Blackstone https://www.alpha-week.com/ en Blackstone Merges Credit, Insurance Businesses, Names Gilles Dellaert Global Head https://www.alpha-week.com/blackstone-merges-credit-insurance-businesses-names-gilles-dellaert-global-head <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Merges Credit, Insurance Businesses, Names Gilles Dellaert Global Head</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Wed, 09/13/2023 - 14:04</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span><span><span><span>Blackstone is integrating its corporate credit, asset-based finance, and insurance groups into a single new unit, Blackstone Credit &amp; Insurance (BXCI). BXCI will offer a 'one-stop' solution across corporate and asset-based, as well as investment grade and non-investment grade, private credit.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>“We see the opportunity for BXCI, along with Real Estate Credit, to reach $1 trillion in the next ten years," said Steve Schwarzman, Co-Founder, Chairman and CEO of Blackstone.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>“Exceptional demand from our clients has made Credit and Insurance the fastest-growing segment at Blackstone. This integration allows us to be an even more effective lender and more comprehensively serve our insurance, pension fund and private wealth clients," added Jon Gray, President &amp; COO of Blackstone.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Gilles Dellaert, Global Head of Blackstone Insurance, will serve as Global Head of BXCI and lead the business’s combined operations. Since Dellaert joined the firm in 2020, Blackstone has nearly tripled the assets it manages for insurance clients. Major new partnerships include Corebridge (f/k/a AIG Life &amp; Retirement), Everlake (f/k/a Allstate Life &amp; Retirement) and Resolution Life in addition to F&amp;G Annuities &amp; Life.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Dwight Scott, Global Head of Blackstone Credit, will serve as Chairman of BXCI, prioritizing client relationships, key growth initiatives, and the further expansion of the firm’s European platform. Scott is a nearly 20-year veteran of Blackstone.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>“I am excited to take on this new role and believe that there is immense white space to continue expanding our leading credit and insurance platforms. Bringing together nearly all of the firm’s credit activities further extends the competitive advantage of Blackstone’s scale, private origination capabilities, and intellectual capital – helping us better serve our clients," said Dellaert.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>“The combined BXCI team will deliver the best of Blackstone to our investors and borrowers. We believe we are still in the early innings of a megatrend in private credit. Particularly in today’s elevated base rate environment – and given the senior-secured structure of many of our products – we believe it is currently the best risk-adjusted environment for this asset class in decades," added Scott.</span></span></span></span></span></span></p> <p><span><span><span>Jonathan Pollack will continue to lead Blackstone’s $67bn real estate credit business as Global Head of Real Estate Credit.</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/alternative-credit-firm-and-fund-news" hreflang="en">Alternative Credit Firm And Fund News</a></div> <div class="field__item"><a href="/directory/blackstone" hreflang="en">Blackstone</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=10214&amp;2=bookmark" token="BweGmqZZoxI0-trrTspL64b53roZlfYjQvAIGbiPAs8"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Wed, 13 Sep 2023 13:04:37 +0000 AlphaWeek Staff 10214 at https://www.alpha-week.com Blackstone Closes Energy Transition Private Credit Fund https://www.alpha-week.com/blackstone-closes-energy-transition-private-credit-fund <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Closes Energy Transition Private Credit Fund</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Thu, 08/10/2023 - 13:50</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>Blackstone has held the final close of its energy transition credit fund, Blackstone Green Private Credit Fund III, at its hard cap of $7.1bn.</span></span></span></p> <p><span><span><span>“Blackstone has built a premier platform focused on private credit in the energy transition and infrastructure markets. We are grateful for the trust from our limited partners and look forward to investing in this favorable market environment," said Dwight Scott, Global Head of Blackstone Credit.</span></span></span></p> <p><span><span><span>“The energy transition is impacting large sectors of the economy and is resulting in a growing need for efficient private capital. We believe our experience and scale will enable Blackstone Credit to deliver flexible solutions to companies driving this historic transition and generate compelling returns for our investors," added Robert Horn, Global Head of the Sustainable Resources Group for Blackstone Credit.