Blackstone has promoted Kenneth Caplan, the company’s current Global Co-Head of real estate, and Lionel Assant, European Head of private equity, to the newly created roles of Global Co-Chief Investment Officers (Co-CIOs).
Nadeem Meghji, Head of real estate in the Americas, will succeed Caplan as Global Co-Head of real estate alongside current Global Co-Head, Kathleen McCarthy.
The three executives collectively bring more than 60 years of Blackstone investing experience to what the firm, which has over $200bn in dry powder, is expecting to be an extremely active deployment period.
Assant joined Blackstone in 2003 and has run the firm’s European private equity business based in London since 2012. He will continue to serve in that capacity and, as Co-CIO of Blackstone, work in conjunction with the business unit CIOs and Group Heads to provide additional firm-level investment oversight across its private equity complex, including its corporate PE, infrastructure, tactical opportunities, growth, and life sciences businesses.
Caplan joined Blackstone in 1997, led the firm’s European real estate business from 2012-2015, served as real estate CIO from 2015-2017, and has co-headed the global real estate business alongside McCarthy since 2018. As Co-CIO, he will work in conjunction with the business unit CIOs and Group Heads to provide additional firm-level investment oversight, primarily across real estate and credit & insurance.
Meghji joined Blackstone Real Estate in 2008 and since 2017 has overseen the company’s real estate business in the Americas.
