World's largest alternative asset manager Blackstone will open new office in Germany

KUALA LUMPUR, March 20 (Bernama) -- Blackstone, the world’s largest alternative asset manager, announced that it will open a new office in Frankfurt, Germany.

According to Blackstone in a statement, the new flagship location will occupy 1,300 square metres in the OMNITURM in Frankfurt’s financial district and serve as a hub for Blackstone in Germany.

Blackstone President and Chief Operating Officer, Jon Gray said: “We are very excited to be opening a new office in Frankfurt, and to be expanding our presence in Germany. Germany is an economic powerhouse, a great country to do business in and we look forward to investing here for a long time to come.”

The new office will host professionals across Blackstone’s private equity, real estate, and credit businesses, in addition to providing a hub for Blackstone’s private wealth solutions business, which serves investment professionals and individual investors across Europe.

The firm Senior Managing Directors, Juergen Pinker will lead on Private Equity, with Jurij Puth, leading on Credit.

Blackstone has been an active and significant investor in Germany for more than two decades, with currently more than 7,000 people employed by its portfolio companies in the country.

The opening of the new office in Frankfurt highlights Blackstone’s conviction in Germany, and its plan to build on its success and expand its activity in the German market going forward.

Currently, Blackstone investments in Germany include Leica and Schenck Process. In the past, the firm invested in Scout24, Gerresheimer, as well as Meerwind, the first privately financed offshore wind farm in Germany.

The firm also has significant investments in German real estate, particularly logistics assets and commercial real estate.

-- BERNAMA