-

Blackstone Announces Appointment of Frederic Kerrest, Executive Vice Chairman, Chief Operating Officer, and Co-Founder of Okta, as Senior Advisor

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE:BX) today announced the appointment of Frederic Kerrest, Executive Vice Chairman, Chief Operating Officer, and Co-Founder of Okta – a leading independent provider of identity systems for businesses and organizations – as a Senior Advisor. He will bring his extensive experience as an entrepreneur and as an enterprise software executive to advise across Blackstone’s businesses, with a focus on Blackstone Growth (BXG), the firm’s growth equity investing platform.

Jon Korngold, Global Head of Blackstone Growth, said: “Freddy is a leading expert on digital transformation and he understands the opportunities and challenges facing high-growth companies. Our investment teams and portfolio companies will benefit greatly from that deep well of knowledge as we continue partnering with entrepreneurs to help their businesses reach their full potential.”

Frederic Kerrest added: “Jon and the BXG team built a world-class growth equity investing business and, as an entrepreneur myself, I have a nuanced appreciation for Blackstone’s unique set of resources that can help fast-growing companies scale into global market leaders. I look forward to partnering with the BXG team and portfolio companies.”

At Okta, Mr. Kerrest focuses on creating stakeholder value by establishing and driving Okta’s corporate priorities, accelerating innovation across the company, working closely with customers, partners and prospects, and serving as a key liaison with the investor community. Prior to Okta, Frederic worked in sales and business development at Salesforce.com, and in venture capital at Hummer Winblad Venture Partners. He received a BS from Stanford University and an MBA from the MIT Sloan School of Management.

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 $684 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

Matt Anderson
(518) 248-7310
matthew.anderson@blackstone.com

Blackstone

NYSE:BX

Release Versions

Contacts

Matt Anderson
(518) 248-7310
matthew.anderson@blackstone.com

More News From Blackstone

Blackstone Prices $1.1 Billion Senior Notes Offering

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) priced its offering of $600 million of 5.650% senior notes due 2031 and $500 million of 5.900% senior notes due 2033 of Blackstone Reg Finance Co. L.L.C., its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone inten...

Blackstone Launches Senior Notes Offering

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced its intention to offer, subject to market and other conditions, senior notes of Blackstone Reg Finance Co. L.L.C., its indirect subsidiary. The notes are to be fully and unconditionally guaranteed by Blackstone Inc. and its indirect subsidiaries, Blackstone Holdings I L.P., Blackstone Holdings AI L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P. Blackstone intends to use the proceeds fr...

Blackstone Announces $8.7 Billion Final Close for Blackstone Energy Transition Partners V

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced the final close of Blackstone Energy Transition Partners V (“BETP V”) at $8.7 billion – more than 50% larger than its predecessor vehicle. The significantly oversubscribed fund reached its hard cap and builds on the strong performance of the strategy’s prior vintages. Blackstone Energy Transition Partners (“BETP”) seeks to build energy companies at scale that deliver cleaner, more reliable and more affordable energy to meet growin...
Back to Newsroom