Blackstone Launches Impact Investing Platform

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    NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) today announced the launch of a new impact
    investing platform that will be part of the firm’s Strategic Partners
    group. The platform will seek to deliver positive financial impact while
    addressing four specific investment themes— Health & Wellbeing,
    Financial Access, Sustainable Communities and Green Technologies.

    Tanya Barnes, former Managing Director in Goldman Sachs’ Merchant
    Banking Division, has joined Blackstone as a Managing Director to lead
    this initiative. The platform will make investments in mission-oriented
    businesses and managers, unlocking new opportunities for investors.

    It will leverage Strategic Partners’ scale and expertise across private
    equity, real estate and infrastructure by partnering with external
    impact managers focused on developed markets, as well as other investing
    businesses within Blackstone. The initiative will build on Blackstone’s
    previous investments in impact themes, and on Strategic Partners’ vast
    sourcing capabilities and partnerships with investment managers.

    Jon Gray, Blackstone President & COO, said: “As a firm, we seek to
    deliver value for our investors while also having a positive impact on
    the communities in which we operate. The impact platform is an exciting
    growth area and a natural extension of our business. We look forward to
    meeting the growing demand for impact investments.”

    Verdun Perry, Global Head of Strategic Partners, said: “We are thrilled
    to welcome Tanya Barnes to our team and to announce the launch of this
    initiative. Our impact platform has a powerful value proposition and
    significant growth potential. We believe it will greatly expand our
    ability to generate positive, measurable social and environmental
    impact, while making the companies we invest in more valuable.”

    Tanya Barnes added: “I am excited to join Blackstone and the Strategic
    Partners business. I look forward to leveraging the firm’s expertise and
    scale to expand the role of private capital to create solutions that
    address the world’s most pressing social and environmental challenges.”

    In her previous role, Ms. Barnes focused on private equity investments
    and helped build and run a co-investment business. She was responsible
    for all stages of investing, including developing thematic investment
    targets in financial services and consumer retail companies. Ms. Barnes
    also ran her own firm where she was an active advisor, investor and
    board member to investment firms and operating businesses.

    About Strategic Partners

    Strategic Partners is a market leader in private fund investing. Since
    2000, Strategic Partners has raised $42 billion dedicated to private
    equity, real estate and infrastructure secondary and fund investing.
    Strategic Partners is recognized as an innovative and market-leading
    investor, with broad transaction capabilities that reinforce its
    established reputation as a nimble and responsive investor. Strategic
    Partners has executed over 1,275 transactions that represent interests
    in over 3,500 underlying fund interests managed by nearly 1,300
    different financial sponsors.

    About Blackstone

    Blackstone is one of the world’s leading investment firms. We seek to
    create positive economic impact and long-term value for our investors,
    the companies in which we invest, and the communities in which we work.
    We do this by using extraordinary people and flexible capital to help
    companies solve problems. Our asset management businesses, with $512
    billion in assets under management, include investment vehicles focused
    on private equity, real estate, public debt and equity, non-investment
    grade credit, real assets and secondary funds, all on a global basis.
    Further information is available at
    Follow Blackstone on twitter @Blackstone.


    Jennifer Friedman
    (212) 583-5122