Mathew Cyriac and Amit Dixit To Co-Head Blackstone India Private Equity Operations

Akhil Gupta To Continue With Blackstone India As Non-Executive Chairman

Mumbai and New York, December 16, 2013: Blackstone (NYSE: BX) today announced that Amit Dixit and Mathew Cyriac will jointly lead Blackstone’s private equity business in India. They will take over this role from Akhil Gupta who will assume the position of non-executive Chairman of Blackstone India. In this role, Akhil will continue to help and guide Blackstone’s activities in India, working closely with the heads of its businesses.

Tony James, Blackstone’s President, said, “Blackstone is a force in Indian private equity thanks in large part to Akhil’s leadership.  We appreciate his tremendous contribution to the firm as the head of our business in India, and we look forward to his continued involvement as Chairman of Blackstone India.  Akhil has built a terrific team and we are confident that Amit and Mathew will continue driving our performance in Indian private equity.”

Akhil Gupta said, “We have built one of the strongest team of investing and operating professionals in India, who will carry the momentum forward. I am delighted that, in my new stewardship role, I will continue to work with outstanding professionals of Blackstone, to be part of their continuing success, and also afford the time and flexibility to pursue my wider and global interests including academics and philanthropy.”

In India, Blackstone has a team of 19 investment and portfolio operations professionals in Private Equity and 9 professionals in Real Estate. It has invested $1.7 billion of equity in 20 private equity transactions over the last eight years, to become one of the most active investors in the Indian market.

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end funds. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at Follow us on Twitter @Blackstone.

For further queries, please contact :

Peter Rose
[email protected]
Senior Managing Director, Public Affairs

345 Park Avenue, NY, NY 10154
212 583 5871

IPAN Hill+Knowlton Strategies

Vinod Moorthy – +919821046806

Devasis Chattopadhyay – +919967495221

Shreela Roy – +919820149119