Blackstone Hires Paul Morrissey to Lead European Investing for Blackstone Growth (BXG)
April 15 2021 - 7:30AM
Business Wire
Blackstone (NYSE: BX) today announced that it has hired Paul
Morrissey, a seasoned investment professional with extensive
private equity and venture capital experience, as a Managing
Director to lead investing across Europe for Blackstone Growth
(BXG).
This newly created role will see Mr. Morrissey manage the
European deployment for BXG, which recently completed the final
close of its oversubscribed, inaugural $4.5 billion growth equity
fund – the largest first-time growth equity private vehicle ever
raised. BXG has already made significant investments in
fast-growing European companies, including Epidemic Sound, which
delivers restriction-free music to internet content creators across
the globe, and oat milk pioneer, Oatly.
Jon Korngold, Global Head of Blackstone Growth, said: “I’m
delighted that Paul has joined us to lead BXG in Europe. Paul is a
world-class growth equity investor and his appointment underlines
Blackstone’s already-strong commitment to partnering with
fast-growing European companies to help them become global industry
leaders by providing them with access to a scale of resources not
typically available to this market.”
Paul Morrissey said: “I’m excited to join Blackstone and look
forward to working with the team to extend BXG’s leadership
position as a highly strategic partner to growth-stage companies.
Blackstone’s immense scale and operational expertise affords
entrepreneurs the ability to pursue transformational growth
opportunities that might not have been available to them in the
past.”
Mr. Morrissey most recently served as a partner at the
technology-focused investing firm, Battery Ventures, where he
established Battery’s London office and led many successful
investments in global growth businesses. Prior to Battery, Mr.
Morrissey spent time at Goldman Sachs, where he focused on advising
companies in the technology industry. He graduated from Stanford
University with a B.A. in Economics and was featured in Forbes “30
under 30” earlier in his career.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $619 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
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Felix Lettau Felix.Lettau@Blackstone.com +44 (0) 7587 020020
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