<article>Canada-based Brookfield Asset Management is hiring Apax Partners’ senior executive Aditya Joshi, as it looks to grow its India business, said two people directly aware of the development,requesting anonymity.</article>

Canada-based Brookfield Asset Management is hiring Apax Partners’ senior executive Aditya Joshi, as it looks to grow its India business, said two people directly aware of the development,requesting anonymity.
Joshi currently serves as a principal in Apax’s healthcare team and has been involved in a number of key deals, including Healthium Med Tech, Zensar Technologies, Chola, Global Logic and iGATE Patni, according to Apax’s website.
Joshi has been with Apax since 2010, prior to which, he worked as an analyst with private equity firm Blackstone Group, and as an associate with investment bank Morgan Stanley. A chartered accountant by profession, he holds an MBA from University of Pennsylvania’s Wharton School.
“Joshi will look after the private equity practice of the Canadian investor. While they have been looking to increase their focus on India, they also recently lost a senior executive,&#8221; said the first person cited above
In November, Mint had reported that Hardik Shah, a senior vice president with Brookfield’s India team, had moved to private equity giant KKR and Co. At Brookfield, he was responsible for sourcing and executing infrastructure deals
KKR is raising a $1.5-2 billion infrastructure fund for Asia.
To bolster its focus on Indian investments, Brookfield had hired Nawal Saini, director, infrastructure, at Canada’s second largest pension fund Caisse de dépôt et placement du Québec (CDPQ). Saini was hired last year to lead the firm’s investments in the renewable sector
Brookfield came into possession of 300 megawatts of renewable assets in India after acquiring Terra Form Global Inc. for $750 million. Brookfield’s investments in India have focused on real estate and infrastructure
In August, 2015, Brookfield had made its maiden investment in the Indian infrastructure space with the acquisition of the road assets of Gammon Infrastructure Projects Ltd.
In 2016, it had signed an agreement to acquire the office and retail assets of Hiranandani Developers Pvt. Ltd in Mumbai’s Powai at a valuation of about $1 billion. Last year, it had bought out Equinox Business Park, a commercial property in Mumbai’s Bandra-Kurla Complex, from the Essar Group for₹2,400 crore. Mint reported on 17 December 2018, that Brookfield is in advanced talks to buy luxury hotels and a large land parcel owned by debt-ridden Hotel Leela venture Ltd for about ₹4,500 crore. The Canadian investor manages over $330 billion in assets, globally.
This article was first published on <a href="https://www.livemint.com/">livemint.com</a>

Canada-based Brookfield Asset Management is hiring Apax Partners’ senior executive Aditya Joshi, as it looks to grow its India business.

Brookfield to hire Apax Partners’ Aditya Joshi to grow India business

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