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Apollo Global Management – Acquisition of operations in India

The New York-based alternative investment firm Apollo Global Management has acquired from the New York-based investment firm, JP Morgan Asset Management, its real estate platform for an undisclosed price. The platform comprises two real estate opportunistic funds (JP Morgan India Property Fund & JP Morgan India Property Fund II) managed by JPMorgan Asset Management. Investors in the funds include the Firefighters Retirement System of Louisiana with a $8.9 million commitment, and the Michigan Department of Treasury.