Cerberus appoints head of India as it expands credit platform in the region

Cerberus Capital Management has appointed long-time executive Rahul Sangwan as Head of India, strengthening its leadership structure as it continues to scale its credit and multi-strategy investments in the country.
Based in Mumbai, Sangwan will oversee the firm’s India franchise and lead its next phase of expansion across credit and related investment strategies. He will work closely with Allen Ukritnukun, Cerberus’ head of international credit and distressed debt, as the firm seeks to deepen its presence in one of its key growth markets.
Sangwan has been with Cerberus for 15 years as part of its international credit business, where he has executed transactions across multiple regions and played a central role in building the firm’s India platform since the opening of its Mumbai office in 2019. He has also been instrumental in establishing Cerberus as a notable credit investor in the country.
Cerberus Capital Management said India has become an increasingly important market as corporates seek alternative financing solutions to support growth. The firm highlighted strong local demand and a growing pipeline of credit opportunities across the region.
In his expanded role, Sangwan will also take on executive responsibility for Cerberus’ broader India operations. The firm maintains a significant operational presence in Mumbai, with more than 65 professionals supporting its global investment and infrastructure activities.
Cerberus, founded in 1992, manages approximately $70bn in assets across credit, private equity and real estate strategies, investing across the capital structure where it sees opportunities to enhance value through its integrated investment and operational capabilities.