</span></span></span></p> <p><span><span><span>BGREEN III is managed by <span><span><span>Blackstone Credit’s Sustainable Resources Platform</span></span></span>, which focuses on providing private credit to the renewable energy, infrastructure, and energy transition marketplace. The Platform has approximately 40 investment professionals across North America, Europe, and Asia and invests across the credit spectrum in investment grade credit, non-investment grade credit, preferred and convertible securities.</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/alternative-credit-firm-and-fund-news" hreflang="en">Alternative Credit Firm And Fund News</a></div> <div class="field__item"><a href="/directory/blackstone" hreflang="en">Blackstone</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=10179&amp;2=bookmark" token="JQzdiF9tZpPdTRsjKoTG5ycsqdFXEnbmFmLPUyT8UCc"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Thu, 10 Aug 2023 12:50:07 +0000 AlphaWeek Staff 10179 at https://www.alpha-week.com Blackstone Charitable Foundation Commits $5mn To Five New Colleges in Florida https://www.alpha-week.com/giving-back/blackstone-charitable-foundation-commits-5mn-five-new-colleges-florida <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--giving-back.html.twig x field--node--title.html.twig * field--node--giving-back.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Charitable Foundation Commits $5mn To Five New Colleges in Florida</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--giving-back.html.twig x field--node--created.html.twig * field--node--giving-back.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Thu, 12/08/2022 - 14:02</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--giving-back.html.twig * field--node--body.html.twig * field--node--giving-back.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>The Blackstone Charitable Foundation has committed $5mn over three years to expand LaunchPad, its entrepreneurial skills-building program to help students launch successful companies and careers, at five new colleges, including one Historically Black College and University (HBCU) and three Hispanic Serving Institutions (HSIs) in Florida.</span></span></span></p> <p><span><span><span>The partnership is part of the Blackstone Charitable Foundation’s broader $40mn commitment to expand LaunchPad to higher-ed institutions that have a majority underrepresented population or are serving under-resourced communities. LaunchPad has supported University of Central Florida for the past decade, delivering entrepreneurial skill-building programs to help their students launch successful companies and careers. As part of Blackstone’s broader commitment to Florida, Blackstone LaunchPad recently partnered with Miami Dade College, Florida International University, Florida State University, Florida A&amp;M University and Florida Atlantic University to expand its signature program.</span></span></span></p> <p><span><span><span>“We are thrilled to welcome this new group of Florida LaunchPad schools into our network and community,” said Maura Pally, Executive Director of the Blackstone Charitable Foundation. “Blackstone continues to be committed to Florida and to connecting students with professional networks and opportunities to help them build successful companies and careers.”</span></span></span></p> <p><span><span><span>For students at these colleges, LaunchPad provides students with entrepreneurial skills-building content and programs for success in any career path they choose to pursue. Additionally, students will be able to participate in national programming such as pitch competitions and fellowships where they can build lasting professional relationships.</span></span></span></p> <p><span><span><span>"Miami's growing entrepreneurial and tech ecosystem calls for transformational investment in the home-grown talent who will fuel that growth,” said Miami Dade College President Madeline Pumariega. “Miami Dade College has a long track-record of enabling entrepreneurship in this community through The Idea Center and this partnership with Blackstone LaunchPad will allow us to further expand our entrepreneurial skills-building across the College. We look forward to having MDC scale its ability to support even more aspiring young entrepreneurs in the years to come. We know they become the backbone of this community."</span></span></span></p> <p><span><span><span>“We are extremely grateful to the Blackstone Charitable Foundation for providing us with this opportunity to expand the entrepreneurship programs at FIU,” said William Hardin, Dean of FIU School of Business. “This grant will enable us to strengthen our commitment to providing our students with the tools they need to assess new enterprise opportunities and start new ventures.”</span></span></span></p> <p><span><span><span>The 2021 initiative to expand Blackstone LaunchPad to higher-ed institutions with majority underrepresented or under-resourced students has brought the program to 22 Hispanic Serving Institutions, 7 HBCUs and 4 community colleges.