On April 7th, 2021, Blackstone Group LP announced the appointment of Mark Marshall as the new head of its 17-year direct lending business. The move comes amid a surge in activity at Blackstone’s credit arm, which has seen a number of new deals and investments in the past few months.
Marshall will be responsible for leading Blackstone’s direct lending business, which provides debt financing to companies that are unable to access traditional financing. This includes providing loans to companies that may not qualify for traditional bank loans due to their size or creditworthiness. Blackstone has been active in this space since 2004 and has since become one of the largest direct lenders in the world.
The appointment of Marshall is part of a larger effort by Blackstone to expand its credit arm. In recent months, the firm has made a number of investments in the direct lending space, including a $1 billion investment in the online lender Kabbage and a $2.2 billion investment in the online lender Affirm. The firm has also made investments in other areas such as venture capital and private equity.
The appointment of Marshall is a sign that Blackstone is looking to further expand its presence in the direct lending space. With his experience and expertise, Marshall is well-positioned to help Blackstone capitalize on the booming credit arm activity. His appointment is also a sign that Blackstone is looking to further diversify its portfolio and capitalize on the current market conditions.
Overall, Blackstone’s appointment of Mark Marshall as head of its 17-year direct lending business is a sign that the firm is looking to further expand its presence in the credit arm space. With his experience and expertise, Marshall is well-positioned to help Blackstone capitalize on the booming activity in the direct lending space. The appointment is also a sign that Blackstone is looking to further diversify its portfolio and capitalize on the current market conditions.
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