Blackstone Grows Real Estate Team

New York, June 14, 2007: The Blackstone Group today announced the appointment of Michael Nash as a Senior Managing Director in the firm’s Real Estate Group. Mr. Nash’s principal role will be the development of new business initiatives within the real estate sector.

Mr. Nash was formerly with Merrill Lynch for ten years where he led the firm’s Real Estate Principal Investment Group – Americas. His activities there encompassed high yield debt opportunities (mezzanine, preferred and bridge equity) and equity investments in real estate assets and real estate operating companies. Before joining Merrill he was senior vice president at Barclays Bank where he specialized in the workout, restructuring and resolution of a portfolio of troubled real estate and C&I loans. Prior to Barclays he originated and structured real estate loans for the Bank of Nova Scotia.

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 services.