Blackstone Announces New Co-Chief Investment Officers and Co-Head of Real Estate
11 Enero 2024 - 7:37AM
Business Wire
Ken Caplan & Lionel Assant Promoted to
Co-Chief Investment Officers of Blackstone
Nadeem Meghji Promoted to Global Co-Head of
Blackstone Real Estate
Blackstone (NYSE: BX) announced today that Ken Caplan, current
Global Co-Head of Real Estate, and Lionel Assant, European Head of
Private Equity, have been elevated to newly created roles as Global
Co-Chief Investment Officers (CIOs) of Blackstone. They will
enhance the coordination and oversight of the Firm’s already
rigorous investment process. Nadeem Meghji, Head of Real Estate
Americas, will succeed Mr. Caplan as Global Co-Head of Real Estate
alongside current Global Co-Head, Kathleen McCarthy.
These promotions underscore the increasing breadth of the Firm’s
investment strategies and continued expansion, having recently
surpassed $1 Trillion in Assets Under Management (AUM). The three
executives collectively bring more than 60 years of Blackstone
investing experience to what is expected to be an extremely active
deployment period, with over $200 billion of dry powder.
Steve Schwarzman, Co-Founder, Chairman and CEO of Blackstone,
said: “We are delighted to elevate three of our longest-tenured
investors into these critical positions, as the firm readies itself
for an active investment period. They bring strong track records of
delivering for our customers, considerable institutional knowledge,
and exceptional investment acumen to these new roles.”
Jon Gray, President & COO of Blackstone, said: “The
promotion of these highly talented executives will help the firm
better identify compelling global investment themes while also
enhancing our disciplined investment process.”
Mr. Assant joined Blackstone in 2003 and has run the Firm’s
European Private Equity business based in London since 2012. He
will continue to serve in that capacity and, as Co-CIO of
Blackstone, work in conjunction with the business unit CIOs and
Group Heads to provide additional firm-level investment oversight
across our Private Equity (PE) complex, including our Corporate PE,
Infrastructure, Tactical Opportunities, Growth, and Life Sciences
businesses.
Mr. Caplan joined Blackstone in 1997, led the Firm’s European
Real Estate business from 2012-2015, served as Real Estate CIO from
2015-2017, and has co-headed the global Real Estate business
alongside Ms. McCarthy since 2018. As Co-CIO, he will work in
conjunction with the business unit CIOs and Group Heads to provide
additional firm-level investment oversight, primarily across Real
Estate and Credit & Insurance (BXCI).
CIOs across Blackstone will continue to report into their
respective business units including Mike Zawadzki, CIO of Credit
and Insurance (BXCI); David Ben-Ur, CIO of BAAM Portfolio Solutions
(BPS); and Prakash Melwani, CIO of Corporate Private Equity, who
will have an expanded role as Chairman of Blackstone Capital
Partners (BCP) International.
Mr. Meghji joined Blackstone Real Estate in 2008 and since 2017
has overseen our Real Estate business in the Americas. He has
helped lead the enormous growth of Blackstone’s U.S. and Canadian
Real Estate business across its Opportunistic (BREP), institutional
and private wealth Core+ (BPP & BREIT), with over $200 Billion
of AUM and total asset value of approximately $400 Billion.
The firm also announced today the promotion of Gio Cutaia to be
Global Chief Operating Officer of Real Estate. He will continue to
lead Global Real Estate Asset Management (a role he has held since
2018), and in that capacity help manage the over 12,000 assets in
Blackstone’s real estate portfolio.
Kathleen McCarthy, Global Co-Head, Real Estate, said:
“Ken is a remarkable leader who I have loved partnering with. We
look forward to his continued impact on our business as Co-CIO of
the firm. Nadeem is the perfect leader to succeed Ken, given his
tremendous investment acumen and operational experience. I am
excited to partner with him in the years ahead. Nadeem and I are
thrilled to elevate Gio Cutaia, who will play a critical role
helping us oversee this world-class business.”
About Blackstone
Blackstone is the world’s largest alternative asset manager. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our over $1 trillion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity,
infrastructure, life sciences, growth equity, opportunistic,
non-investment grade credit, real assets and secondary funds, all
on a global basis. Further information is available at
www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter),
and Instagram.
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version on businesswire.com: https://www.businesswire.com/news/home/20240111821431/en/
Matt Anderson Phone: 518-248-7310 Email:
matthew.anderson@blackstone.com Jeff Kauth Phone: 212-583-5395
Email: jeffrey.kauth@blackstone.com
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