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Blackstone Tactical Opportunities Announces Leadership Transition

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Blackstone (NYSE: BX) announced leadership changes in its Tactical Opportunities division. Chris James, current COO and founding member, will become Global Head, succeeding David Blitzer who transitions to chairman at year-end. Jas Khaira and Qasim Abbas are elevated to Head of Americas and International, respectively. The Tactical Opportunities platform, launched in 2012, manages $37 billion in assets and is the largest structured capital solutions platform globally. The division recently closed its fourth fund (BTO IV), expected to have nearly $10 billion of new capital, marking its largest vintage ever.

Blackstone (NYSE: BX) ha annunciato cambiamenti nella leadership della sua divisione Tactical Opportunities. Chris James, attuale COO e membro fondatore, diventerà il Global Head, succedendo a David Blitzer che passerà a ricoprire il ruolo di presidente alla fine dell'anno. Jas Khaira e Qasim Abbas sono stati promossi rispettivamente a Head delle Americhe e Internazionale. La piattaforma Tactical Opportunities, lanciata nel 2012, gestisce 37 miliardi di dollari in attivi ed è la più grande piattaforma di soluzioni di capitale strutturato a livello globale. La divisione ha recentemente chiuso il suo quarto fondo (BTO IV), che si prevede avrà quasi 10 miliardi di dollari di nuovo capitale, segnando il suo vintage più grande di sempre.

Blackstone (NYSE: BX) anunció cambios en la dirección de su división Tactical Opportunities. Chris James, actual COO y miembro fundador, se convertirá en el Global Head, sucediendo a David Blitzer, quien pasará a ser presidente a finales de año. Jas Khaira y Qasim Abbas han sido ascendidos a Head de las Américas e Internacional, respectivamente. La plataforma Tactical Opportunities, lanzada en 2012, gestiona 37 mil millones de dólares en activos y es la plataforma de soluciones de capital estructurado más grande a nivel mundial. La división cerró recientemente su cuarto fondo (BTO IV), que se espera tenga casi 10 mil millones de dólares de nuevo capital, marcando su mayor vintage hasta la fecha.

블랙스톤 (NYSE: BX)는 전술 기회 부문의 리더십 변경을 발표했습니다. 현재 COO이자 창립 멤버인 Chris James가 글로벌 책임자로 취임하며, David Blitzer는 연말에 의장직으로 전환합니다. Jas Khaira와 Qasim Abbas는 각각 아메리카 및 국제 책임자로 승진했습니다. 2012년에 출시된 전술 기회 플랫폼은 370억 달러의 자산을 관리하며, 전 세계에서 가장 큰 구조화 자본 솔루션 플랫폼입니다. 이 부서는 최근 네 번째 펀드(BTO IV)를 마감했으며, 이는 약 100억 달러의 새로운 자본을 포함할 것으로 예상되며, 지금까지의 최대 빈티지입니다.

Blackstone (NYSE: BX) a annoncé des changements à la tête de sa division Tactical Opportunities. Chris James, actuel COO et membre fondateur, deviendra le Global Head, succédant à David Blitzer qui passera au poste de président à la fin de l'année. Jas Khaira et Qasim Abbas sont promus respectivement responsables des Amériques et international. La plateforme Tactical Opportunities, lancée en 2012, gère 37 milliards de dollars d'actifs et est la plus grande plateforme de solutions de capital structuré au monde. Récemment, la division a clôturé son quatrième fonds (BTO IV), qui devrait avoir près de 10 milliards de dollars de nouveau capital, marquant ainsi son plus grand vintage à ce jour.

Blackstone (NYSE: BX) gab Änderungen in der Führung seiner Tactical Opportunities -Abteilung bekannt. Chris James, derzeit COO und Gründungsmitglied, wird der Global Head und folgt auf David Blitzer, der zum Jahresende zum Vorsitzenden wechselt. Jas Khaira und Qasim Abbas wurden jeweils zu den Leitern für Amerika und International ernannt. Die 2012 eingerichtete Tactical Opportunities-Plattform verwaltet 37 Milliarden Dollar an Vermögenswerten und ist die weltweit größte Plattform für strukturierte Kapitallösungen. Die Abteilung hat kürzlich ihren vierten Fonds (BTO IV) geschlossen, der voraussichtlich fast 10 Milliarden Dollar an neuem Kapital einbringen wird und damit den größten Vintage seiner Geschichte darstellt.

Positive
  • Tactical Opportunities has grown to $37 billion in assets under management
  • Record close of Fund IV with nearly $10 billion in new capital, substantially higher than Fund III
  • Internal promotion ensures leadership continuity with experienced executives
Negative
  • None.

