Blackstone Head of Private Credit in Europe and APAC to Leave Firm [BNN Bloomberg (Canada)]
Blackstone Inc. (BX)
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Source: BNN Bloomberg
Eapen will depart by the end of the year after 17 years at the company, a Blackstone spokesperson confirmed. Eapen also confirmed his departure when contacted by Bloomberg. He has been instrumental in building the private credit markets outside of the United States over the past decade. Eapen first joined GSO Capital Partners in 2007, which was acquired by Blackstone and later rebranded to Blackstone Credit in 2020. He is stepping back for personal reasons, according to the Blackstone spokesperson. Eapen's departure comes alongside the firm making broader changes to its credit business. It has been consolidating groups that invest in corporate credit and asset-based finance as well as a business that manages money for insurers under one chain of command, Bloomberg reported last week. As part of the changes, insurance chief Gilles Dellaert, 44, was promoted to lead the combined unit overseeing almost $300 billion of assets — and set a goal to grow total credit assets to $1 trill
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