Blackstone Adds to Private Equity Team Expertise
New York, April 19, 2007: The Blackstone Group today announced that Susan Balloch has joined the firm’s private equity group as an Executive Director. Susan’s role encompasses overall management and administrative aspects of the group’s activities.
Ms. Balloch was formerly with Welsh, Carson, Anderson & Stowe in their Investor Relations group. Before that she was Managing Director and Chief Administrative Officer for Global Investment Banking and Private Equity at Credit Suisse. Prior to the acquisition by Credit Suisse, Ms Balloch was a Managing Director at Donaldson, Lufkin & Jenrette. She was also an Adjunct Professor and Executive-in Residence at Columbia Business School.
Tony James, President of The Blackstone Group, stated, “We are excited to have Susan undertake this role. Her integral involvement in such a wide variety of investment banking and business management functions over the past twenty years gives her a deep understanding of effective management for such a group.”
Susan received her BS at Georgetown University and MBA at The Wharton School of the University of Pennsylvania.
About The Blackstone Group
The Blackstone Group is a leading global alternative asset manager and provider of financial advisory services. Its alternative asset management businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt funds, proprietary hedge funds and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service. Further information is available at http://www.blackstone.com