Chris James Appointed Global Head of Tac Opps, David Blitzer to Transition to Chairman

Jas Khaira to be Head of Tac Opps Americas, Qasim Abbas to be Head of Tac Opps International

NEW YORK--(BUSINESS WIRE)-- Blackstone (NYSE: BX) announced today that Chris James – currently Chief Operating Officer (COO) and a founding member of Blackstone Tactical Opportunities (“Tac Opps”), with nearly two decades of experience at Blackstone – will become Global Head of Tac Opps. He will succeed David Blitzer, who will transition to chairman of the business at year end.

Blackstone also today announced the elevation of two long-time senior Tac Opps partners to expanded leadership roles for the business. Jas Khaira will be Head of Tactical Opportunities Americas and Qasim Abbas will be Head of Tactical Opportunities International.

Blackstone launched its Tactical Opportunities platform in 2012 – a strategy the firm pioneered – to invest across the landscape of private investment opportunities outside of traditional private equity and private credit. Today, Tac Opps has $37 billion of assets under management and is the largest structured capital solutions platform in the world. The Tac Opps team invests globally across asset classes, industries, and geographies, seeking to deliver compelling risk-adjusted returns by identifying and executing on attractive, differentiated investment opportunities.

Steve Schwarzman, Co-Founder, Chairman, and CEO of Blackstone, and Jon Gray, President & COO of Blackstone, said: “Chris James is the ideal choice to lead Tac Opps. He helped found the business and has run it day-to-day alongside David since its inception – playing an integral role in its success. Tac Opps is thriving in the current environment and we are confident CJ, Jas, and Qasim will continue its strong momentum. We are also quite pleased that David – who has done a world-class job building the Tac Opps franchise from scratch – will continue as chairman of the business.”

Chris James said: “I am excited to take on this new position and, alongside my partners Qasim and Jas, lead the deeply talented Tactical Opportunities team. We believe Tac Opps’ differentiated platform – with scale and flexible capital that benefits from the vast intellectual capital across Blackstone – is incredibly well positioned to continue delivering highly compelling opportunities for our investors.”

David Blitzer said: “We are pleased to have three of our senior partners take on these new positions to further the growth and success of the business – illustrating the breadth and strength of the talent on our team. CJ, Jas, and Qasim have been part of Tac Opps since the beginning and are perfectly positioned to continue moving it forward to even greater heights.”

In additional to his role as COO of Tac Opps, Mr. James has also been instrumental in the launching several new businesses at Blackstone including its insurance platform, growth investing platform, and private equity strategy for individual investors. Prior to Tactical Opportunities in 2012, Mr. James had been involved in the execution of Blackstone strategic initiatives, including the firm’s IPO, and its investments in GSO (now Blackstone Credit and Insurance, “BXCI”) and Strategic Partners.

Mr. Abbas currently leads Tac Opps’ European business and joined Blackstone in 2012. Mr. Khaira has been at Blackstone for two decades and leads Tac Opps digital infrastructure investments. Both Mr. Abbas and Mr. Khaira are founding members of Tac Opps.

Last year, Blackstone announced the record close of Blackstone Tactical Opportunities Fund IV (“BTO IV”). Including other single-investor vehicles pursuing the same strategy, the combined BTO IV platform is currently expected to have nearly $10 billion of new capital in its fourth fundraising vintage. This is substantially higher than the BTO III platform and the largest-ever vintage of its kind. Recent investments in BTO IV include CoreWeave, a specialized provider of critical cloud infrastructure pioneering the AI revolution, and the music royalty platform Hipgnosis.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1.1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Blackstone

Matt Anderson

(518) 248-7310

Matthew.Anderson@blackstone.com

Source: Blackstone

FAQ

Who is the new Global Head of Blackstone Tactical Opportunities (BX)?

Chris James, previously COO and founding member of Tactical Opportunities, has been appointed as the new Global Head of Blackstone Tactical Opportunities.

How much assets under management does Blackstone Tactical Opportunities (BX) have in 2023?

Blackstone Tactical Opportunities manages $37 billion in assets and is the largest structured capital solutions platform globally.

What is the size of Blackstone's (BX) latest Tactical Opportunities Fund IV?

Blackstone Tactical Opportunities Fund IV (BTO IV) platform is expected to have nearly $10 billion of new capital, making it the largest vintage of its kind.

When was Blackstone Tactical Opportunities (BX) launched?

Blackstone launched its Tactical Opportunities platform in 2012 as a pioneering strategy to invest across private investment opportunities outside traditional private equity and private credit.

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