</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'links__node' --> <!-- FILE NAME SUGGESTIONS: * links--node.html.twig x links.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/navigation/links.html.twig' --> <!-- END OUTPUT from 'themes/gavias_vinor/templates/navigation/links.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=9785&amp;2=bookmark" token="odAVxo4VY6hjFz4bnkMvJDKi03cd8cTO2-rTBwKuD44"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'container' --> <!-- BEGIN OUTPUT from 'core/modules/system/templates/container.html.twig' --> <div class="print__wrapper print__wrapper--pdf"><a href="/print/pdf/node/9785" class="print__link print__link--pdf">Print</a></div> <!-- END OUTPUT from 'core/modules/system/templates/container.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--giving-back.html.twig * field--node--field-author.html.twig * field--node--giving-back.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--giving-back.html.twig * field--node--field-tags.html.twig * field--node--giving-back.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/directory/blackstone" hreflang="en">Blackstone</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--giving-back.html.twig * field--node--field-content-role.html.twig * field--node--giving-back.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">Public</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Thu, 08 Dec 2022 14:02:27 +0000 AlphaWeek Staff 9785 at https://www.alpha-week.com Blackstone Charitable Foundation to Provide Grant to Year Up https://www.alpha-week.com/giving-back/blackstone-charitable-foundation-provide-grant-year <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--giving-back.html.twig x field--node--title.html.twig * field--node--giving-back.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Charitable Foundation to Provide Grant to Year Up</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--giving-back.html.twig x field--node--created.html.twig * field--node--giving-back.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Mon, 10/17/2022 - 15:41</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--giving-back.html.twig * field--node--body.html.twig * field--node--giving-back.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>Blackstone's Blackstone Charitable Foundation is to provide a $3mn grant over three years to Year Up, one of the United States’ most impactful workforce development nonprofits. Year Up is one of the main partners of Blackstone Career Pathways, the firm’s career and economic mobility program. The grant will significantly accelerate the growth of Year Up’s Career Accelerator, which collaborates with nonprofits and community colleges to provide targeted, rapid skills training and talent pipelines to employers. <br /><br /> Blackstone Career Pathways was launched to foster economic mobility and support ongoing diversity efforts within its 250+ portfolio companies and more than 12,000 real estate assets. BX aims to increase access to entry- and mid-level jobs and enable advancement within those jobs for diverse and historically underrepresented talent; it expects to expand the Career Pathways program to 20 of its portfolio companies by year end. <br /><br /> “Implementing company programs to enable the recruitment and development of diverse talent builds not only thriving careers, but also creates broader talent pools and more resilient companies,” said Joe Baratta, Global Head of Private Equity at Blackstone. “Blackstone Career Pathways importantly builds on the success of our Veterans Hiring Initiative, through which more than 100,000 veterans, veteran spouses and caregivers have been hired across Blackstone portfolio companies since 2013.”<br /><br /> “This isn’t just about getting somebody a job; it’s about supporting their development and providing opportunities for coaching and training so they can have thriving careers,” said Marcus Felder, Head of Blackstone Career Pathways. “I’m thrilled to be expanding this program and, in doing so, expanding the number of individuals whose careers we can positively impact.” <br /><br /> The Year Up Career Accelerator program sources talent in partnership with community colleges and other training organizations, provides upskilling and wraparound supports, matches young adults with employers looking to hire, and supports employment placement. The Career Accelerator connects more young adults to current in demand jobs more quickly, and its expansion will be one of the driving factors behind Year Up’s strategic plan to serve ten times as many young people per year by 2030.<br /><br /> “At Blackstone, we believe that everyone should have the opportunity to reach their full potential,” said Maura Pally, Executive Director of the Blackstone Charitable Foundation. “The Blackstone Charitable Foundation’s new partnership with Year Up complements the important progress of Blackstone Career Pathways to work from the ground up to increase employment opportunities and career mobility for individuals from diverse and historically under-represented communities.”