NEW YORK--(BUSINESS WIRE)--
Blackstone (BX) announced today that Vik Sawhney, Chief Operating Officer of Blackstone’s private equity business, will become the firm’s first Chief Administrative Officer and Global Head of Investor Relations and Business Development (IRBD), effective January 1, 2020.
As CAO, Mr. Sawhney will report to Blackstone President and COO, Jon Gray, to assist in day-to-day operations of the firm. He will partner with Blackstone’s business groups, regional offices and support teams on key strategic initiatives and the further integration of the firm as well as continue to oversee the firm’s Capital Markets business. As Global Head of IRBD, he will help to oversee the firm’s Limited Partner relationships.
Jon Gray, President and COO of Blackstone, said: “I am thrilled to have Vik stepping into this new role. He has earned the strong trust of our Limited Partners and is widely respected throughout Blackstone for the strength of his relationships as well as his judgment and integrity. In this new role, he’ll help us continue to deepen the integration of our firm across business lines and continually do more for our investors.”
Mr. Sawhney joined Blackstone in 2007 and currently serves as COO of Blackstone’s private equity business, where he oversees LP relationships, fundraising, and other day-to-day management responsibilities for the group.
Robert Ramsauer, a Senior Managing Director in Blackstone’s private equity group in London, will move to New York and succeed Mr. Sawhney as COO of Blackstone Private Equity. Since joining Blackstone in 2004, Robert has been a core member of our European private equity team.
Joe Baratta, Blackstone’s Global Head of Private Equity, said: “Robert has been a trusted Blackstone colleague for 15 years. He has exceptionally strong management and people skills and has a thorough understanding of our business. He is the ideal choice to step into Vik’s shoes and support the management of our outstanding private equity business.”
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 asset management businesses, with $545 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, 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.