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The executive director will be part of the firm’s business development team.
The transaction closed on June 8, and its proceeds will be reinvested into Gramercy’s strategies.
Plan promoted its deputy cio to replace Robert Clark, who submitted his intent to resign in April.
Plan’s board committed $130 million to a private equity energy fund and was notified of an additional private equity commitment this week.
Plan’s new 4% target to private equity will help increase its expected return.
He will focus on continuing to grow the firm’s European corporate credit investment platform.
She will lead the company’s research and data analytics capabilities.
It’s not just millionaires who can invest in private equity. But does it make sense for the average Joe or Jane to take the plunge?
‘We should be everywhere first,’ Stephen Schwarzman, Blackstone’s CEO, said at the Bernstein 38th Annual Strategic Decisions Conference.
The firm’s open-ended Global Private Assets Fund launched in 2019, and is open to retail and wholesale investors in Australia and New Zealand, Canada, as well as parts of Europe, Asia, Latin America and the Middle East.