Blackstone hires Chip Schorr as a senior MD in the PE Group with tech focusThe Blackstone Group has appointed Chip Schorr as a senior managing director in the firm's Private Equity Group. Based in New York, he will oversee technology-related investments. Prior to joining Blackstone, Schorr was with Citigroup Venture Capital Equity Partners in New York for nine years.
Stephen A Schwarzman, chairman and CEO at Blackstone, said, 'We are absolutely delighted Chip is joining Blackstone. We believe strongly in industry sector expertise, and Chip is a superstar in his field.
'His great insight and proven track record in technology investing opens a large and dynamic sector of the world's economy to us. Technology investing is the basis on which whole firms have been established and will be a major initiative for Blackstone,' Schwarzman continued.
'Fundamental shifts in the technology cycle have created enormous opportunities for large cap technology buy-outs. Blackstone is the ideal platform to pursue these opportunities and I am delighted to be part of such a world-class organization,' Schorr added.
Blackstone has offices in New York, Atlanta, Boston, Los Angeles, London, Hamburg, Mumbai and Paris.
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