Blackstone announces Adam White, former President and COO of Bakkt, as Senior Advisor
Blackstone today announced the appointment of Adam White, former Bakkt and Coinbase executive, as a Senior Advisor. White brings a breadth of experience as a senior leader and entrepreneur in the crypto and blockchain technology space and will advise across Blackstone’s businesses, with an emphasis on Blackstone Growth (BXG), the firm’s growth equity investing platform. […]
Carlyle CEO Kewsong Lee steps down; Conway to be Interim Chief
Carlyle Group Inc. said Chief Executive Officer Kewsong Lee stepped down, a setback to the private equity giant’s bid to navigate a generational transition during a period of market turbulence. His sudden exit, announced late Sunday, reverses a changing of the guard set in motion just five years ago when Carlyle’s founders ceded leadership duties […]
Carlyle Group Hires Dey as It Restructures Energy-Deals Team
Carlyle Group Inc. hired Avik Dey to co-head its energy business as part of broader shifts in how the private equity firm invests in the industry. Dey, who starts this summer, was previously chief financial officer at chemicals and plastic-resins maker Nova Chemicals Corp. and helped build Canadian pension investor CPP Investments’ strategy for renewables. […]
KKR Hires From Barclays, UBS for Equity Capital Markets Push
KKR & Co. hired a pair of bankers from Barclays Plc and UBS Group AG as part of an effort to further expand its equity capital markets platform, which raised $20 billion in equity proceeds last year. Andrew Kolmar, most recently a Barclays managing director, and Hannah Malter, who resigned last month as UBS’s head […]
KKR Hires Ford Motor Veteran Pamela Alexander to Oversee Philanthropy
KKR & Co. hired Ford Motor Co.’s Pamela Alexander to oversee the private equity firm’s corporate citizenship and philanthropy programs. Alexander, 54, will be based in New York and also work with KKR’s portfolio companies, according to an emailed statement. She succeeds Ali Hartman, who left to oversee responsible investment at Tiger Global Management. In […]
Blackstone Poaches From Goldman Again With Craig Russell Hire
Craig Russell, a Goldman partner and vice chairman of its asset management unit, is leaving to join the private equity giant, according to people familiar with the matter. He’s exiting two months after being tapped by the heads of the unit to work on strategic initiatives and to deepen ties with key clients. Russell is […]
Vista Equity Partners Appoints Lauren Dillard Chief Financial Officer
Vista Equity Partners, a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced the appointment of Lauren Dillard as Chief Financial Officer and Senior Managing Director, effective April 11. She will succeed John Warnken-Brill, who is retiring from the role after over 15 years and will partner with Ms. […]
As Profits Rise, Private Equity Billionaires Have Huge Paydays
The largest paychecks on Wall Street aren’t being collected in corner offices at Goldman Sachs or JPMorgan, but at the top ranks of the world’s largest private equity firms, where hundreds of millions of dollars are flowing in carried interest payouts and bonuses. The ballooning executive compensation at private equity and alternative investing firms reflects […]
KKR Co-Founders Each Receive $100 Million As Private Equity Pay Booms
KKR co-founders Henry Kravis and George Roberts each earned more than $100mn in 2021 as buoyant financial markets caused the private equity group’s profits to soar. The hauls of Kravis and Roberts disclosed in KKR’s annual report on Monday came from about $67mn in “carried interest” pay that each received and over $40mn in dividends […]
Blackstone appoints former Twitch and Pandora COO as Senior Advisor
Blackstone has appointed Sara Clemens, former Chief Operating Officer at Twitch and Pandora, as a Senior Advisor. Clemens has over 25 years of experience helping lead high-growth companies at the intersection of streaming content and consumer technology. She will advise across Blackstone’s businesses, with a focus on Blackstone Growth (BXG), the firm’s growth equity investing […]