Marshall, a 17-year direct lending lead, promoted by Blackstone amidst growing credit arm activity

Blackstone, one of the world’s leading investment firms, has recently promoted Marshall, a 17-year direct lending lead, amidst growing activity in its credit arm. This move highlights the firm’s commitment to expanding its credit business and capitalizing on the growing demand for alternative lending solutions.

Marshall has been with Blackstone since 2004 and has played a key role in building the firm’s direct lending business. He has been instrumental in sourcing and executing a number of high-profile deals, including the acquisition of a majority stake in the financial services company, HealthEdge, and the financing of the acquisition of the software company, Ellucian.

As Blackstone continues to expand its credit business, Marshall’s promotion is seen as a strategic move to strengthen the firm’s leadership team and capitalize on his expertise in direct lending. Direct lending is a form of alternative lending that allows companies to borrow directly from institutional investors, bypassing traditional banks.

The demand for alternative lending solutions has been growing in recent years, as companies seek to diversify their sources of funding and access capital more quickly and efficiently. Direct lending has emerged as a popular option for companies looking for flexible financing solutions that can be tailored to their specific needs.

Blackstone’s credit arm has been at the forefront of this trend, with the firm investing heavily in direct lending and other alternative credit strategies. In 2020, Blackstone raised $9.8 billion for its latest direct lending fund, which is focused on providing financing to middle-market companies.

Marshall’s promotion comes at a time when Blackstone is ramping up its activity in the credit space. The firm recently acquired a majority stake in DCI, a provider of software solutions for community banks and credit unions. This acquisition is expected to further strengthen Blackstone’s position in the financial services sector and provide new opportunities for its credit business.

Overall, Marshall’s promotion is a testament to Blackstone’s commitment to expanding its credit business and capitalizing on the growing demand for alternative lending solutions. With his expertise in direct lending and his track record of success, Marshall is well-positioned to help lead Blackstone’s credit arm into the future.

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