Blackstone Senior Managing Director Sachin Bavishi will relocate to San Francisco to lead a new team that will make up the $941 billion firm’s private equity West Coast presence.
Bavishi had been in New York having joined Blackstone’s Private Equity team in 2013, focusing on Technology, Media & Telecom (TMT). He has held a key role in executing several investments including Ancestry, Bumble, Liftoff/Vungle, Refinitiv and Simpli.fi.
“We have a long history of backing some of the world’s most innovative technology companies,” said Martin Brand, head of North America Private Equity and Global Co-Head of Technology Investing, in a statement. “Establishing a dedicated West Coast presence for our Private Equity business will help us to further enhance our offering for the management teams and companies we partner with.”
Blackstone currently has more than 70 employees based in San Francisco across its business units, including through its Growth, Tactical Opportunities, Credit, Strategic Partners, Life Sciences, and BAAM investing platforms, among others.
Bavishi will lead technology investments for Blackstone Private Equity out of the West Coast and Senior Managing Director Eli Nagler will lead that business’ technology investments out of the East Coast in partnership with recently hired Senior Managing Director David Schwartz.