Blackstone’s Ken Caplan and Lionel Assant named as Global Co-CIOs

Blackstone announced 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 $1T 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 B of dry powder. Steve Schwarzman, Co-Founder, Chairman and CEO of Blackstone, said: “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.” ”