Blackstone investor relations veteran Ken Whitney has reportedly told the firm he plans to retire from his role after more than two decades at the heart of its fundraising activities.
Whitney will stay on at the business he has been part of since 1988 as a senior advisor according to PEI, which said it obtained an internal Blackstone email detailing the departure.
The former accountant is currently senior managing director in the asset management giant’s investor relations and business development group.
He was responsible for the development of Blackstone’s diversification into real estate, mezzanine and debt advisory, and oversaw the firm’s initial investments and joint ventures in the real estate area.
That move has seen Blackstone become the biggest real estate private equity firm in the world, with more than $60bn of assets under management.
The firm’s credit arm also has $58bn under management, meaning both asset classes have outstripped Blackstone’s core private equity business which manages $53bn.
Copyright © 2013 AltAssets