Blackstone, one of the world’s largest alternative asset managers, recently promoted John Marshall to lead its 17-year-old direct lending division. The move comes as Blackstone’s credit arm has seen a surge in activity in recent months.
Marshall has been with Blackstone since 2011 and has held various roles within the company. He most recently served as the head of the firm’s European direct lending business. In his new role, he will be responsible for overseeing Blackstone’s direct lending activities across the globe.
Direct lending is a type of financing that involves providing capital directly to companies, rather than through traditional banking channels. This type of financing is attractive to companies because it can provide them with access to capital quickly and without the need for collateral. Blackstone has been a leader in this space for many years and has been able to capitalize on the increased demand for direct lending in recent years.
The promotion of Marshall to lead Blackstone’s direct lending division comes as the firm’s credit arm has seen a surge in activity in recent months. Blackstone’s credit arm has been involved in a number of high-profile deals, including the acquisition of a controlling stake in the Spanish lender Bankia and the purchase of a majority stake in the Italian lender Banca Carige.
The promotion of Marshall is a sign that Blackstone is committed to continuing to build on its success in the direct lending space. With Marshall at the helm, Blackstone is well-positioned to capitalize on the increased demand for direct lending and continue to expand its presence in this space.
Overall, the promotion of John Marshall to lead Blackstone’s direct lending division is an indication of the firm’s commitment to this area of its business. With Marshall at the helm, Blackstone is well-positioned to capitalize on the increased demand for direct lending and continue to expand its presence in this space.
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