Blackstone Credit Expands Presence in Asia to Support Growing Demand for Private Credit Financing
Singapore, May 30, 2022 – Blackstone (NYSE: BX) today announced the appointment of Mark Glengarry as Head of Asia Pacific Origination, Blackstone Credit. Mark joins the Blackstone Credit (BXC) team, adding to the large existing Blackstone platform in Asia Pacific. The BXC APAC team will be led by Paulo Eapen, Head of Blackstone Credit’s European business who recently took on the additional responsibility to lead BXC in the region. Mark will be based in Sydney.
Dwight Scott, Global Head of BXC, said: “We continue to expand the BXC business in Asia, following in the footsteps of the broad Blackstone business. Private credit has become a larger part of the credit markets in the US and Europe, and we believe the same trend will play out in Asia in the near term. We see tremendous opportunity across the region for creative solutions that help companies grow and navigate the increasingly complex market environment.”
Paulo Eapen, Head of Europe and APAC, BXC, said: “This is an opportune time to establish our Asia presence at an exciting period of fast growth for our Blackstone Credit business globally. We’ll look to replicate the success of our North American and European platforms in the region, which is seeing a rising demand for private capital overall.”
Mark Glengarry, Head of Asia Pacific Origination, BXC, said: “BXC is an integral part of Blackstone’s global business, backed by the firm’s incredible scale, intellectual capital and resources. I am honored to join the Blackstone team and continue the legacy of the brand in Asia, building relationships with companies across the public and private sectors.”
Mark joins Blackstone from Anchorage Capital Group LLC, where he was a managing director in the London and Sydney offices, helping manage private investments across the credit, special situations, and illiquid areas, in Europe and Asia Pacific. He was also previously with Morgan Stanley in the investment banking division and White & Case as a partner in the Banking and Finance practice.
BXC has achieved several milestones in recent years. In 2021, BXC participated in 19 direct lending deals over $1 billion, including investments in Auctane (formerly Stamps.com), one of the largest new direct loans ever carried out in private markets, and Inovalon, where BXC supported one of the largest healthcare software take-private deals in history.
About Blackstone Credit
Blackstone Credit is one of the world’s largest credit-focused asset managers, with $230 billion in AUM. We seek to generate attractive risk-adjusted returns for our clients by investing across the entire corporate credit market, from public debt to private loans. Our capital supports a wide range of companies across sectors and geographies, enabling businesses to expand, invest, and navigate changing market environments.
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