Apollo Global Management’s India partner Nikhil Gahrotra is reportedly joining CVC Capital while Aquila Clean Energy APAC has appointed Dennis Freedman as the managing director for the ANZ region.
Apollo Global India partner to join CVC Capital
Nikhil Gahrotra, a partner at Apollo Global Management Inc in India, will leave the company to join alternative asset manager CVC Capital Partners’s private equity team according to a Bloomberg report.
Citing sources, the report added that Gahrotra will leave the firm to join CVC in August. Gahrotra had been with Apollo since 2016 and was most recently a partner in its financial institutions group where he advised on India-focused investments. In addition, he led Apollo’s credit strategy in the country.
CVC manages more than $150 billion of assets and invests across private equity, secondaries and credit. The private equity firm recently raised the world’s biggest-ever buyout fund and has nine employees in its Mumbai office, according to information on its website.
CVC’s investments in India include Gujarat Times, one of the newest teams in the Indian Premier League; HealthCare Global, a cancer care provider; and Sajjan India, a contract manufacturer of specialty chemicals.
Aquila Clean Energy APAC names ANZ region head
Aquila Clean Energy APAC, a platform that funds, develops, builds and operates clean energy assets, has appointed Dennis Freedman as managing director and head of Australia & New Zealand.
Freedman’s appointment builds on the company’s ambitions for expansion in the ANZ region. Aquila Clean Energy APAC is part of Aquila Group, a sustainable investment and alternative asset management company that manages around EUR 14.9 billion (A$24.6 billion) of assets.
The firm aims to tap industry veteran Freedman’s deep knowledge of ANZ’s clean energy landscape to build out its project development pipeline and see its current roster of assets under development
brought to life, it said in the statement.
The platform has been actively stepping up its regional activities in key markets and investing in local offices and teams. It recently reached the financial close for its Kimitsu solar project in Japan. The firm is also looking to expand its activities in Taiwan and South Korea along with Japan.