Anthony Maniscalco Joins New Business in Blackstone Alternative Asset Management to Buy Interests in Hedge Funds

  Anthony Maniscalco Joins New Business in Blackstone Alternative Asset
  Management to Buy Interests in Hedge Funds

Business Wire

NEW YORK -- February 12, 2013

Blackstone Alternative Asset Management (“BAAM”), a division of Blackstone
(NYSE: BX), today announced that Anthony Maniscalco, the former Head of
Alternative Asset Management within Barclays’ Financial Institutions
Investment Banking Division, has joined. He will be a Managing Director on
BAAM’s Investment Team, focusing his efforts with Greg Hall and other senior
team members on building out its platform to purchase ownership interests in
hedge fund businesses.

Greg Hall, a Senior Managing Director at BAAM, stated, “It is a great time for
BAAM to focus on investing in leading alternative investment firms. Hedge
funds continue to gain market share within the asset management industry,
founder-owners are focusing on equity values and succession planning, and
there is little opportunistic capital to underwrite and purchase these
ownership interests.”

In his previous position at Barclays, Mr. Maniscalco was responsible for
overseeing banking relationships with over 50 asset managers. At BAAM, he will
be a part of the senior management team responsible for Blackstone’s overall
hedge fund solutions business.

“At Blackstone, we have worked with Anthony in his capacity as an investment
banker at Barclays. We have been very impressed by his intelligence,
integrity, creativity and work ethic. Anthony will be a major asset to our
senior management team,” stated J. Tomilson Hill, Vice Chairman of Blackstone
and President and CEO of BAAM. “We are also very grateful for our partnership
with Barclays, and we expect this important relationship to grow with our
addition of Anthony,” he added.

Over the past few years, BAAM has opportunistically hired investment talent
from banks and hedge funds. During 2011, BAAM assembled a team, under the
leadership of Greg Geiling, to invest in special situations across a broad
array of asset classes. Mr. Geiling was previously a portfolio manager at
Duquesne Capital.

“BAAM has nearly doubled its team since 2007, and we are planning a
significant increase in professional headcount in 2013. We have also doubled
our partner group in the last year, adding six new partners,” said Hill. “Our
business is providing investment solutions that meet the needs of our
investors. We cannot meet these needs without the most talented investment,
risk, due diligence and operational personnel,” added Hill.

BAAM is Blackstone’s Hedge Fund Solutions Business focused on providing
customized products and services to a broad range of sophisticated clients,
including pension funds, sovereign wealth funds and insurance companies. BAAM
currently manages approximately $45 billion of discretionary assets in a
number of different business units.

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. Blackstone 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
@Blackstone.

Contact:

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