Blackstone Announces Leadership Changes and New Client Coverage Areas

People | Dec 02, 2024 | Blackstone

Blackstone, the world-leading alternative asset manager with over $1.1 trillion in assets under management, has announced three key leadership appointments in its efforts to enhance client coverage and capital raising. The appointments include Farhad Karim as Global COO of Private Wealth Solutions, Chris Sullivan as Head of Sponsor Coverage, and Adam Lane as Head of Consultant Relations. Farhad Karim, who is known for his pivotal role in scaling Blackstone's real estate business, will oversee Private Wealth Solutions, a segment that offers a range of institutional-quality alternative investments and manages $250 billion across financial advisory channels globally. Chris Sullivan's role as Head of Sponsor Coverage will focus on providing multi-asset class solutions to private equity sponsors. Adam Lane, with extensive experience from Goldman Sachs, will cultivate Blackstone's relationships with the consultant community. These appointments are intended to capitalize on Blackstone's momentum, broaden their service coverage, and further cement the firm’s expansive global reach.

Sectors

Financial Services
Asset Management

Geography

United States – Blackstone is based in New York City, and many of its leadership roles and initiatives have significant U.S. focus.

Industry

Financial Services – The industry includes banks, investment funds, insurance companies, and real estate, relevant due to Blackstone's role as an alternative asset manager.
Asset Management – This sector involves managing and investing clients' assets, with Blackstone being a major player due to its considerable global AUM.

Financials

$1.1 trillion – Blackstone's total assets under management, making it the world's largest alternative asset manager.
$250 billion – Assets managed by Blackstone's Private Wealth Solutions across the private wealth channel.

Participants

Name	Role	Type	Description
Blackstone	Private Equity Firm	Company	The world's largest alternative asset manager, managing over $1.1 trillion in assets.
Farhad Karim	Global COO of Private Wealth Solutions	Person	Long-serving Blackstone leader, known for his role in real estate business growth.
Chris Sullivan	Head of Sponsor Coverage	Person	Leads the provision of multi-asset class solutions to private equity sponsors.
Adam Lane	Head of Consultant Relations	Person	Focuses on cultivating relationships with the consultant community for Blackstone.
Goldman Sachs Asset Management	Previous Employer of Adam Lane	Company	Adam Lane's previous workplace where he was Partner and Global Head of Wealth Management Alternatives.