Blackstone Growth (BXG)

Growth Equity Reimagined®: Through revenue acceleration opportunities, operational support and access to Blackstone’s unparalleled resources, we’re redefining growth equity.

Translucent Tiles
Annual Portfolio Revenue


SF of Warehouse Logistics Assets[1]


Global Offices


Data Scientists and Engineers


Operating Professionals[1]


Employees Covered by Group
Purchasing Program[1]


Note: All numbers are as of December 31, 2023 unless otherwise indicated. Operating professionals include Blackstone employees and senior advisors.

1. As of September 31, 2022.

What we do

We invest in the companies shaping the future, helping emerging leaders become global champions through the power of the Blackstone platform.

Building Exterior with Balconies

Leveraging our world-class platform…

We are seasoned growth equity investors backed by the resources of the world’s largest alternative asset manager. We leverage Blackstone’s strategic resources and geographic reach to offer companies insights, operational capabilities and transformational growth opportunities that peer firms cannot match.

To help companies scale efficiently

We equip our companies with the tools and know-how to expand rapidly while minimizing operational strains. Blackstone’s 100+ senior operating professionals and advisors, including leading technology executives, help our companies develop pattern recognition, pursue new growth opportunities and expand their global footprints.

And become global champions.

We have decades of experience building world-class companies and helping them reach the “end state” in terms of operational excellence. We can anticipate the unique operational pressures that growth-stage companies face and draw upon our global base of resources to address them.

How BXG Adds Value

We don’t just identify market leaders – we help build them.

Leveraging experience drawn from decades of building businesses, we offer targeted support at the most critical moments in a company’s development. Our large team of operating partners and highly curated portfolio allow us to be a better partner to high-growth companies navigating execution risk.

Blackstone’s scale creates unique opportunities for revenue acceleration. Access to our network of portfolio companies helps entrepreneurs grow their customer base and make connections across a range of industries and geographies. An in-house team of data scientists helps our companies’ management teams optimize revenue and product development opportunities. In addition, our global footprint can support our companies’ expansion across the world’s major economies.

Spotlight: Enabling Growth at ISN, A Leading Contractor Management Software Provider

As ISN’s first outside investor, we saw the opportunity to use our network and wide-ranging expertise to help bring ISN’s world-class platform and customer service to more clients – enabling them to more effectively manage risk, train and develop their workforce, and track progress towards their ESG goals.

BXG is able to help support ISN’s revenue acceleration through several channels:

Facilitating 70+ client introductions within the portfolio and across our network.

Leveraging our data science team to improve their product and pricing strategy.

Supporting expansion of their customer base into new verticals, such as construction and consumer goods.

We build world-class enterprises by providing companies with the resources and expertise they need to scale in smart, efficient ways. Our experienced operations team helps companies optimize their spending, processes, and long-term strategy, while our capital markets professionals offer essential guidance on everything from IPOs and debt financing to M&A.

Spotlight: Redefining the Music Industry With Epidemic Sound, A Royalty-Free Music Library for Creators

We invested in Epidemic Sound after recognizing its potential to help redefine the music industry globally by paving a new way forward in music sharing. As the explosion in digital content continues, we’re excited to back Epidemic’s mission to soundtrack the internet for a new generation of content creators.

Blackstone is helping Epidemic Sound by:

Working with Co-Founder and CEO, Oscar Höglund, to help build out his management team and a diverse board.
Supporting the company in the sourcing, evaluation and execution of new strategic opportunities.

Optimizing pricing and packaging to help create products that appeal to different customer segments.

Leveraging relationships across our networks to help Epidemic Sound build partnerships with key social platforms and reach a wider audience of content creators.

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Blackstone’s network provides us with exceptional access to experienced executives across industries, making it easier for portfolio companies to build effective boards and operational teams. In addition, our leadership and talent development experts help companies optimize their organizational design to accommodate accelerated growth.

Spotlight: Building Bumble’s Leadership Team

When we partnered with Bumble, we prioritized building a best-in-class leadership team that could strengthen the company’s leading position in the fast-growing digital connections space. In 2021, Bumble held an IPO that valued the company at over $9B.

Recognizing her strong vision for the company, founder Whitney Wolfe Herd was named CEO of Bumble’s parent firm upon our acquisition. She has since become the youngest female entrepreneur to ever take a company public.

