Blackstone Tape Apurva Shah of Deutsche Bank for the best role of private credit

Blackstone Inc. hired Apurva Shah for a leading role in its credit and private insurance activity in India, because the alternative asset manager seeks to enter the country’s growing credit demand.

Shah, the first rental of the company for credit in India, will report Mark Glengarry, head of private credit strategies in Asia-Pacific at Blackstone Credit & Insurance, known as BXCI, according to a Blackstone spokesperson.

“The construction of our private credit capacities in India is a natural development of the company,” Glengarry said in a statement sent by e-mail. “We have two decades of experience in partnership with the main Indian companies and supporting their growth, and now there is an opportunity to help more broadly finance their next expansion phase and certain parts of the economy.”

Apurva has more than 26 years of experience in leveraging finances, titles, structuring, mergers and acquisitions and capital markets. He worked for two decades in management positions at Deutsche Bank AG, after working with other banks, including Citigroup Inc.

According to team BXCI, under the three years since its creation in the region, the BXCI team has doubled during the three years since its creation in the region. He is now present in Hong Kong, Japan, Australia and Singapore. BXCI manages $ 484 billion in management assets, representing a triple increase since
2020.

The global funds have found domination in the private credits market in India, which stimulates the majority of capital flows in transactions this year. Funds abroad had a share of 68% at a value of $ 9 billion in private credit offers recorded in six months until June, according to a report by the World Consulting Company EY.

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