Our large team of operating professionals can help companies scale efficiently and navigate the obstacles that often accompany rapid growth. The investment will help fuel Vectra’s continued growth through platform innovation and expansion into new markets and geographies, solidifying its Cognito platform as a … And access to Blackstone’s 200+ portfolio companies can serve as a valuable network for businesses looking to expand across industries and geographies. Joe Baratta, Global Head of Private Equity at Blackstone, said: “The Mills family has built an exceptional business, and we are proud to partner with them and Medline’s management to support the company’s continued strong growth. Magic Lab, which took in more than $2 billion from Blackstone, would be too hefty a check for a traditional growth equity firm. Ken drives strategy and direction for new client growth, client satisfaction and adapting the Blackstone Talent’s service offerings to meet the demands of today’s dynamic and fast-paced resource marketplace. What made BXG stand out was the team’s ability to offer not only capital, but also access to Blackstone’s full suite of operational resources. Forget SoftBank, Blackstone suggests; it can write $500 million checks, too Back in January, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier this year — quietly began piecing together a new, growth equity platform called Blackstone Growth, or BXG. SYDNEY, April 29, 2021 /PRNewswire/ — Vectra AI, a leader in threat detection and response today announced a $130 million round of funding led by funds managed by Blackstone Growth (BXG, “Blackstone Growth”). Blackstone’s Growth team is led by ex-General Atlantic executive Jon Korngold. Called Hydrogen Health, the new company will use K Health’s artificial intelligence technology to create digital healthcare solutions to the employer and consumer markets. WHAT WE DO We invest across alternative asset classes on behalf of pension funds and other leading institutions. Blackstone Growth, Blackstone’s global growth equity business, invests in fast-growing companies, helping them expand their potential through the power of the Blackstone platform. Back in January, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier this year … The Blackstone Group was founded in 1985 by Peter G. Peterson and Growth Equity Blackstone Growth (BXG) is focused on investing in fast-growing sectors while leveraging our scale and operating expertise to develop these investments into global champions. Leading the investment, Blackstone Growth maintains over $619 million in assets, and focuses on contributing venture capital into private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds on an international basis. About Blackstone . Founded in 1967, SERVPRO has grown into a network of over 1,700 franchises in North America. The platform will employ a thematic approach to capitalise on powerful secular growth trends globally. Blackstone’s businesses include private equity, real estate, funds of hedge funds, credit-oriented funds, CLOs and closed-end mutual funds. Our advisory business includes financial, restructuring & reorganization advisory and fund placement services. Blackstone’s immense scale and operational expertise affords entrepreneurs the ability to pursue transformational growth opportunities that might not have been available to them in the past." Capital raised for Blackstone’s debut growth equity vehicle will back fast-growing companies in the financial services, enterprise and consumer technologies, healthcare and consumer sectors. “Healthcare is an area undergoing immense technological transformation, and … Watch the video to hear from Whitney. Blackstone raises a historic growth equity fund On Friday, investment management giant Blackstone, whose $619 billion in managed client assets are invested in virtually every asset class on the planet, announced the final close of Blackstone Growth (BXG), its inaugural growth equity fund. The Company's alternative asset management business includes investment vehicles focused on real estate, private equity, public debt and equity, growth equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Greg Blank, a Senior Managing Director with Blackstone Infrastructure Partners, said: "We are enormously excited to invest behind the Hotwire management team … The firm is adding new resources and capabilities within its business units and also building out a corporate ESG structure. Blackstone hired ex-General Atlantic executive Jon Korngold in 2019 to launch the platform and that year assembled a team of about 20 executives. Global Co-Head of Technology Investing and Head of Blackstone Growth Jon Korngold is the Global Co-Head of Technology Investing and Head of Blackstone Growth (BXG), which is focused on providing capital to companies seeking to manage the execution risks associated with high-growth environments. Blackstone (NYSE: BX) today announced the final close of Blackstone Growth (BXG), its inaugural growth equity fund. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and … The team focuses on investments in companies between early stage venture and traditional buyouts in sectors like financial services, healthcare, enterprise tech and consumer and consumer technologies. We seek to … We’re excited to invest in what they have built and to join forces with the Verlinvest-CR JV to ensure its continued success moving forward.” Blackstone Horizon is a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. Blackstone is committed to deepening ESG integration across its … Average investments from the fund are in the range … Ken has over 24 years of IT industry experience including a 16-year tenure with Blackstone. Jon is a member of both the BXG and Tactical Opportunities Investment Committees. BXG was oversubscribed and closed at its hard cap of $4.5 billion – … The investment will help fuel Vectra’s continued growth through platform innovation and expansion into new markets and geographies, solidifying its Cognito platform … Other executives include Stephen A. Schwarzman, Chairman, CEO & Co-Founder; Jonathan Gray, President, COO and 34 others. Blackstone Growth will focus on companies that are between early-stage venture and traditional buyouts. Blackstone provides one of the largest opportunistic investment platforms in the world, providing differentiated solutions from the timely sourcing, execution and management of our investments. He will lead the healthcare investing