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Apollo to hire India credit chief on expectation that debt markets will grow

Apollo is prioritizing joint ventures with partner firms, as it’s done in other markets such as Australia and South Korea, and has built a lending origination platform for Asia Pacific, according to Matthew Michelini, who heads the business in the region

Source | economictimes.indiatimes.com | Preeti Singh, Bloomberg

Private equity giant Apollo Global Management Inc. is recruiting a leader for its credit team in India on expectations its debt market will grow as companies look for new funding avenues.

Apollo is prioritizing joint ventures with partner firms, as it’s done in other markets such as Australia and South Korea, and has built a lending origination platform for Asia Pacific, according to Matthew Michelini, who heads the business in the region. It’s teamed up with non-bank lender MaxCap Group and investment firm Challenger Ltd. in Australia, and has a private credit joint venture with Korean Belstar Group.

The New York-based asset manager has 60 investment professionals covering Asia Pacific and most of them are in India, also home to its largest office outside the US.

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Source
economictimes.indiatimes.com
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