Bumble has been able to tap into Blackstone’s global network of experts, building a management team and board comprised of current and former executives from leading media and technology companies.

Bumble’s board and management team are both majority-female, reflecting Bumble and BXG’s commitment to building inclusive workplaces.

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Our team brings together deep sectoral and industry expertise, drawn from years of experience at the world’s leading growth equity firms.

Jon Korngold

Senior Managing Director and Head of Blackstone Growth

Jon Korngold

Senior Managing Director and Head of Blackstone Growth

Jon Korngold is the Global Co-Head of Technology Investing and Head of Blackstone Growth (BXG), which is focused on providing capital to companies seeking to manage the execution risks associated with high-growth environments. Jon is a member of both the BXG and Tactical Opportunities Investment Committees.

Prior to joining Blackstone in 2019, Jon was a member of General Atlantic’s Management and Investment Committees, Chairman of the firm’s Portfolio Committee, and led the firm’s Global Financial Services and Healthcare sectors. Jon also previously worked at Goldman Sachs in the Principal Investment Area and in the Mergers & Acquisitions groups in London and New York, respectively. Jon has spent extensive time in China, where he studied Mandarin Chinese at Peking University and did pro bono work for the U.S. Embassy’s Foreign Commercial Service in Beijing.

Jon is active with Harvard University, where he is a member of the Harvard College Fund’s Executive Committee and where he Co-Chairs fundraising for his College class. In addition, he is a member of The Council on Foreign Relations, has been an Adjunct Professor at Columbia Business School, a member of the Rockefeller University Council, a member of the New York Weill Cornell Council, a member of the Young Presidents Organization (YPO), a Young Global Leader of the World Economic Forum, a Commissioned Kentucky Colonel, and a member of the American Museum of Natural History’s Advisory Council. Jon has also served as a Trustee of the Cleveland Clinic, of The Dalton School, of The Central Park Conservancy and of the 92nd Street Y, among other institutions.

Jon has also been recognized for his efforts in the financial services sector, including having been ranked #1 in Institutional Investor’s list of global Financial Technology dealmakers on multiple occasions.

He received an AB in Economics from Harvard College, graduating with Honors, and earned his MBA from Harvard Business School.

Ann Chung

Senior Managing Director

Ann Chung

Senior Managing Director

Ann Chung is a Senior Managing Director and Global Head of Consumer for Blackstone Growth based in New York. Since joining Blackstone in 2020, Ms. Chung has led investments in Oatly, Spanx, Supergoop, and Weee.

Prior to joining Blackstone, Ms. Chung held roles at Fremont Private Holdings, the direct investing arm of the Bechtel family office, and J.H. Whitney Capital Partners where she led all consumer and consumer-impacted investments. Ms. Chung has also held positions with Swander Pace Capital, L Catterton, and Wachovia Securities and served on the boards of Alphia, Accupac, and Merrick Pet Care.

Ms. Chung currently serves on the Board of Directors of Oatly, Spanx and Supergoop. She received her MBA from the Wharton School at the University of Pennsylvania and her BS from the McIntire School of Commerce at the University of Virginia.

Ram Jagannath

Senior Managing Director

Ram Jagannath

Senior Managing Director

Ram Jagannath is the Global Head of Healthcare, responsible for investing across Blackstone’s Private Equity, Tactical Opportunities and Growth businesses, based in New York. He is a member of the Blackstone Growth Investment Committee. Since joining Blackstone in 2019, Mr. Jagannath has led Blackstone’s investments in HealthEdge, Burgess Group, Bright Health, Cryoport (NASDAQ: CYRX), ZO Skin Health, Altruista Health, Ginger and Hydrogen Health, and was involved in Blackstone’s investments in Alnylam/inclisiran royalty (NASDAQ: ALNY) and Precision Medicine Group.

Before joining Blackstone, Mr. Jagannath was a founding Partner of Navab Capital Partners (NCP), where he was Head of Healthcare and a member of NCP’s Management and Investment Committees. Prior to NCP, he was a Managing Director of The Carlyle Group, focused on healthcare investments in Carlyle’s flagship US Buyout private equity fund. During his twelve years at Carlyle, Mr. Jagannath was a member of the teams which invested in One Medical Group (NASDAQ: ONEM), Pharmaceutical Product Development (NASDAQ: PPD), X-Chem (GHO Capital), Ortho Clinical Diagnostics (NASDAQ: OCDX), Healthscope Ltd. (ASX: HSO), and HCR ManorCare (NYSE: HCP/ProMedica). Previously, he worked at Genstar Capital and Thomas Weisel Capital Partners.