<br /><br /> These announcements were made at Blackstone’s inaugural Career Pathways Summit, which brought together more than 80 portfolio company teams, non-profit representatives, industry leaders, Career Pathways hires and Blackstone leaders to generate new perspectives on providing the tools, training and resources within companies that support diverse hiring, retention and advancement.</span></span></span><br />  </p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'links__node' --> <!-- FILE NAME SUGGESTIONS: * links--node.html.twig x links.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/navigation/links.html.twig' --> <!-- END OUTPUT from 'themes/gavias_vinor/templates/navigation/links.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=9674&amp;2=bookmark" token="2u3xdH9evsE6B0hMDPa_2KM7q4rZz5VKo6kFkVA__pg"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'container' --> <!-- BEGIN OUTPUT from 'core/modules/system/templates/container.html.twig' --> <div class="print__wrapper print__wrapper--pdf"><a href="/print/pdf/node/9674" class="print__link print__link--pdf">Print</a></div> <!-- END OUTPUT from 'core/modules/system/templates/container.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--giving-back.html.twig * field--node--field-author.html.twig * field--node--giving-back.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--giving-back.html.twig * field--node--field-tags.html.twig * field--node--giving-back.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/directory/blackstone" hreflang="en">Blackstone</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--giving-back.html.twig * field--node--field-content-role.html.twig * field--node--giving-back.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">Public</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Mon, 17 Oct 2022 14:41:34 +0000 AlphaWeek Staff 9674 at https://www.alpha-week.com Blackstone Launches Sustainable Resources Credit Platform https://www.alpha-week.com/blackstone-launches-sustainable-resources-credit-platform <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Launches Sustainable Resources Credit Platform</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Fri, 01/21/2022 - 13:47</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span><span><span><span>Blackstone's Blackstone Credit division has launched a sustainable resources platform, a new initiative focused on investing in and lending to renewable energy companies and those supporting the energy transition.</span></span></span></span></span></span></p> <p><span><span><span><span><span><span>Blackstone Credit’s Sustainable Resources Platform is led by Robert Horn, who has been with Blackstone Credit since its founding, and has been named Global Head of the Sustainable Resources Group for Blackstone Credit. Simon Hayden has joined the firm from EIG, and he is a Senior Managing Director for Blackstone Credit in London and leads the Sustainable Resources activities in Europe.  <br /><br /> The Sustainable Resources Platform includes more than 30 investment professionals across North America and Europe, supported by the portfolio operations teams at Blackstone. The Platform will also leverage the firm’s ESG expertise, bringing ESG professionals into the investment process. Newly hired Global Head of ESG for Blackstone, Jean Rogers, the founder of the Sustainability Accounting Standards Board (SASB), and Rita Mangalick, Head of ESG for Blackstone Credit, will advise investment teams, oversee ESG diligence and support other initiatives for the platform. <br /><br /> The Platform will invest across the credit spectrum in investment grade credit, non-investment grade credit, preferred and convertible securities. It will focus on a broad range of sectors, including residential solar and home efficiency; renewable electricity generation and storage; products, services, technologies and natural resources that enable the energy transition; decarbonized transportation; sustainability linked loans; green financings that fund environmental projects; and other energy infrastructure investments.<br /><br /> Jon Gray, President and COO of Blackstone, said: “The launch of this platform demonstrates our conviction in the investment opportunities presented by the energy transition. Companies globally are shifting to meet this demand. We believe private capital is essential to supporting decarbonization goals and our scale allows us to play a major role.” <br /><br /> Dwight Scott, Global Head of Blackstone Credit, said: “Blackstone Credit’s unmatched scale is being unleashed to support companies that are driving the energy transition. We are excited to launch this dedicated financing platform to build on the over $15 billion that Blackstone has committed since 2019 in investments that we believe are consistent with the broader energy transition.” <br /><br /> Robert Horn, Global Head of the Sustainable Resources Group for Blackstone Credit, said: “We believe large scale and flexible capital are essential to funding decarbonization. We look forward to providing efficient capital and Blackstone’s expertise to companies across a range of sectors that we believe are driving this important transition.” <br /><br /> Simon Hayden, Senior Managing Director, Blackstone Credit, said: “I am delighted to join the world class team at Blackstone Credit and drive its European activities in sustainable resources.”