(Bloomberg) -- Apollo Global Management Inc. hired AMP Capital executive Dylan Foo as a partner overseeing infrastructure, according to people with knowledge of the matter.
Foo, who spent 13 years at AMP Capital, will start at New York-based Apollo after a period of gardening leave, according to one of the people, who requested anonymity because the appointment is not yet public. Simon Ellis, an AMP Capital partner based in the U.K., will relocate to the U.S. to succeed Foo in leading Americas infrastructure equity, the firm said in a statement.
An Apollo representative declined to comment, and Foo couldn’t be reached for comment.
Apollo has been seeking to fill the role since at least February, when Bloomberg News reported that the firm was seeking to capitalize on investor interest in the sector, which has already been tackled by rivals like Blackstone Group, Carlyle Group and KKR & Co. It has acquired a $1 billion portfolio of energy infrastructure assets from General Electric Co. and in March agreed to buy a majority stake in DCLI, a marine and domestic chassis provider, from EQT Infrastructure.
Infrastructure, part of the real assets division, accounted for $2 billion of the Apollo’s assets under management as of June 30, a small fraction of the firm’s $312 billion in total assets under management.
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