Apollo sets up Asia real estate pvt equity platform

Nipun Sahni, former managing director and head, India, real estate investment group at Bank of America-Merrill Lynch and founder and chief executive officer at Rezone Investment Advisors, has joined US-based Apollo Global Management as partner and head of real estate, India.

Apollo is setting up real estate private equity platforms in Asia with offices in Shanghai, Hong Kong and Delhi, among other cities. Other team members of Sahni at Rezone have also joined Apollo in India.

Sahni has joined Apollo along with Philip Mintz, founder of Venator real estate private equity, and his China team. Mintz will be heading Apollo's Asia real estate private equity platform.

Apollo has absorbed $500-million assets under management of Venator, which was a China dedicated fund. It has not yet firmed up its new fund raising plans, said Sahni.

Read Full Story: Apollo sets up Asia real estate pvt equity platform