Mr. Jagannath currently serves on the Board of Directors of HealthEdge, Cryoport, ZO Skin Health, Ginger and Hydrogen Health. He also serves on the Board of Visitors of the Duke University Pratt School of Engineering and on the Kellogg School of Management Private Equity Advisory Council, as well as on the Board of Directors of Centering Healthcare Institute. Mr. Jagannath was previously a term member of the Council on Foreign Relations.

Mr. Jagannath received a B.S.E. in Biomedical and Electrical Engineering with a minor in Economics from Duke University, a J.D. from the Northwestern University Pritzker School of Law, and an M.B.A. from the Northwestern University Kellogg School of Management. After Duke, he was a Fulbright Scholar in Economic Development at the University of Zagreb in Croatia.

Vincent Letteri

Senior Managing Director

Vincent Letteri

Senior Managing Director

Vincent E. Letteri is a Senior Managing Director in Blackstone’s Growth Equity Business, which is focused on providing capital to companies seeking to manage the execution risks associated with high growth environments. Mr. Letteri is focused on Blackstone’s Growth efforts in the San Francisco office and is Chairman of the Blackstone Growth Portfolio Management Committee. He is also a Member of the Blackstone Growth Investment Committee, and the Head of Financial Services for Blackstone Growth.

Prior to joining Blackstone in 2020, Mr. Letteri spent thirteen years at KKR and he was a founding member of their Next Generation Technology (NGT) Fund, where he played a lead investment role. Before that, Mr. Letteri was part of KKR Capstone where he worked across a number of KKR portfolio companies. Mr. Letteri spent several years in Hong Kong assisting in the development of KKR Capstone’s Asia operations.  He also led KKR’s ESG -focused Green Portfolio Program for the region.

Before joining KKR, Mr. Letteri worked as a Business Development Manager for Nike helping to lead and grow Nike’s online business. He also worked for McKinsey & Company in Boston where he focused on private equity, technology, and consumer goods companies.

Mr. Letteri holds a BA with Honors in Economics from Harvard College where he received the John Harvard, Harvard Club and Harvard College scholarships for outstanding academic achievement. He holds an MBA from Stanford University’s Graduate School of Business.

Mr. Letteri is a Board Member at ISN Software, Epidemic Sound, and the Blackstone Charitable Foundation, and a National Board Member of Citizen Schools.

Paul Morrissey

Senior Managing Director

Paul Morrissey

Senior Managing Director

Paul Morrissey is a Senior Managing Director in Blackstone Growth. Paul is based in London and leads Blackstone Growth in Europe.

Prior to joining Blackstone in 2021, Paul was a partner at Battery Ventures, focusing on later-stage growth equity investments. From 2012 to 2016, Paul was based in Battery’s San Francisco office before moving to London in 2016 to open Battery’s presence in Europe. At Battery Ventures, Paul was involved in Battery portfolio companies including Guardsquare, InCloudCounsel, PageUp, PrimeRevenue, Quinyx, Shippeo, Intacct (acquired by Sage), WebPT (acquired by Warburg Pincus), Gainsight (acquired by Vista Equity Partners) and Nitro (ASX:NTO). Prior to Battery, Paul spent time with Goldman Sachs’ investment-banking division focusing on the technology, media and telecom sectors.

Paul graduated from Stanford University, where he earned a BS in economics and played four years on the varsity men’s tennis team.

Yifat Oron

Senior Managing Director

Yifat Oron

Senior Managing Director

Yifat Oron is a Senior Managing Director and head of the firm’s office in Tel Aviv, Israel. She leads Blackstone’s growth and tech investments in Israel for Blackstone Growth (BXG) and assists with other investing efforts across the firm. Prior to joining Blackstone, Yifat Oron was the CEO of LeumiTech, a leading Israeli technology banking platform, servicing and financing several thousand technology companies and supporting their global expansion via LeumiTech’s global footprint. She spent most of her career as a Partner at Vertex Venture Capital (an Israel-based venture fund), where she invested in and served as a board member of companies across the tech ecosystem.

Before joining Vertex, Ms. Oron was a technology investment banking associate at JPMorgan Chase & Co. in New York. Previously, she spent three years at the Directorate of R&D of the Israeli Ministry of Defense where she achieved the rank of Lieutenant in the Economics, Budget & Control Department.

