Blackstone Boosts Asia Presence With New Fundraising Chief

Jun 30 2009 | 2:13am ET

The Blackstone Group’s expansion in Asia is continuing apace with the hire of a Deutsche Bank executive to lead capital-raising in the region.

Philip Levinson joins the private equity giant from RREEF, the real estate, infrastructure and p.e. division of Deutsche Asset Management. In addition to raising money, in his new post, Levinson will also manage client relationships and help develop new products in the region.

It is not clear where Levinson will be based, Reuters reports.

Levinson’s hire comes on the heels of several recent moves by Blackstone in China. The firm is reportedly in talks with Shanghai officials about opening a subsidiary there, and the country’s sovereign wealth is mulling a $500 million investment with the firm’s hedge fund unit.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…