NEW YORK, November 03, 2021 –-(BUSINESS WIRE)–Blackstone (NYSE: BX) today announced the formation of its structured finance group, which includes Blackstone Real Estate Debt Strategies (“BREDS”) and the company’s asset-backed assets Jonathan Pollack, most recently Global Head of BREDS, has been named Global Head of the Structured Finance Group. Timothy Johnson, recently BREDS Global Director of Assembly, will become Global Director of BREDS, overseeing all residential advertising and lending activities.
Rob Camacho will continue to lead the company’s investment activities in asset-based financing. Mike Wiebolt, who most recently manages the real estate group’s liquid securities business, will now manage asset-backed securities.
The formation of this combined organization will further expand Blackstone’s lending functions in an asset-backed money market, adding credit to customers, real estate, transportation, industry receivables, fund financing, and virtual infrastructure.
Jon Gray, Blackstone’s president and chief operating officer, said: “This team will capitalise on data from all asset categories to deliver financial answers to our customers. Increasing amounts of insurance capital. Jonathan has done a wonderful job at the helm of BREDS, and we are very pleased that he is applying his expertise more broadly.
Pollack said, “We believe that the direct origination of investments in structured credits is an integral component of delivering differentiated functionalities for our clients. Solutions to our borrowers and countercomponents. “
About Blackstone
Blackstone is the world’s largest asset manager of choice. We seek to create a positive economic effect and a long-term price for our investors, the corporations we invest in and the communities in which we work. To do this, we use other ordinary people and flexible capital to help corporations solve their problems. Our $731 billion in controlled assets come with investment cars targeting personal equity, real estate, debt and public stocks, life sciences, expansion stocks, opportunistic and base credit, genuine assets and secondary funds, all globally. More data can be obtained in www. blackstone. com. Follow Blackstone on Twitter @Blackstone.
See the businesswire. com edition: https://www. businesswire. com/news/home/20211103006223/en/
Contacts
Jeffrey Kauth (212) 583-5395Jeffrey. Kauth@Blackstone. com