Blackstone launches new strategic partnership platform

Blackstone hired Scott Bommer as the chief investment officer of the Blackstone Horizon platform, a new initiative being launched by the $79 billion firm’s hedge fund solutions unit Blackstone Alternative Asset Management (BAAM).

Officials described Blackstone Horizon as a new investment business that targets strong absolute returns by investing in and forming strategic partnerships with high-performing investment managers. Bommer joins the firm after managing his own family office, where he focused on late-stage growth investing. At Blackstone, he is charged with working closely with BAAM senior management on asset allocation, risk management, stakes/seeding . . .

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