efforts for the growth equity team, according to Blackstone. We are privileged to partner with Toni and the broader Oatly team to help the company extend its global leadership position in the years to come.” Since its … Through BXG, Blackstone can offer growth-stage entrepreneurs potential access to its more than 100 operating professionals and advisors, a group procurement program that purchases on behalf of portfolio companies with more than 450,000 employees, a dedicated team responsible for identifying opportunities for its businesses to sell to its global portfolio companies with more than $160 … Paul Morrissey said: "I’m excited to join Blackstone and look forward to working with the team to extend BXG’s leadership position as a highly strategic partner to growth-stage companies. Ann Chung, Managing Director at Blackstone Growth, said: “Oatly has a creative and talented team, an incredible brand, and a strong set of values. Back in January 2019, Blackstone — the investment firm whose assets under management surpassed a jaw-dropping half a trillion dollars earlier [that] year — quietly began piecing together a new, growth equity platform called Blackstone Growth, or BXG. SAN JOSE, Calif., April 29, 2021 — Vectra AI, a leader in threat detection and response today announced a $130 million round of funding led by funds managed by Blackstone Growth (BXG, “Blackstone Growth”).The investment will help fuel Vectra’s continued growth through platform innovation and expansion into new markets and geographies, solidifying its Cognito platform as a … Sectors include financial services, healthcare, enterprise technology and consumer, as … In 2019, Blackstone entered into a long-term investment partnership with SERVPRO, a leading provider of disaster, mitigation and reconstruction services. Constant innovation and growth have made life sciences one of Blackstone’s highest-conviction themes. Related Articles. Growth Equity. Blackstone Group's Executive Vice Chairman is Hamilton E. James. The company’s portfolio operations team and chief sustainability officer have taken an active approach to leveraging Blackstone’s large size to execute on related measures. Step one was hiring Jon Korngold. The firm is adding new resources and capabilities within its business units and also building out a corporate ESG structure. Martin Brand, Head of North American Private Equity at Blackstone and Global Co-Head of Technology Investing, added: “We are excited to be partnered with Vista, and look forward to working with Laura and Ellucian’s first-class management team to accelerate growth and drive the company’s global expansion.” See the full leadership team at Craft. His main responsibilities include advising clients on the distribution of work, managing Counsel's diaries, fee negotiation and practice development for all member of Chambers. The Firm Blackstone invests for the long term because building successful, resilient businesses can lead to better returns, stronger communities and economic growth that works for everyone. Jon Korngold, Global Head of Blackstone Growth, said: “Oatly is a premier global brand whose product is committed to healthy and sustainable living with significant runway for continued growth to meet rising consumer demand. SAN JOSE, Calif., April 29, 2021 — Vectra AI, a leader in threat detection and response today announced a $130 million round of funding led by funds managed by Blackstone Growth (BXG, “Blackstone Growth”). Blackstone Group Inc. is an investment firm. K Health and funds managed by Blackstone Growth (“Blackstone Growth”) today announced the formation of Hydrogen Health, LLC to help create innovative, digital-first healthcare solutions. Blackstone announced that private equity funds affiliated with Blackstone have agreed to acquire Sabre Industries, Inc. (“Sabre”) from The Jordan Company. Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone. $649B AUM Note: All figures as of March 31, 2021, unless otherwise […] Digital health startup K Health, in collaboration with and with backing from Blackstone Growth and Anthem, is launching a new joint venture aimed at increasing access to healthcare while making it more affordable. A spokesman for Blackstone declined to comment. He will become Chairman of Blackstone Israel, continuing to serve as an advisor to the firm and the Israel-based team. Blackstone Group’s growth equity team is targeting $3 billion to $4 billion for its debut growth fund, sources told Buyouts. New York, April 27, 2021 – Blackstone (NYSE: BX) today announced that it is continuing to expand its Environmental, Social, Governance (ESG) team, with five newly created senior positions across the U.S., Europe and Asia. Chung says that the firm’s sustainability program has made financial sense, saving select portfolio companies more than 15% in energy savings on average. Blackstone is proud to partner with this family-owned business to support its further expansion. Blackstone (NYSE: BX) today announced that it is continuing to expand its Environmental, Social, Governance (ESG) team, with five newly created senior positions across the U.S., Europe and Asia. Blackstone is one of the world’s leading investment firms. It’s not clear if the fund has settled on a hard cap yet. Much talked-about Swedish music company Epidemic Sound has just taken on a $450 million funding round – including money from investment giant Blackstone. Ken Hans is a Partner at Blackstone and the CEO for Blackstone Talent Group. Jon Korngold, Global Head of Blackstone Growth… It … Jon Korngold, Global Head of Blackstone Growth, said: “The scale of the resources, operational expertise, and capital that Blackstone can deliver to growth-stage entrepreneurs is a clear differentiator. Support, Growth, and Partnership: Tac Opps CEOs Share Their Perspectives. The investment sees Blackstone Growth (BXG) team up with EQT Growth in the round, which gives Epidemic Sound a … Lewis Walker commenced his clerking career in 2002 and has been at Blackstone Chambers since 2008 where he is now an integral member of the senior clerking team. Blackstone Continues to Build Global ESG Team April 27, 2021 Blackstone (NYSE: BX) today announced that it is continuing to expand its Environmental, Social, Governance (ESG) team, with five newly created senior positions across the U.S., Europe and Asia. The team, led by ex-General Atlantic executive Jon Korngold, has been talking to potential investors for months about the first pool.