Blackstone Appoints Marshall as Head of 17-Year Direct Lending Division Amid Growing Credit Arm Activity
In a move to expand its direct lending capabilities, Blackstone Group Inc. has appointed former Goldman Sachs executive Marshall Wace as the head of its 17-year-old direct lending division. The move comes as the private equity giant continues to build out its credit arm and make strategic investments in the space. Marshall Wace, who was most recently a managing director at Goldman Sachs, will lead Blackstone’s direct lending division. The division, which has been active since 2003, provides financing to companies that are unable to access traditional bank financing. The