Nikhil Gahrotra, a partner at Apollo Global Management Inc. in India, is departing from the company to join CVC Capital Partners’ private equity team, an alternative asset manager.
Additionally, he led Apollo’s credit strategy in the country. In August, Gahrotra will leave Apollo to commence his role at CVC.
The sources requested anonymity as this information is confidential.
CVC, a European private equity firm, manages an asset portfolio exceeding $150 billion.
Their investments span across private equity, secondaries, and credit. Recently, the firm raised the world’s largest-ever buyout fund.
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As per the firm’s website, CVC boasts nine employees based in their Mumbai office.
A spokesperson for CVC declined to comment, while both Gahrotra and an Apollo representative did not respond to email inquiries seeking their input.
In India, CVC has made investments in various ventures, including Gujarat Titans, a recently established team in the renowned cricket league, the Indian Premier League.
Other holdings in the country include HealthCare Global, a provider of cancer care, and Sajjan India, a contract development and manufacturing organization specializing in specialty chemicals.
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