Apollo Hires Brookfield’s Andrew Brausa for Homebuilder Finance

Apollo Global Management Inc. hired Brookfield Asset Management’s head of homebuilder capital, Andrew Brausa, according to people with knowledge of the matter.

Brausa will lead the alternative asset manager’s move into homebuilder lending, said the people, who asked not to be identified because the move hasn’t been announced publicly.

Apollo intends to scale homebuilder finance into a multibillion-dollar product, with its asset-backed finance strategy and Athene insurance arm expected to participate, the people said. Brausa will work for Apollo’s MidCap Financial business.

Representatives for Apollo and Brookfield declined to comment.

Brausa, who joined Toronto-based Brookfield in 2017, has ...