Private equity giant Blackstone reportedly saw three senior managing directors in Asia leave since last month, amidst ongoing expansion in the region.
Kishore Moorjani, Asia head of tactical opportunities, was the latest to resign after nine years with the firm. He will be replaced by senior partner Menes Chee, who will relocate from Blackstone’s headquarter in New York to Hong Kong.
Moorjani joined Blackstone in 2012 and established its tactics business opportunity to connect flexible capital with high quality companies based on investment ideas that may be outside the mandates of other funds. Prior to joining Blackstone, Moorjani was the founder and chief investment officer of Credit Asia Capital, an Asian special situations investment firm established in partnership with a Blackstone fund.
Three in a Month
According to a «Bloomberg» report citing unnamed sources, Moorjani marks the third senior managing director exit from Blackstone’s Asia unit since last month.
Other departures include China head of real estate Tim Wang last month and Mumbai-based partner Amit Jain, who is expected to leave at the end of this year.
This occurs amid ongoing expansion in Asia as the firm seeks to raise at least $5 billion for its second private equity fund focused on the region.
Source: FI News
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