Ex-General Joins Blackstone

Jun 21 2013 | 11:25am ET

The private-equity industry is looking positively martial these days.

Less than a month after Kohlberg Kravis Roberts brought former Central Intelligence Agency director and retired General David Petraeus on board as an adviser, the Blackstone Group has done the same with retired general and former presidential candidate Wesley Clark.

Clark will advise Blackstone on energy deals and has joined the board of one of its portfolio companies, Fisterra Energy.

"Helping countries overcome their energy challenges and develop energy security is critical to economic growth and sustainable development," Clark said.

Clark served as supreme allied commander of NATO before retiring from the Army. He unsuccessfully sought the Democratic nomination for president in 2004, and now runs his own consulting firm.


In Depth

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of