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Who has acquired JP Morgan's real estate fund management platform in India?
  • a)
    TPG Capital
  • b)
    Apollo Global Management
  • c)
    Oaktree Capital Management
  • d)
    CEVA Logistics
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
Who has acquired JP Morgan's real estate fund management platform ...
Apollo Global Management, alternative asset managers, has acquired JP Morgan's real estate fund management platform in India. JP Morgan's real estate fund management platform consists of 2 funds of vintage 2007 and 2014 with aggregate assets under management of about $300 million. These funds have 14 investments in 6 cities and 10 joint venture partners. After this acquisition, some JP Morgan's members handling real estate fund management platform in India will be integrated into Apollo Global's on-ground team. This deal is claimed to be the largest transfer of a fund manager in the Indian real estate industry.
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Who has acquired JP Morgan's real estate fund management platform ...
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Who has acquired JP Morgan's real estate fund management platform in India?a)TPG Capitalb)Apollo Global Managementc)Oaktree Capital Managementd)CEVA LogisticsCorrect answer is option 'B'. Can you explain this answer?
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