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

Blackstone, one of the world’s largest alternative asset managers, recently announced the promotion of Marshall, a 17-year direct lending lead, amidst increased activity in its credit arm. Marshall has been with Blackstone since 2004 and has played a key role in building the firm’s direct lending business.

Direct lending is a type of financing where borrowers receive loans directly from investors, rather than through banks or other financial institutions. This type of lending has become increasingly popular in recent years, as investors seek higher returns in a low-interest-rate environment.

Marshall’s promotion comes at a time when Blackstone’s credit arm is experiencing significant growth. The firm’s credit business has more than $150 billion in assets under management and has been expanding rapidly in recent years. In 2020, Blackstone raised $9.8 billion for its latest direct lending fund, which was oversubscribed and exceeded its target by $1.8 billion.

Marshall’s expertise in direct lending has been instrumental in the success of Blackstone’s credit business. He has led the firm’s efforts to provide financing to middle-market companies, which are often underserved by traditional lenders. Marshall has also been involved in structuring complex deals, such as the financing of leveraged buyouts and recapitalizations.

In his new role, Marshall will oversee Blackstone’s direct lending business and will be responsible for managing the firm’s relationships with borrowers and investors. He will also work closely with Blackstone’s private equity and real estate teams to identify investment opportunities.

Marshall’s promotion is a testament to his contributions to Blackstone’s credit business and his expertise in direct lending. His leadership will be crucial as the firm continues to expand its credit offerings and provide financing to middle-market companies.

In conclusion, Marshall’s promotion by Blackstone amidst increased activity in its credit arm highlights the importance of direct lending in today’s financial landscape. As investors seek higher returns and middle-market companies require financing, direct lending has become a critical source of funding. Marshall’s expertise in this area will be instrumental in Blackstone’s continued success in the credit market.

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