</span></span></span></span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/directory/blackstone" hreflang="en">Blackstone</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=9105&amp;2=bookmark" token="RtnSv8Et1mYIVYtisUIxwmkDoUa-2y77Tio-EHJWFlc"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Fri, 21 Jan 2022 13:47:37 +0000 AlphaWeek Staff 9105 at https://www.alpha-week.com Blackstone Announces Final Close For Fourth Capital Opportunities Fund https://www.alpha-week.com/blackstone-announces-final-close-fourth-capital-opportunities-fund <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Announces Final Close For Fourth Capital Opportunities Fund</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Wed, 01/12/2022 - 15:10</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span><span><span><span>Blackstone has held the final close of Blackstone Capital Opportunities Fund IV. </span></span></span></span></span></span></p> <p><span><span><span><span><span><span>The closing of this new fund means that Blackstone Credit has $8.75bn available for its opportunistic private debt strategy; COF has an almost 15-year track record of providing private financings for businesses of all sizes and across industries.</span></span></span></span></span></span></p> <p><span><span><span>Louis Salvatore, Co-Portfolio Manager of the Capital Opportunities Funds, said: “We are pleased to have closed our fourth COF fund and are very appreciative of the strong support from our Limited Partners. We believe our track record, scale and structuring expertise position us as a valuable partner to private equity sponsors and large cap companies.”<br /><br /> Rob Petrini, Co-Portfolio Manager of the Capital Opportunities Funds, added: “Our latest fund is off to a terrific start, leveraging our strong sourcing engine and broad mandate to invest in a diverse set of industries, geographies and structures. We are driving the secular trend of large companies increasingly accessing private capital through our scale and also capitalizing on Blackstone’s thematic approach to investing.” <br /><br /> COF IV has already made 12 investments and commitments with a focus on high growth industries, such as technology and healthcare.</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/directory/blackstone" hreflang="en">Blackstone</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=9065&amp;2=bookmark" token="GydFd_iNuQrmlkpfby4Ad94q1w8ay0zl03QZkKEijhE"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Wed, 12 Jan 2022 15:10:30 +0000 AlphaWeek Staff 9065 at https://www.alpha-week.com Blackstone Growth Leads Vectra AI Funding Round https://www.alpha-week.com/blackstone-growth-leads-vectra-ai-funding-round <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Growth Leads Vectra AI Funding Round</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Thu, 04/29/2021 - 14:31</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p>Blackstone Growth has led a $130mn funding round of Vectra AI, a San-Jose, CA-based provider of threat detection and response technology.</p> <p><span><span><span>Viral Patel, a Senior Managing Director at Blackstone, said: “Vectra has a proven ability to stop in-progress attacks in the cloud, on corporate networks, and in private data centers for some of the top organizations in the world. The company has experienced extraordinary success through its commitment to combining innovative AI technology, first-class customer service, and top talent, and Blackstone is excited to become part of the Vectra team.”</span></span></span></p> <p><span><span><span>John Stecher, Chief Technology Officer at Blackstone, added: “Through our experience as a client of Vectra, we’ve been highly impressed by their world-class technology and exceptional team. They have exactly the types of tools that technology leaders need to separate the signal from the noise in defending their organizations from increasingly sophisticated cyber threats. We’re excited to back Vectra and Hitesh as a strategic partner in the years ahead supporting their continued growth.”</span></span></span></p> <p><span><span><span>“As organizations around the world increasingly focus on cybersecurity, we believe Vectra is providing a critical solution that levels the playing field against the sophisticated actors that generate the most damaging cyberthreats,” said James Socas, a Managing Director at Blackstone. “Vectra is exactly the kind of fast-growing leader we help back and build at Blackstone.”</span></span></span></p> <p><span><span><span><span><span><span>Existing investors</span></span></span> also participated in the funding round, increasing the company’s total funding to more than $350mn at a post-money $1.2bn valuation.