Gearing up for an investment push, real estate private equity funds go on a hiring spree

January, 2020

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MUMBAI: Sanjay Grewal, IDFC’s board member is joining Altico Capital, the nonbanking financial arm of Clearwater Capital. RK Narayan of JM Financial Real Estate Fund is moving to head the $400 million real estate fund of Macquarie Group. There are more than half a dozen top-level hires in the last couple of months among real estate private equity funds.

Some of the other top-level moves include Nipun Sahni who is joining the real estate investing business of Apollo as its India head and Yash Nadkarni who has joined as the managing director in charge of real estate investing at global private equity fund KKR. Besides these moves, global funds such as Canada Pension Plan Investment Board (CPPIB), Piramal’s real estate arm, Brookfield, ASK Group and US-based Hines have also either already expanded their real estate teams or have mandated headhunt.


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