Twitter LinkedIn
    Thursday, June 30
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Investments»Apollo Makes $1 Billion Bet on Indian Property With Lending Plan
    Investments

    Apollo Makes $1 Billion Bet on Indian Property With Lending Plan

    May 16, 2022Updated:May 16, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    FILE PHOTO: Marc Rowan of Apollo Global Management LLC participates in the "Finding Opportunities in Restructuring in the Year Ahead" panel at the 2010 Milken Institute Global Conference in Beverly Hills, California April 28, 2010. REUTERS/Phil McCarten
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Apollo Global Management Inc. is planning to lend about $1 billion to developers in India this year, betting on a recovery in the residential property market as the pandemic eases.

    That’s up from the $750 million that Apollo lent to Indian developers last year, with two-thirds of that sum directed to residential projects, according to Nipun Sahni, a partner at the private equity firm. About 70% of this year’s lending will go to home builders and the rest to commercial developers.

    Apollo, which opened its Mumbai office in 2008, currently manages about $513 billion of assets globally, according to its website. The firm began lending to Indian property developers in 2017. 

    Read more: BNN Bloomberg

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Investments PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Bob Diamond’s private equity firm raises funding from Qatar

    June 29, 2022

    KKR takes back seat in Toshiba bidding process

    June 29, 2022

    Twin Bridge Capital Partners closes fifth flagship fund at over $880m

    June 29, 2022

    Blackstone dealt legal setback after $5bn low-income housing deal

    June 29, 2022

    Comments are closed.

    Other Articles

    Abu Dhabi’s Mubadala Capital closes $1.6bn for private equity Fund III

    August 19, 2021

    CVC serves up $600m global tennis merger as ATP and WTA eye match-up

    June 7, 2021

    Wells Fargo sells asset manager for US$2.1B to reshape bank

    February 28, 2021

    Triple Point appoints new COO of leasing and lending team

    April 29, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?