</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/venture-capital-north-american-deals" hreflang="en">Venture Capital North American Deals</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=8160&amp;2=bookmark" token="PV3AKIjbzO6Di3R5YqtZIaNxg5mKW0Th8Vu5AW7eztY"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Thu, 29 Apr 2021 13:31:51 +0000 AlphaWeek Staff 8160 at https://www.alpha-week.com Blackstone Adds Five To Global ESG Team https://www.alpha-week.com/blackstone-adds-five-global-esg-team <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Adds Five To Global ESG Team</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Tue, 04/27/2021 - 13:37</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>Blackstone is expanding its Environmental, Social, Governance (ESG) team with five newly created senior positions across the U.S., Europe and Asia.<br />   <br /><span>Elizabeth Lewis is Managing Director of ESG (Corporate). </span>Lewis will handle implementation of ESG policies across Blackstone’s businesses. She has two decades of experience at the intersection of climate change, business, and investment. Most recently, she led engagement on key ESG topics for the International Finance Corporation (IFC). Previously, Lewis held leadership roles at Global Environment Fund, where she developed the firm’s first ESG policies and practices, and Terra Alpha Investments. She serves as a Harvard Alumni Association Committee Member and is a Trustee of the Maryland/D.C. Chapter of The Nature Conservancy. She also serves on the Corporation of the Winsor School in Boston.<br />  <br /><span>James Mandel, Ph.D., is Managing Director of Sustainability (Portfolio Operations).</span><strong><span> </span></strong>Mandel will support the work of Don Anderson, Blackstone’s Chief Sustainability Officer, in leading Blackstone’s carbon emissions reduction program. Since 2013, Mandel had been Managing Director of Global Carbon-Free Buildings Program for Rocky Mountain Institute (RMI). He led a team focused on cost-effectively decarbonizing buildings. Previously, he served as Engagement Manager and Associate at McKinsey &amp; Company and as a consultant on market-based conservation for Advanced Conservation Strategies. Mandel is Board Chair of WattTime, an independent nonprofit startup focused on emissions analysis. <br />  <br /><span>Nina James is Head of Real Estate ESG (Real Estate, Asia).</span><strong><span> </span></strong>James will partner with the Global Head of Real Estate ESG, Eric Duchon, in building out BX's Asia-based capabilities in the Asset Management team. She was previously the General Manager of Responsible Investment and Corporate Sustainability for InvestaProperty Group. She sits on the Australian UNPRI Advisory Committee, the International WELL Building Institute WELL Portfolio Advisory Group, the ULI Australia Executive Counsel, and the Oceania GRESB Advisory Committee.<br />  <br /><span>Caroline Hill is Head of Real Estate ESG (Real Estate, Europe).</span><strong><span> </span></strong>Hill will similarly partner with Duchon in building out BX's ESG capabilities across Europe in Real Estate Asset Management. She was previously Head of Responsible Business for Lloyds Banking Group. Before that she was Director of Group Corporate Affairs and Sustainability at Landsec plc., developing one of the United Kingdom’s leading real estate sustainability programs and establishing Landsec’s net zero carbon strategy. She also held roles working on corporate responsibility and sustainability at PwC and Whitbread.<br />  <br /><span>Rita Mangalick is Global Head of ESG for Blackstone Alternative Asset Management (BAAM) and Blackstone Credit. </span>Mangalick will partner with both groups to lead ESG diligence, policy development, reporting and engagement. Prior to this role, Mangalick was instrumental in developing BAAM’s ESG program, along with a focus on BAAM’s Advisory Business. She was previously a member of the Business Financial Evaluation team performing operational due diligence of BAAM’s hedge fund managers. Before joining Blackstone in 2013, Mangalick was a Director at UBS Asset Management. She was previously with Union Bancaire Privee and KPMG.</span></span></span></p> <p><span><span><span>Jon Gray, Blackstone President and COO, said, “We view ESG as central to our mission of delivering strong returns for clients. Blackstone is using its scale and expertise to help strengthen our companies, assets and the communities in which they operate. We are thrilled to have Elizabeth, James, Nina, Caroline and Rita joining our global ESG team. They each bring a wide spectrum of domain expertise as we continue to drive value for our investors and create impact across our portfolio.”