• Home
  • About Us
  • Contact
  • Subscribe
  • Your Account
  • Login
No Result
View All Result
Sunday, October 1, 2023
Alternatives Watch
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe
No Result
View All Result
Alternatives Watch
No Result
View All Result

Blackstone launches structured finance business

Susan BarretobySusan Barreto
November 4, 2021
in Manager News, Private Credit
ShareTweetShareSendSend

Blackstone formed its Structured Finance Group, bringing together Blackstone Real Estate Debt Strategies (BREDS) and the firm’s various asset-backed finance activities.

The new global head of the group is Jonathan Pollack, currently the global head of BREDS. Timothy Johnson who heads up origination for BREDS becomes global head of BREDS, overseeing all commercial and residential lending activities.

Jonathan Pollack (provided)

The combined group, which also includes Rob Camacho and Mike Wiebolt, is expected to further scale in the $731 billion Blackstone’s lending capabilities across asset-backed finance markets, which includes consumer finance, real estate, transportation, trade receivables, fund finance and digital infrastructure.

“This team will capitalize on information across asset classes to deliver unique financing solutions to our clients,” said Jon Gray, president and COO at Blackstone. “The time to expand this part of our business has never been better, particularly as we deploy increasing amounts of insurance capital.”

Private credit/insurance solutions saw the greatest inflows in the third quarter, with nearly $20 billion in fresh capital. BCRED raises $3.5 billion of equity capital during the quarter as a continuously offered non-trade BDC. BCRED also had Oct. 1 subscriptions of $1.1 billion not included in this figure. Blackstone’s latest mezzanine/opportunistic strategy had $1 billion of new capital in the quarter. Blackstone also closed three CLOs for $1.6 billion.

“We believe that direct origination of structured credit investments is integral to delivering differentiated performance for our clients,” said Pollack. “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.”  

Pollack joined Blackstone in 2015 and has been responsible for overseeing the firm’s real estate debt investment strategy. He is also a member of the firm’s real estate investment committee and serves on the board of Blackstone Mortgage Trust.

Prior to joining Blackstone, Pollack was a managing director and global head of Commercial Real Estate, as well as head of risk for Structured Finance, at Deutsche Bank. He joined Deutsche Bank in 1999 from Nomura Group.

Read more about: BlackstoneNomuraStructured Credit
ShareTweetShareSendSend
Previous Post

Institutional investors power Eagle Point fund to $300m close

Next Post

SeaFort launches Canadian growth buyout fund

Related Posts

People moves in the alternative investments industry
Investor News

People moves for the week ending Sept. 29

StanCERA adds alts funds
Investor News

StanCERA adds alts funds

Ventura County boosts credit, real assets
Pensions

Ventura County boosts credit, real assets

BlackRock: Global insurers are boosting private market exposures
Investor News

BlackRock: Global insurers are boosting private market exposures

GIP participates in $450m loan to hyperscale data center provider
Private Credit

GIP participates in $450m loan to hyperscale data center provider

Next Post
SeaFort launches Canadian growth buyout fund

SeaFort launches Canadian growth buyout fund

Log In/Out

Lost your password?

Search the AW Archives

No Result
View All Result

Recent News

People moves in the alternative investments industry

People moves for the week ending Sept. 29

Iowa adds seven absolute return strategies

Iowa adds seven absolute return strategies

StanCERA adds alts funds

StanCERA adds alts funds

Ardian to partner for carbon sequestration investment

Ardian to partner for carbon sequestration investment

Be an Alts Insider

Sign up for your FREE daily alts news briefing

Subscribe

Subscribe to AW
Alternatives Watch

© 2019-2022, All Rights Reserved  |  BMV Digital

Navigate Site

  • Investor News
  • Private Equity
  • Private Credit
  • Hedge Funds
  • Real Estate/Infrastructure
  • Subscribe
  • Your Membership
  • Terms of Service
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Hedge Funds
    • Manager News
    • Mandates
    • Service Provider News
  • Private Equity
    • Manager News
    • Mandates
    • Service Provider News
  • Private Credit
    • Manager News
    • Mandates
    • Service Provider News
  • RE/Infrastructure
    • Manager News
    • Mandates
    • Service Provider News
  • Investor News
    • Endowments and Foundations
    • ESG
    • Pensions
    • Platforms
    • Consultants
  • Research
    • Investor Scorecard
    • Manager Scorecard
  • Subscribe

© 2019-2022, All Rights Reserved  |  BMV Digital

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Be an alts insider

Start your days in the know with our free newsletter

No, thanks

Thank

You!

Follow us
on LinkedIn

Lost your password?

This Website Uses Cookies
We use cookies on our website to provide necessary functions. By clicking “Accept”, you consent to the use of all strictly necessary cookies.
Do not sell my personal information.
Cookie Settings Accept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Save & Accept
Powered by CookieYes Logo