Ms. Oron holds an M.B.A. from Tel-Aviv University and a B.Sc. in Economics and Management from the Technion, also known as the Israel Institute of Technology.

Vishal Amin

Managing Director

Vishal Amin

Managing Director

Vishal Amin is a Managing Director in Blackstone Growth and co-heads investments across Enterprise Software and Consumer Technology. Since joining Blackstone, Vishal has been involved in the execution of the firm’s investments into Bumble (NasdaqGS: BMBL) where he has served as a director, Snowflake (NYSE:SNOW), Epidemic Sound, GeoComply, Weee, Episerver, and Wiz. Prior to joining Blackstone in 2018 to help launch BXG, he was a Partner at Andreessen Horowitz, where he led growth investing and capital execution across software, internet, financial technology, and healthcare. During his time at the firm he worked on later stage new and follow-on investments such as Accolade (NasdaqGS:ACCD), Opendoor (NasdaqGS:OPEN), Affirm (NasdaqGS:AFRM), Databricks, Transferwise, Samsara, HealthIQ, Yubico and Cross River Bank. Before joining Andreessen Horowitz, Vishal was at TCV where he spent time focusing on software, healthcare technology and business services. Before this role, he spent several years within the investment banking group at Allen Company.

Vishal is a graduate of Duke University and currently serves on the board of Experience Camps.

Brian Dunlap

Managing Director

Brian Dunlap

Managing Director

Brian Dunlap is a Managing Director and focuses on Software & Enterprise Technology at Blackstone Growth. Mr. Dunlap is based in San Francisco.

Prior to joining Blackstone in 2019, Mr. Dunlap was a member of TPG’s Software & Enterprise Technology investment team spanning both TPG Growth and TPG Capital, leading minority growth and buyout investments in horizontal and vertical market software, EdTech, FinTech, HCIT and Cybersecurity. Additionally, Mr. Dunlap served as Head of Technology for TPG RISE, which was co-founded alongside Bono and Jeff Skoll.

Prior to TPG, Mr. Dunlap worked at JMI Equity, a software specialist investment firm, where he focused exclusively on investments in SaaS and cybersecurity. Prior to JMI, Mr. Dunlap worked at General Atlantic in New York, focusing on growth equity investments in enterprise software, consumer internet, and financial technology.  Half Peruvian and fluent in Portuguese, Mr. Dunlap moved from New York to São Paulo in 2010 as an early member of GA’s Latin America investment team, and executed technology investments in Brazil, Colombia, Argentina, and Peru. Prior to General Atlantic, Mr. Dunlap worked in M&A at Morgan Stanley in New York.

Mr. Dunlap received a B.A. in Public Policy from Stanford University, an M.A. in International Policy Studies from the Freeman Spogli Institute at Stanford, and an M.B.A. from the Stanford Graduate School of Business. Mr. Dunlap serves on the Impact Investing Advisory Board for Echoing Green, a leading non-profit providing seed funding to social enterprises worldwide.

Moez Gharbi

Managing Director

Moez Gharbi

Managing Director

Moez Gharbi is a Managing Director for Blackstone Growth (BXG) based in London. Mr. Gharbi focuses on investing in growth companies across Europe, with a particular focus on the financial technology and consumer sectors. Since joining BXG in 2020, he has been involved in several transactions, including Oatly, Epidemic Sound, Mollie, Relex and Celonis.

Mr. Gharbi joined Blackstone in 2012 and was a member of the Private Equity team prior to moving to BXG. Within the Private Equity group, Mr. Gharbi was focused on buyout transactions in Europe and was involved in multiple Private Equity portfolio companies including Stow, Scout24, Tangerine and ICS.

Mr. Gharbi earned master’s degrees in Management Studies from both HEC Paris and the MIT Sloan School of Management.

Mike Kirkman

Managing Director

Mike Kirkman

Managing Director

Mike Kirkman is a Managing Director in Blackstone Growth where he is focused on investments in the Healthcare sector. Mr. Kirkman is based in San Francisco.

