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Blackstone to open new office in Frankfurt

Blackstone is an alternative asset manager that manages $975bn in assets.

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  • Blackstone’s Juergen Pinker, and Jurij Puth, senior MDs, will lead on private equity, and credit, respectively
  • Blackstone has been involved in transactions worth more than €17bn in Germany
  • The firm is based in New York

Blackstone is to open a new office in Frankfurt, Germany, which will serve as a hub for the firm in Germany.

The new location will occupy 1,300 square meters in the OMNITURM in Frankfurt, according to a release.

Blackstone’s Juergen Pinker, senior managing director, will lead on private equity with Jurij Puth, senior managing director, leading on credit.

“Germany is an economic powerhouse, a great country to do business in and we look forward to investing here for a long time to come,” said Jon Gray, president, and COO of Blackstone.

Blackstone has been involved in transactions worth more than €17 billion in Germany.

The firm’s current investments in Germany include Leica and Schenck Process.

The firm has over 7,000 people employed by its portfolio companies in the country.

Blackstone is an alternative asset manager that manages $975 billion in assets. The firm is headquartered in New York.