</span></span></span></p> <p><span><span><span>Last year, Blackstone announced a goal to <span><span><span>reduce carbon emissions by 15 percent</span></span></span> across all new investments globally - where it controls energy usage - within the first three years of ownership <span><span><span>as well as two diversity initiatives,</span></span></span> starting in the U.S. and Europe, which carries a target of at least one-third diverse representation on portfolio company boards for new control investments plus a program to support creating diverse hiring and career mobility.</span></span></span></p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=8140&amp;2=bookmark" token="3bkOgHWUtjNLb1TLVMecLHNX46HcWQ8byLfIecM_Q4A"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Tue, 27 Apr 2021 12:37:37 +0000 AlphaWeek Staff 8140 at https://www.alpha-week.com Blackstone Hires Israeli Tech Executive Yifat Oron; Opens New Office In Tel Aviv https://www.alpha-week.com/blackstone-hires-israeli-tech-executive-yifat-oron-opens-new-office-tel-aviv <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Hires Israeli Tech Executive Yifat Oron; Opens New Office In Tel Aviv </span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Mon, 04/26/2021 - 16:51</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>Blackstone has hired Yifat Oron, who previously served as CEO of LeumiTech, as a Senior Managing Director and head of the firm’s new office in Tel Aviv, Israel. She will lead Blackstone’s growth and tech investments in Israel for Blackstone Growth (BXG), the firm’s growth equity business, and assist with other investing efforts across the firm. Oron has more than twenty years of experience as a tech investor and executive in Israel, with leadership roles in venture capital, banking and consulting.<br /><br /> BXG recently completed the final close of its inaugural <span><span><span>$4.5bn growth equity fund</span></span></span>. BXG began deploying capital in 2020 and has already made a number of significant investments, including in <span><span><span>Bumble</span></span></span> (which recently completed a successful initial public offering); <span><span><span>Oatly</span></span></span>; <span><span><span>ISN</span></span></span>; <span><span><span>GeoComply</span></span></span>; <span><span><span>Ginger</span></span></span>; <span><span><span>Hydrogen Health</span></span></span> and <span><span><span>Epidemic Sound</span></span></span>.<br /><br /> Ambassador Dan Gillerman, former Israeli Ambassador to the United Nations, has served as Blackstone’s Senior Advisor in Israel since 2013. With the establishment of Blackstone’s new office in Tel Aviv, Ambassador Gillerman will become Chairman of Blackstone Israel, continuing to serve as an advisor to the firm and the Israel-based team.</span></span></span></p> <p><span><span><span>“I look forward to working with Yifat, a deeply respected tech and finance leader, to scale our efforts and support the most promising companies, entrepreneurs and technological innovation in Israel," he said.<br /><br /> Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder, said: “We are increasingly focused on investing in fast-growing sectors, such as technology, life sciences and the digital economy. Israel is one of the most promising markets in the world in these areas and Yifat is the perfect choice to scale our firm’s presence and investments there.”<br /><br /> Jon Korngold, Global Head of Blackstone Growth, said: “We are big believers in Israel, which is one of the most dynamic and innovative markets in the world. I’m delighted to welcome Yifat, an outstanding technology executive and leader, to help us bring the full power of the Blackstone platform and our resources to the country’s entrepreneurs.”<br /><br /> Oron added: “I’m thrilled to join Blackstone and lead the firm’s growth investments in Israel. The breadth of what Blackstone can deliver to entrepreneurs in terms of capital and operating expertise is truly world-class. I’m excited to help fast-growing companies in Israel become global leaders through Blackstone’s resources and global network.”<br /><br /> Prior to joining Blackstone, Oron was the CEO of LeumiTech, a leading Israeli technology banking platform, servicing and financing several thousand technology companies and supporting their global expansion via LeumiTech’s global footprint. She spent most of her career as a Partner at Vertex Venture Capital (an Israel-based venture fund), where she invested in and served as a board member of companies across the tech ecosystem.</span></span></span><br />  </p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-tags--features.html.twig * field--node--field-tags.html.twig * field--node--features.html.twig * field--field-tags.html.twig * field--entity-reference.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-tags field--type-entity-reference field--label-hidden field__items"> <div class="field__item"><a href="/private-equity-people" hreflang="en">Private Equity People</a></div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=8132&amp;2=bookmark" token="9TkIj5Qx76ZJT6amzovTnArBunRs189coQ8Y5cFpbuE"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Mon, 26 Apr 2021 15:51:44 +0000 AlphaWeek Staff 8132 at https://www.alpha-week.com Blackstone Hires Scott Bommer As Horizon Platform Chief Investment Officer https://www.alpha-week.com/blackstone-hires-scott-bommer-horizon-platform-chief-investment-officer <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--title--features.html.twig x field--node--title.html.twig * field--node--features.html.twig * field--title.html.twig * field--string.