James Carnegie Appointed as Senior Advisor to Blackstone in Australia

Sydney and Hong Kong, Blackstone (NYSE:BX) today announced that James Carnegie has been appointed as a Senior Advisor to the firm.  Based in Sydney, Mr. Carnegie will focus primarily on the firm’s private equity activities in Australia.  Mr. Carnegie was most recently a partner with Archer Capital, one of Australia’s leading domestic private equity firms. Before that, his experience included working with Macquarie Capital in its principal investment area.

Michael Chae, Senior Managing Director at Blackstone and Head of Private Equity for the Asia-Pacific region, said: “We are delighted that James has agreed to join us as a Senior Advisor. Australia is a strategic market for Blackstone, and we remain highly committed to building top-notch local capabilities here. James has deep knowledge of the market and a great track record as an investor. We have worked closely with James in the past, and are confident that his addition to our team in a senior role will strengthen our pursuit of attractive opportunities in Australia on behalf of our limited partners.”

Commented James Carnegie: “I am pleased to be joining Blackstone. It is the world’s largest private equity firm, with a global network and a deep bench of investing expertise and talent. Australia presents many attractive opportunities to invest capital for a value-added and committed investor and I am looking forward to help drive this process here.”

Mr. Carnegie is a graduate of the University of Melbourne and the Harvard Business School.

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, hedge fund solutions, credit-oriented funds and closed-end funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com.  Follow us on twitter @alessandra-abelliblackstone-com

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