New York, June 29, 2009. The Blackstone Group (NYSE: BX) today announced that Philip Levinson will join the firm, effective July 6, as a Managing Director. Mr Levinson will be responsible for raising capital for Blackstone’s suite of funds, maintaining client relationships and participating in the development of new products for institutional investors across the entire Asia Pacific region. He joins from RREEF, the global real estate, infrastructure and private equity platform of Deutsche Asset Management.
Stephen A. Schwarzman, Blackstone’s Chairman and CEO, said: "Philip Levinson’s appointment reflects both the increasing sophistication of Asian institutional investors as they turn to alternative assets as an integral part of their portfolios and the increasing importance of Asian capital markets in global investment flows."
"Philip has had over 20 years of experience in serving institutional investors throughout Asia and Australia. He has established strong relationships with these investors and will be a vital addition to our team as we continue to build out our global footprint."
Mr Levinson said: "I am delighted to be joining the world’s largest alternative asset manager. Its brand and unparalleled track record in producing returns for its investors over a considerable period of time will make Blackstone of great interest to institutions throughout the Asia Pacific region."
Mr Levinson graduated with an LLB from the University of Bristol in the UK. He is a Fellow of the Royal Institute of Chartered Surveyors, a Member of the Chartered Institute of Arbitrators and a qualified mediator. He is also the Honorary Secretary of the Asian Public Real Estate Association (APREA), co-chair of APREA’s Sustainability Committee and Chair of the Asian Property Derivatives Interest Group.
About The Blackstone Group
Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of corporate private equity funds, real estate funds, hedge funds, funds of funds, debt funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service. Further information: www.blackstone.com.