authority to vote and to make investment decisions. The number of shares reported as beneficially owned by Capital Management include, among others, 50,378 shares of Common Stock held by K2 Apollo, for which Capital Management has the authority to vote and to make investment decisions. The shares of Common Stock reported as beneficially owned by ST Management Holdings and SA Management are also included in the shares reported as beneficially owned by Capital Management, Capital Management GP, Management Holdings and Management Holdings GP. PPF Credit Strategies and Credit Strategies each disclaim beneficial ownership of all shares of the Common Stock included in this report other than the shares of Common Stock held of record by such Reporting Person, and the filing of this report shall not be construed as an admission that any such person or entity is the beneficial owner of any such securities for purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, as amended, or for any other purpose. The other Reporting Persons, and Messrs. Marc Rowan, Scott Kleinman and James Zelter, the manage

View Full Filing

View this SC 13G/A filing on SEC EDGAR