Blackstone Establishes Structured Finance Group
03 Novembre 2021 - 09:30PM
Business Wire
Blackstone (NYSE:BX) today announced the formation of its
Structured Finance Group, which brings together Blackstone Real
Estate Debt Strategies (“BREDS”) and the firm’s various asset
backed finance activities. Jonathan Pollack, currently the Global
Head of BREDS, has been named Global Head of the Structured Finance
Group. Timothy Johnson, currently the Global Head of Originations
for BREDS, will become Global Head of BREDS, overseeing all
commercial and residential lending activities.
Rob Camacho will continue to lead the firm’s investment
activities in asset based finance. Mike Wiebolt, who currently
manages the Real Estate Group’s liquid securities activities, will
now also manage asset backed securities.
The formation of this combined group will drive further scale in
Blackstone’s lending capabilities across a variety of asset backed
finance markets, including consumer finance, real estate,
transportation, trade receivables, fund finance, and digital
infrastructure.
Jon Gray, President and Chief Operating Officer of Blackstone,
said: “This team will capitalize on information across asset
classes to deliver unique financing solutions to our clients. The
time to expand this part of our business has never been better,
particularly as we deploy increasing amounts of insurance capital.
Jonathan has done a tremendous job leading BREDS, and we’re excited
for him to apply his expertise more broadly.”
Mr. Pollack said: “We believe that direct origination of
structured credit investments is integral to delivering
differentiated performance for our clients. We are excited to build
upon our greatest strengths – broad sourcing capabilities
reinforced by deep relationships, large scale capital, and
providing tailored solutions to our borrowers and
counterparties.”
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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version on businesswire.com: https://www.businesswire.com/news/home/20211103006223/en/
Jeffrey Kauth (212) 583-5395 Jeffrey.Kauth@Blackstone.com
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