Indranil Ghosh, who previously led Asia special situations at Cerberus Capital, has transitioned to Apollo Global Management as co-head of hybrid investments for India. Based in Singapore, Ghosh is anticipated to move back to India for this new role, collaborating with Suresh Maramreddy, a managing director at Apollo. Cerberus Capital, which boasts a loan book exceeding $1 billion in India, has significant investments in bonds issued by Shapoorji Pallonji group companies, with exposure estimated between $700-800 million. Meanwhile, Apollo Global Management, which manages $840 billion in assets globally, is looking to enhance its private credit business in Asia and aims to double its investment portfolio in India from $2 billion. This move follows a series of personnel changes at both firms, including the recent exit of Apollo's India head of private equity, Utsav Baijal, to Bain Capital.