NEW YORK--(BUSINESS WIRE)--Third graph, second sentence should read: Pablo will complement our team, which collectively has almost 80 years of experience and completed $11.5 billion in volume of secondary transactions.” (sted Pablo will complement our team, which collectively has almost 80 years of experience and completed $11.5 million in volume of secondary transactions.”)
The corrected release reads:
PABLO CALO TO JOIN BLACKSTONE’S PARK HILL GROUP
The Park Hill Group, a division of Blackstone (NYSE:BX), today announced that Pablo Calo has joined its secondary advisory business as a Managing Principal, based in London. This business delivers liquidity and capital solutions to private equity investors and managers.
Mr. Calo has spent the last sixteen years dedicated to private equity, most recently as the Head of European Private Equity Secondaries at PineBridge Investments (formerly AIG Investments). Prior to this, Mr. Calo spent nine years at AIG Capital Partners, in both New York and Buenos Aires. At Park Hill, Mr. Calo will focus on providing secondary advisory services to clients across Europe.
Larry Thuet, a Senior Managing Director at Park Hill, said, “We are delighted that Pablo has joined us. He brings a strong tenure as a secondary investor, insight as limited partner and extensive experience in direct and mezzanine investments globally. Pablo will complement our team, which collectively has almost 80 years of experience and completed $11.5 billion in volume of secondary transactions.”
Pablo Calo added, “Park Hill has an unrivalled platform from which to provide clients solutions for their private portfolios, be it rebalancing their holdings, generating liquidity or modifying their strategy. For partners in private equity funds, an opportunity to resolve misalignment of interests, maximizing asset value and raising additional capital, Park Hill has one of the best and broadest networks. I am excited to be part of a group focused on adding value to the industry.”
About Park Hill
The Park Hill Group, an affiliate of Blackstone, is a leading global alternative asset placement agent with over 70 professionals based in 10 offices around the globe. Since inception, Park Hill has served as a placement agent to funds that raised in excess of $194 billion for 132 private equity, hedge funds and real estate funds. Park Hill Secondary Advisory is fully integrated within the broader Park Hill Group, utilizing a global network of relationships to deliver superior results across multiple asset classes. Further information is available at www.parkhillgroup.com.