Blackstone has appointed Stevi Petrelli as Head of Blackstone Innovations Investments (BXI Investments) where she will be responsible for overseeing the firm’s internal investments in early-stage PropTech, Enterprise Tech, Cybersecurity and FinTech companies.

Petrelli has joined as a Managing Director and, in this newly created role, will work across Blackstone’s Technology & Innovations, Growth, Real Estate, Private Wealth Solutions and Finance businesses to drive these investments, helping accelerate innovation across the firm.

BXI Investments invests in early-stage companies that are well-positioned to benefit from a deeper relationship with Blackstone’s many businesses, portfolio companies and extensive global network. Previous investments include iCapital, Canoe, Coupa and Cylance, among 28 investments made to date.

John Stecher, Chief Technology Officer, says: “We are pleased to welcome Stevi to the Blackstone team. She has deep experience making strategic investments within larger organisations and unlocking the value that can be created from scaled players like Blackstone partnering with the early-stage ecosystem. I look forward to working with Stevi as we continue to grow our portfolio with businesses that offer world-class technology solutions.”

Read more/Source: Private Equity Wire