Before joining Blackstone, Mr. Kirkman was a Director at GI Partners where he helped lead investment activity in the healthcare and software sectors. During his time at GI, he invested in and served on the boards of such companies as Netsmart, Generate Life Sciences, Clinical Ink, and MRI Software. Prior to GI, Mr. Kirkman was with JLL Partners in New York where he focused on private equity investments in the North American healthcare and building products industries. He began his career in investment banking at Houlihan Lokey and JPMorgan. Mr. Kirkman currently serves on the board of the San Francisco Private Equity Network.

Mr. Kirkman holds a BS from the McIntire School of Commerce at the University of Virginia and an MBA from the Wharton School of the University of Pennsylvania.

Ramzi Ramsey

Managing Director

Ramzi Ramsey

Managing Director

Ramzi Ramsey is a Managing Director at Blackstone Growth, focusing on investing in the enterprise software and financial technology sectors. Since joining Blackstone in 2021, Ramzi has led Blackstone’s investments in Cloudinary, Dynamo, and Hotel Engine.

Prior to Blackstone, Ramzi was a Partner at SoftBank’s Vision Fund and led investing activity in the enterprise software sector. Prior to SoftBank, Ramzi was an investor at TCV (Technology Crossover Ventures) and began his investing career at TA Associates. Ramzi has been a board member or investor in companies including Attentive Mobile, Automation Anywhere, Avvo, Cloudinary, Dynamo, Financial Software Systems, Hotel Engine, Ion Trading, Nerdy (NYSE: NRDY), OneTrust, Qualtrics (NASDAQ: XM), Rover (NASDAQ: ROVR), SeatGeek, Wall Street Systems, and Zillow (NASDAQ: Z). From 2019 through 2021, Ramzi was recognized as a Top 40 under 40 growth equity investor by GrowthCap.

Ramzi received his B.S. from Carnegie Mellon University with university and college honors and completed his MBA from Harvard Business School.

Katie Storer

Managing Director

Katie Storer

Managing Director

Katie Storer is a Managing Director in Blackstone Growth based in New York. Since joining Blackstone in 2020, she has been involved with investments in Spanx and Supergoop!.

Before joining Blackstone, Ms. Storer worked at The Carlyle Group focused on Consumer & Retail investments as part of the U.S. Buyout Fund. Previously, Ms. Storer also held roles at Wellspring Capital Management and Deutsche Bank.

Ms. Storer received her MBA from Harvard Business School and her B.S. in business administration from Washington & Lee University.
Sara Blakely
Whitney Wolfe Herd
Anne Sainsbury

“After meeting with the team at Blackstone, I knew they were the right partners to grow our business and scale our purpose.”

Sara Blakely

Founder and Executive Chairwoman, SPANX

“Partnering with Blackstone is the best decision I’ve made in my career.”

Whitney Wolfe Herd

Founder and CEO, Bumble

“BXG’s backing motivates us towards new thinking more than our company ever has.”

Anna Sainsbury

CEO and Co-Founder, GeoComply


We focus on companies with proven business models across five sectors.

We aim to partner with companies whose ambition and market opportunity have outgrown traditional growth equity firms but have not yet outgrown Blackstone.


Partnering with the consumer “brands of tomorrow.”

Enterprise Software

Supporting category-defining and durable franchise software and services.

Financial Services

Backing companies reshaping the financial system.


Investing in healthcare businesses that aim to reduce costs and improve outcomes.

Consumer Technology

Building global leaders in consumer-facing technology.

John Korngold

“Unlike traditional growth equity firms, BXG can draw upon Blackstone’s 35+ years of experience helping world-class companies navigate the “end state.” We can apply those lessons, along with our differentiated resources, to help transform growth-stage companies into global leaders.”

Jon Korngold

Global Head of Blackstone Growth


BXG invests in promising growth-stage companies and advises on select investments across the firm.


Updates from BXG

Behind the Build: SPANX

Cricket Whitton, CEO of SPANX, shares with Blackstone’s Ann Chung what’s next for the category-creating company and what made Blackstone “the ultimate brand advocate.”

Securing Online Transactions with GeoComply

GeoComply operates at the center of a new generation of technology companies, leveraging advanced geolocation data to make better risk-based decisions and instill confidence in every online interaction. Hear from GeoComply’s CEO, Anna Sainsbury, on the company’s decision to partner with Blackstone.

Wall Street Journal Interview with Jon Korngold

Global Head of Blackstone Growth Jon Korngold spoke to WSJ Pro Private Equity about the continued digitization of the global economy, navigating rising valuations in tech, and how inflation and the ongoing pandemic may affect investors in the year ahead.