Blackstone's Credit and Insurance Unit Announces First India Hire
The credit and insurance arm of alternatives manager Blackstone has announced its first hire in India.
Blackstone Credit & Insurance (BXCI) has appointed Apurva Shah as managing director to lead private credit origination in India, according to a statement. In the role, he reports to Mark Glengarry, head of APAC for private credit strategies.
Shah has over 26 years of experience in leveraged finance, securitization, structuring, M&A advisory and capital markets, including two decades in senior roles at Deutsche Bank. He also previously worked at Citigroup, DSP Merrill Lynch and Dresdner Kleinwort Benson.
Local History
According to Blackstone, it has been a longstanding investor in India for 20 years across with a strong presence across its real estate and private equity businesses. The latest appointment marks the first hire in the country for its credit and insurance business.
«Building our private credit capabilities in India is a natural evolution of the business – we have two decades of experience partnering with leading Indian businesses and supporting their growth, and now there’s an opportunity to help finance their next phase of expansion and parts of the economy more broadly,» said Glengarry.
