Blackstone’s Credit Arm Sees Booming Activity as 17-Year Direct Lending Lead Marshall is Promoted

Blackstone’s credit arm has been experiencing a surge in activity lately, thanks in part to the promotion of 17-year direct lending lead, Dwight Marshall. Marshall’s promotion to global head of direct lending comes at a time when Blackstone’s credit business is booming, with the firm’s assets under management in the space growing from $3 billion in 2012 to over $150 billion today.

Direct lending is a form of private debt financing where investors lend money directly to companies, bypassing 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 returns than those offered by traditional fixed-income investments.

Blackstone’s credit arm has been a major player in the direct lending space, providing financing to companies across a range of industries, including healthcare, technology, and energy. The firm’s direct lending business has grown rapidly over the past few years, with assets under management increasing by more than 20% annually.

Marshall, who joined Blackstone in 2004, has been instrumental in building the firm’s direct lending business. He has led several high-profile deals, including the financing of Dell’s acquisition of EMC and the acquisition of a stake in Thomson Reuters’ financial and risk business. In his new role as global head of direct lending, Marshall will oversee Blackstone’s direct lending business across the Americas, Europe, and Asia.

Marshall’s promotion is a testament to Blackstone’s commitment to its credit business and its belief in the continued growth of the direct lending market. The firm has been actively expanding its credit platform in recent years, adding new strategies such as distressed debt and mezzanine financing.

Blackstone’s credit business has also been a bright spot for the firm during the COVID-19 pandemic. While many other areas of the firm’s business have been impacted by the pandemic, the credit business has remained resilient. In fact, Blackstone’s credit arm has been one of the most active lenders in the market, providing financing to companies in need of liquidity during the crisis.

Overall, Blackstone’s credit arm is well-positioned for continued growth and success in the direct lending space. With Dwight Marshall at the helm, the firm is poised to continue its track record of providing innovative financing solutions to companies around the world.

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