-

Blackstone Credit Announces Appointment of Viral Patel as Global Head of Technology Investing

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced that Viral Patel has been appointed Global Head of Technology Investing for Blackstone Credit. Mr. Patel, who was previously an investment professional in the firm’s Tactical Opportunities Group, will be responsible for identifying investment opportunities across the technology sector and providing entrepreneurs, companies and financial sponsors with the diverse range of flexible solutions offered by Blackstone Credit. Blackstone Credit is the fastest growing segment of the firm driven by strong demand for private credit products from institutional, insurance and individual investors.

Commenting on the appointment, Dwight Scott, Global Head of Blackstone Credit said, “Viral is a world-class technology investor and will play a key leadership role on our team as we increasingly seek to support technology companies and their sponsors through private credit. We are at the leading edge of the market as we demonstrate the value of private credit, especially at scale.”

Viral Patel added: “I am excited to join Dwight and the entire Blackstone Credit team as we build on Blackstone’s strong firmwide relationships and track record in the fast-growing technology sector. I see significant opportunity to invest across the life-cycle of technology companies and look forward to growing our participation in this market.”

Mr. Patel has worked at Blackstone for nearly two decades and played a key role in the success of Blackstone’s Tactical Opportunities (launched in 2012) and Growth (launched in 2019) investment groups. He has been involved in many of Blackstone’s technology investments ranging from early-stage companies such as Cloudreach, Cylance and Sema4 to late-stage businesses such as Blue Yonder, FireEye and Diligent. Mr. Patel graduated from Cornell University with a BS in Operations Research and Industrial Engineering.

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

Kate Holderness
Kate.holderness@blackstone.com
646-482-8774

Blackstone

NYSE:BX

Release Versions

Contacts

Kate Holderness
Kate.holderness@blackstone.com
646-482-8774

More News From Blackstone

Blackstone Digital Infrastructure Trust Announces Public Filing of Registration Statement with the SEC

NEW YORK--(BUSINESS WIRE)--Blackstone Digital Infrastructure Trust Inc., a newly organized company focused on acquiring and owning stabilized, newly-constructed data centers, announced today that it has publicly filed a registration statement on Form S-11 with the Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of its common stock. The offering is subject to market and other conditions, including effectiveness of such registration statement, and the...

Blackstone Closes Flagship Opportunistic Credit Fund at Over $10B, Hitting Hard Cap

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced the final close of Blackstone Capital Opportunities Fund V (“COF V”), with over $10 billion of investable capital. The fund was oversubscribed and closed at its hard cap. This fundraise builds on Blackstone Credit & Insurance’s (“BXCI”) 20-year track record investing through market cycles. Blackstone’s opportunistic credit strategy has generated a 13% net IRR since inception in 2007. Blackstone manages $520 billion of total as...

Blackstone Announces Top-Ranked Professional Golfer, Tommy Fleetwood, as Global Brand Ambassador

NEW YORK--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced a new partnership with Tommy Fleetwood, world number four professional golfer. Tommy will serve as Blackstone’s first ever global brand ambassador, supporting the company’s multi-decade effort to bring its exceptional performance to private wealth investors. “Tommy Fleetwood exemplifies the qualities that define our firm and resonate with our clients—disciplined performance, fierce determination, and high ethical standards. That m...
Back to Newsroom