Apollo India Real Estate Partner Leaves in Strategy Shift [BNN Bloomberg (Canada)]
Apollo Global Management, Inc. (New) (APO)
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Source: BNN Bloomberg
Apollo Global Management Inc.'s partner for real estate in India, Nipun Sahni, is leaving the firm, according to people familiar with the matter. Sahni, who joined Apollo in 2015 and is responsible for investments in India, is departing amid a shift in Apollo's property strategy in the region, said the people, who declined to be identified because the information is private. Apollo began winding down its Asia real estate equity fund last year, but said it planned to continue its involvement in real estate debt and special situations in the region. Arpito Mukerji, a managing director in Apollo's real estate group responsible for sourcing and overseeing real estate investments in India, is also leaving the firm, one of the people said. A representative for Apollo declined to comment. Sahni and Mukerji didn't immediately respond to requests for comment. Sahni will continue to serve as an adviser to Apollo for a year, the people said. The real estate team in India will continue t
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