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <span>Blackstone Hires Scott Bommer As Horizon Platform Chief Investment Officer</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--title.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--created--features.html.twig x field--node--created.html.twig * field--node--features.html.twig * field--created.html.twig * field--created.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <span>Mon, 03/15/2021 - 12:46</span> <!-- END OUTPUT from 'core/modules/node/templates/field--node--created.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--body--features.html.twig * field--node--body.html.twig * field--node--features.html.twig * field--body.html.twig * field--text-with-summary.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-body field--type-text-with-summary field--label-hidden field__item"><p><span><span><span>Blackstone has hired Scott Bommer as the Chief Investment Officer of the firm's new Blackstone Horizon platform, an initiative being launched by Blackstone Alternative Asset Management (BAAM).  <br /><br /> Blackstone Horizon is a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. The platform will employ a thematic approach to capitalize on powerful secular growth trends globally. Bommer will also work closely with BAAM senior management on asset allocation, risk-management, stakes/seeding investing and other strategic initiatives.<br /><br /> Jon Gray, Blackstone President &amp; COO, said: “This is another key hire for BAAM. Scott is a seasoned investor with a record of delivering strong returns for investors while maintaining downside protection. His experience and breadth of relationships will open new opportunities as we further expand our hedge fund business.”<br /><br /> Joe Dowling, Blackstone Global Co-Head of BAAM, said: “Scott is a proven investor who has extensive experience in the public and late-stage private markets. We have known each other for more than 25 years and have collaborated on numerous investment opportunities. I look forward to working alongside him.”<br /><br /> John McCormick, Blackstone Global Co-Head of BAAM, said: “We’re delighted to welcome Scott to BAAM to lead cutting edge investment initiatives across the business with a focus on the Horizon platform. Scott’s hire reflects our innovative mentality and our desire to access the most exciting investment opportunities for our investors.”</span></span></span></p> <p><span><span><span>Bommer, said: “I am thrilled to lead this new initiative for Blackstone. The scale of BAAM’s platform and flexibility of this new mandate positions the platform exceptionally well to be the investment partner of choice for managers. I look forward to working alongside Joe, John and the talented team at BAAM to build out this new business.”<br /><br /> Bommer was the founder of SAB Capital Management, where he served as CEO and worked for 17 years from 1999 to 2015. He previously worked as a Portfolio Manager at Siegler, Collery &amp; Co., an Associate at McKinsey &amp; Company and an Analyst at Goldman Sachs. Bommer has been a Director of the Robin Hood Foundation for the last 15 years. He joins Blackstone after managing his family office where he focused on late-stage growth investing.</span></span></span><br />  </p></div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <drupal-render-placeholder callback="flag.link_builder:build" arguments="0=node&amp;1=7897&amp;2=bookmark" token="gPCurDEvOaTaIk6apJIqCy4tTqxT27KElnXZOo-sGsI"></drupal-render-placeholder> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-author--features.html.twig * field--node--field-author.html.twig * field--node--features.html.twig x field--field-author.html.twig * field--entity-reference.html.twig * field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <a href="/author/greg-winterton" hreflang="en">Greg Winterton</a> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field--field-author.html.twig' --> <!-- THEME DEBUG --> <!-- THEME HOOK: 'field' --> <!-- FILE NAME SUGGESTIONS: * field--node--field-content-role--features.html.twig * field--node--field-content-role.html.twig * field--node--features.html.twig * field--field-content-role.html.twig * field--list-string.html.twig x field.html.twig --> <!-- BEGIN OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> <div class="field field--name-field-content-role field--type-list-string field--label-above"> <div class="field__label">Content role</div> <div class="field__item">AlphaWeek Basic</div> </div> <!-- END OUTPUT from 'themes/gavias_vinor/templates/fields/field.html.twig' --> Mon, 15 Mar 2021 12:46:08 +0000 AlphaWeek Staff 7897 at https://www.alpha-week.com