By Nick Hedley
New
York-listed alternative investment manager Blackstone has appointed Mark
Glengarry as Head of Asia-Pacific Origination at its credit unit, BXC.
Glengarry
joins Blackstone from Anchorage Capital Group, where he was a managing
director in the London and Sydney offices. Based in Sydney, he managed private
investments across the credit, special situations, and illiquid areas, with a
focus on Europe and the Asia-Pacific region.
He
was previously at Morgan Stanley’s investment banking division and has worked
at White & Case as a partner in the banking and finance practice.
“Private
credit has become a larger part of the credit markets in the U.S. and Europe,
and we believe the same trend will play out in Asia in the near term,” Dwight
Scott, Global Head of BXC, said in a statement.
“We
see tremendous opportunity across the region for creative solutions that help
companies grow and navigate the increasingly complex market environment.”
Paulo Eapen, Head of Blackstone Credit’s European business, recently took on
the additional responsibility of leading BXC in the Asia-Pacific region.
“This
is an opportune time to establish our Asia presence at an exciting period of
fast growth for our Blackstone Credit business globally,” Eapen said. “We’ll
look to replicate the success of our North American and European platforms in
the region, which is seeing a rising demand for private capital overall.”
Blackstone
Credit has $230 billion in assets under management. In 2021, it participated in
19 direct lending deals worth more than $1 billion, including investments in
Auctane (formerly Stamps.com) and Inovalon, where BXC supported one of the
largest healthcare software take-private deals in history.