Core Insights - Blackstone Inc. has appointed Apurva Shah to a key position in its private credit and insurance business in India to address the growing demand for credit in the country [1][2] Company Developments - Shah is the first hire for credit in India and will report to Mark Glengarry, head of Asia Pacific private credit strategies at Blackstone Credit & Insurance (BXCI) [2] - Under Glengarry's leadership, the BXCI team has doubled in size over the past three years, expanding its presence to Hong Kong, Japan, Australia, and Singapore [4] Market Context - Global funds have regained a dominant position in India's private credit market, accounting for 68% of the $9 billion in private credit deals recorded in the first half of the year [5] - BXCI currently manages $484 billion in assets, reflecting a threefold increase since 2020 [4]