Blackstone, one of the world’s largest alternative asset management firms, has appointed Marshall as its 17-year direct lending lead. This move comes at a time when Blackstone’s credit arm is experiencing a period of unprecedented activity.
Marshall brings with him a wealth of experience in the direct lending space, having previously worked for a number of leading financial institutions. He has held senior positions at Goldman Sachs, Credit Suisse, and most recently, Deutsche Bank. During his time at Deutsche Bank, Marshall was responsible for structuring and executing a number of complex direct lending transactions.
Blackstone’s credit arm has seen a surge in activity in recent months, with the firm having closed over $20 billion in direct lending transactions in the first quarter of 2020 alone. This is a significant increase on the $14 billion that Blackstone closed in 2019. The firm has also seen an increase in demand for its services from both institutional and retail investors.
The appointment of Marshall is part of Blackstone’s strategy to capitalize on this increased demand for its services. Marshall will be responsible for leading the firm’s direct lending activities, which includes providing debt financing to companies across a range of industries. He will also be tasked with developing new products and services to meet the needs of Blackstone’s clients.
Marshall’s appointment is a further indication of Blackstone’s commitment to the direct lending space. The firm has been investing heavily in the sector for several years, and this latest move is further evidence of its commitment to this area of its business.
With Marshall at the helm, Blackstone is well positioned to take advantage of the current boom in direct lending activity. His experience and expertise will be invaluable as the firm looks to capitalize on this increased demand for its services.
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