Blackstone Hires Stevi Petrelli as Head of Blackstone Innovations Investments | Deal

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NEW YORK – (BUSINESS WIRE) – July 27, 2021–

Blackstone (NYSE: BX) announced that Stevi Petrelli has joined the company as Head of Blackstone Innovations Investments (BXI Investments) where he will be responsible for overseeing the company’s internal investments in early stage companies of PropTech, Enterprise Tech , Cybersecurity and FinTech. She joined as CEO and, in this newly created role, will work across the businesses of Blackstones Technology & Innovations, Growth, Real Estate, Private Wealth Solutions and Finance to drive these investments, helping to accelerate innovation across the agency.

BXI Investments invests in early stage companies that are well positioned to benefit from a deeper relationship with Blackstone’s many businesses, portfolio companies and extensive global network. Previous investments include iCapital, Canoe, Coupa and Cylance, among 28 investments made to date.

John Stecher, Chief Technology Officer, commented: We are delighted to welcome Stevi to the Blackstone team. He has a deep experience in making strategic investments within larger organizations and unlocking the value that can be created by large-scale players like Blackstone collaborating with the ecosystem early on. I look forward to working with Stevi as we continue to grow our portfolio with companies offering world-class technology solutions.

Eric Liaw, Treasurer and Head of Business Development, added: We are thrilled that Stevi has joined the BXI Investments team and look forward to building on our past success in this space as we grow our efforts under her. guide. Stevis’s expertise and relationships will enable the company to partner with many other fast-growing companies in strategically important areas.

Stevi Petrelli shared: I am thrilled to join John, Eric and the wider Blackstone team. The company is uniquely positioned to partner with entrepreneurs throughout the life cycle of their business, starting with the early stages of growth. Younger companies can benefit enormously from accessing the scale and breadth of the Blackstones platform and are incredibly excited to help lead this powerful collaboration.

Ms. Petrelli joins Blackstone from Goldman Sachs, where she helped oversee the company’s core strategic investment portfolio and internal innovation incubation efforts as part of the signature-level strategy team. Ms. Petrelli has also worked on key strategic efforts with a number of Goldman companies and helped lead the company’s financial technology partnership efforts. Earlier in her career, she was Vice President at Point72 Ventures and a member of the Principal Strategic Investments team at Goldman Sachs. In both roles, Ms. Petrelli focused on sourcing and executing early-stage investment opportunities in the financial technology space. He holds a BA in Political Science from Yale University.

About Blackstone

Blackstone is the largest alternative asset manager in the world. 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 operate. We do this by using amazing people and flexible capital to help companies solve problems. Our $ 684 billion of assets under management include investment vehicles focused on private equity, real estate, public debt and equities, life sciences, equity growth, opportunistic credit, non-investment grade, real assets and secondary funds, all on a global basis. . More information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

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SOURCE: Blackstone

Copyright Business Wire 2021.

PUB: 27.07.2021 10: 00 / DISCO: 27.07.2021 10:02

http://www.businesswire.com/news/home/20210727005757/en

Copyright Business Wire 2021.

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