Andrew Caspersen Joins Park Hill in Secondary Advisory Business

  Andrew Caspersen Joins Park Hill in Secondary Advisory Business

Business Wire

NEW YORK -- February 12, 2013

The Park Hill Group, a division of Blackstone (NYSE:BX), today announced that
Andrew Caspersen has joined as a Managing Principal, with a focus on its
secondary advisory business. This business delivers liquidity and capital
solutions to private equity investors and managers. Mr. Caspersen was most
recently a principal at Coller Capital, where he sourced, evaluated and closed
secondary transactions in the U.S. market.

Larry Thuet, a Senior Managing Director at Park Hill, said, “We are delighted
that Andrew is joining us. As private equity matures as an asset class, there
is a growing need for both investors in, and managers of, older vintage
private equity funds to increase their options as to how and when they
monetize their portfolios to enhance liquidity and access new capital. We
expect that providing secondary solutions in this area will continue to be an
important part of our services we provide our clients.”

Andrew Caspersen added, “I am pleased to join Park Hill. It has an outstanding
track record as a trusted adviser both to LPs and GPs. We can build on these
relationships as we offer this new suite of services to tailor solutions to
particular needs.”

Andrew will lead Park Hill’s effort to deliver capital solutions to mature
funds by working directly with private equity fund managers and limited
partners through structured secondary transactions. He is a graduate of
Princeton University and Harvard Law School.

The Park Hill Group, an affiliate of Blackstone, is a leading global
alternative asset placement agent with over 70 professionals based in 10
offices around the globe. Park Hill Secondary Advisory is fully integrated
within the broader Park Hill Group, utilizing a global network of
relationships to deliver superior results across multiple asset classes.
Further information is available at www.parkhillgroup.com.

Contact:

Peter Rose
Blackstone
New York
+1-212-583-5871
Rose@Blackstone.com