Blackstone Credit Announces Appointment of Viral Patel as Global Head of Technology Investing
08 Novembre 2021 - 2:30PM
Business Wire
Blackstone (NYSE: BX) today announced that Viral Patel has been
appointed Global Head of Technology Investing for Blackstone
Credit. Mr. Patel, who was previously an investment professional in
the firm’s Tactical Opportunities Group, will be responsible for
identifying investment opportunities across the technology sector
and providing entrepreneurs, companies and financial sponsors with
the diverse range of flexible solutions offered by Blackstone
Credit. Blackstone Credit is the fastest growing segment of the
firm driven by strong demand for private credit products from
institutional, insurance and individual investors.
Commenting on the appointment, Dwight Scott, Global Head of
Blackstone Credit said, “Viral is a world-class technology investor
and will play a key leadership role on our team as we increasingly
seek to support technology companies and their sponsors through
private credit. We are at the leading edge of the market as we
demonstrate the value of private credit, especially at scale.”
Viral Patel added: “I am excited to join Dwight and the entire
Blackstone Credit team as we build on Blackstone’s strong firmwide
relationships and track record in the fast-growing technology
sector. I see significant opportunity to invest across the
life-cycle of technology companies and look forward to growing our
participation in this market.”
Mr. Patel has worked at Blackstone for nearly two decades and
played a key role in the success of Blackstone’s Tactical
Opportunities (launched in 2012) and Growth (launched in 2019)
investment groups. He has been involved in many of Blackstone’s
technology investments ranging from early-stage companies such as
Cloudreach, Cylance and Sema4 to late-stage businesses such as Blue
Yonder, FireEye and Diligent. Mr. Patel graduated from Cornell
University with a BS in Operations Research and Industrial
Engineering.
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 $731 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, 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 Twitter @Blackstone.
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Kate Holderness Kate.holderness@blackstone.com 646-482-8774
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