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: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...