$1 Trillion Private Equity Firm Blackstone Appoints Ken Caplan & Lionel Assant as Global Co-Chief Investment Officers, Nadeem Meghji Succeeds Ken Caplan as Global Co-Head of Real Estate Alongside Kathleen McCarthy, Blackstone with $200 Billion of Dry Powder Available for Deployment
18th January 2024 | Hong Kong
Leading private equity firm Blackstone with $1 trillion AUM (Assets under Management) has announced the appointment of Ken Caplan & Lionel Assant as Global Co-Chief Investment Officers, and with Nadeem Meghji succeeding Ken Caplan as Global Co-Head of Real Estate alongside Kathleen McCarthy. Prakash Melwani (CIO of Corporate Private Equity) will have an expanded role as Chairman of Blackstone Capital Partners (BCP) International, and Gio Cutaia will be the Global Chief Operating Officer of Real Estate. Blackstone, $1 trillion AUM, currently has around $200 billion of dry powder available for deployment. Blackstone (11/1/24): “Blackstone 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.” In Asia, Blackstone is targeting 6 to 7 headcount in Singapore by 2025 with Managing Director Aravind Krishnan to relocate from India (Mumbai) to Singapore. In 2023 November, Blackstone celebrated the 10th year anniversary in Singapore (9/11/23), with the event attended by Singapore Deputy Prime Minister Lawrence Wong, Blackstone President & COO Jon Gray, Chairman APAC Chris Heady & Chairman of Singapore Gautam Banerjee. More info below:
“ $1 Trillion Private Equity Firm Blackstone Appoints Ken Caplan & Lionel Assant as Global Co-Chief Investment Officers, Nadeem Meghji Succeeds Ken Caplan as Global Co-Head of Real Estate Alongside Kathleen McCarthy, Blackstone with $200 Billion of Dry Powder Available for Deployment “
Steve Schwarzman, Co-Founder, Chairman & CEO of Blackstone: “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: “The promotion of these highly talented executives will help the firm better identify compelling global investment themes while also enhancing our disciplined investment process.”
Kathleen McCarthy, Global Co-Head, Real Estate: “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.”
$1 Trillion Private Equity Firm Blackstone Appoints Ken Caplan & Lionel Assant as Global Co-Chief Investment Officers, Nadeem Meghji Succeeds Ken Caplan as Global Co-Head of Real Estate Alongside Kathleen McCarthy
11th January 2024 – 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.
- 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.
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 $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.
$1 Trillion Private Equity Firm Blackstone Targets 6 to 7 Headcount in Singapore by 2025 with Managing Director Aravind Krishnan to Relocate from India to Singapore, Celebrated 10th Year Anniversary in Singapore in 2023 Attended by Singapore Deputy Prime Minister Lawrence Wong, Blackstone President & COO Jon Gray, Chairman APAC Chris Heady & Chairman Singapore Gautam Banerjee
17th January 2024 – Leading private equity firm Blackstone with $1 trillion AUM (Assets under Management) is targeting 6 to 7 headcount in Singapore by 2025 with Managing Director Aravind Krishnan to relocate from India (Mumbai) to Singapore. In 2023 November, Blackstone celebrated the 10th year anniversary in Singapore (9/11/23), with the event attended by Singapore Deputy Prime Minister Lawrence Wong, Blackstone President & COO Jon Gray, Chairman APAC Chris Heady & Chairman of Singapore Gautam Banerjee. Steve Schwarzman, Chairman, CEO & Co-Founder, Blackstone: “Ten years ago, we set up our Blackstone Singapore office with the support of our fantastic leaders in the region, many of whom are still here today. We have since grown more than threefold across functions, serving a diversity of investors. We are so excited about the future of the country and for Blackstone in the market.” Jon Gray, President & Chief Operating Officer, Blackstone: “We are incredibly proud of what we’ve built in Singapore over the last 10 years. Our local team – anchored by our founding values of excellence, innovation, and integrity – has brought the best of Blackstone to the market. We’ve established long- standing partnerships with major public service investors, and made investments that contribute to the local economy and communities in meaningful ways. We are committed to growing our presence in Singapore – a vital gateway to Southeast Asia.” Gautam Banerjee, Chairman of Singapore, Blackstone: “We would not be where we are today without the support of the Singapore government and our partners in the market. This is just the beginning of our journey. Singapore has so much to offer – it is Asia’s center of talent and innovation and one of the best places to do business in the world. We’d love to do more in Singapore and continue to bring our global expertise for a wider range of investors.” More info below:
Blackstone Celebrates 10th Year Anniversary in Singapore Attended by Singapore Deputy Prime Minister Lawrence Wong, Blackstone President & COO Jon Gray, Chairman APAC Chris Heady & Chairman Singapore Gautam Banerjee
11th November 2023 – Blackstone has celebrated the 10th year anniversary in Singapore (9/11/23), with the event attended by Singapore Deputy Prime Minister Lawrence Wong, Blackstone President & COO Jon Gray, Chairman APAC Chris Heady & Chairman of Singapore Gautam Banerjee. Steve Schwarzman, Chairman, CEO & Co-Founder, Blackstone: “Ten years ago, we set up our Blackstone Singapore office with the support of our fantastic leaders in the region, many of whom are still here today. We have since grown more than threefold across functions, serving a diversity of investors. We are so excited about the future of the country and for Blackstone in the market.” Jon Gray, President & Chief Operating Officer, Blackstone: “We are incredibly proud of what we’ve built in Singapore over the last 10 years. Our local team – anchored by our founding values of excellence, innovation, and integrity – has brought the best of Blackstone to the market. We’ve established long- standing partnerships with major public service investors, and made investments that contribute to the local economy and communities in meaningful ways. We are committed to growing our presence in Singapore – a vital gateway to Southeast Asia.” Gautam Banerjee, Chairman of Singapore, Blackstone: “We would not be where we are today without the support of the Singapore government and our partners in the market. This is just the beginning of our journey. Singapore has so much to offer – it is Asia’s center of talent and innovation and one of the best places to do business in the world. We’d love to do more in Singapore and continue to bring our global expertise for a wider range of investors.” More info below:
Blackstone Celebrates 10th Year Anniversary in Singapore Attended by Singapore Deputy Prime Minister Lawrence Wong
9th Nov 2023 – Blackstone today celebrated the 10th-year anniversary of its Singapore business with an event at its new office attended by the Deputy Prime Minister and Minister for Finance, and Chairman of the Monetary Authority of Singapore, Lawrence Wong; Blackstone’s President and Chief Operating Officer, Jon Gray; Blackstone’s Chief Financial Officer, Michael Chae; Blackstone’s Global Head of Private Wealth Solutions, Joan Solotar; Blackstone’s Global Head of Insurance Solutions, Gilles Dellaert; Global Head of Blackstone Alternative Asset Management, Joe Dowling; Blackstone’s Chairman of Asia Pacific and Head of Real Estate Asia, Chris Heady; and Blackstone’s Head of Asia Private Equity, Amit Dixit.
Over the past decade, Blackstone has built diverse capabilities in Singapore to serve a broad range of investors. It has made marquee investments including Eclipse and Soilbuild Business REIT, high-quality office buildings that house multinational corporations across the financial and technology sectors; and Interplex, a global leader in connector technology for fast-growing sectors. Blackstone’s contributions to the local community have been recognized by the Singapore government including Community Chest, the philanthropic arm of Singapore’s National Council of Social Service.
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. We do this by relying on extraordinary people and flexible capital to help strengthen the companies we invest in. 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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