Blackstone elevates Marshall, a 17-year direct lending lead, in response to increased activity in credit arm.

Blackstone, one of the world’s leading investment firms, has recently announced the promotion of Marshall Merriman to the position of Senior Managing Director and Global Head of Direct Lending. This move comes as a response to the increased activity in the credit arm of the firm, which has seen a surge in demand for direct lending services.

Merriman has been with Blackstone for 17 years and has been instrumental in building the firm’s direct lending business. He has played a key role in establishing Blackstone as a leader in the industry, with over $150 billion in assets under management. In his new role, Merriman will be responsible for overseeing the firm’s global direct lending platform, which includes over 100 investment professionals across North America, Europe, and Asia.

Direct lending is a form of private debt financing where investors provide loans directly to companies without the involvement of traditional banks. This type of financing has become increasingly popular in recent years as companies seek alternative sources of funding and investors look for higher yields in a low-interest-rate environment. Direct lending offers several advantages over traditional bank lending, including greater flexibility, faster execution, and potentially higher returns.

Blackstone’s direct lending platform has been growing rapidly in recent years, driven by strong demand from investors and borrowers alike. The firm has been able to leverage its extensive network and expertise in private equity to build a leading position in the industry. Blackstone’s direct lending business has also benefited from the trend towards disintermediation in the financial sector, as more companies seek to bypass traditional banks and access capital directly from institutional investors.

Merriman’s promotion reflects Blackstone’s commitment to continuing to grow its direct lending business and capitalize on the opportunities in the market. His deep experience and expertise in the industry make him well-suited to lead the firm’s global efforts in this area. Blackstone’s direct lending platform is expected to continue to play an important role in the firm’s overall growth strategy, as it seeks to provide investors with attractive returns and help companies access the capital they need to grow and succeed.

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