TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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A Commercial Banker’s Tickler Transition Plan
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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November 4, 2021
Source: Businesswire
NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced the formation of its Structured Finance Group, which brings together Blackstone Real Estate Debt Strategies (“BREDS”) and the firm’s various asset backed finance activities. Jonathan Pollack, currently the Global Head of BREDS, has been named Global Head of the Structured Finance Group. Timothy Johnson, currently the Global Head of Originations for BREDS, will become Global Head of BREDS, overseeing all commercial and residential lending activities.
Rob Camacho will continue to lead the firm’s investment activities in asset based finance. Mike Wiebolt, who currently manages the Real Estate Group’s liquid securities activities, will now also manage asset backed securities.
The formation of this combined group will drive further scale in Blackstone’s lending capabilities across a variety of asset backed finance markets, including consumer finance, real estate, transportation, trade receivables, fund finance, and digital infrastructure.
Jon Gray, President and Chief Operating Officer of Blackstone, said: “This team will capitalize on information across asset classes to deliver unique financing solutions to our clients. The time to expand this part of our business has never been better, particularly as we deploy increasing amounts of insurance capital. Jonathan has done a tremendous job leading BREDS, and we’re excited for him to apply his expertise more broadly.”
Mr. Pollack said: “We believe that direct origination of structured credit investments is integral to delivering differentiated performance for our clients. We are excited to build upon our greatest strengths – broad sourcing capabilities reinforced by deep relationships, large scale capital, and providing tailored solutions to our borrowers and counterparties.”
About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
Contacts
Jeffrey Kauth
(212) 583-5395
Jeffrey.Kauth@Blackstone.com
