Blackstone Hires Scott Bommer as Chief Investment Officer of Blackstone Alternative Asset Management’s (BAAM) new Horizon P...
March 15 2021 - 8:15AM
Business Wire
Will also play a key role supporting BAAM’s existing investment
teams and pursuing strategic initiatives
Blackstone (NYSE:BX) today announced that Scott Bommer has
joined the firm as the Chief Investment Officer of the new
Blackstone Horizon platform, an initiative being launched by
Blackstone Alternative Asset Management (BAAM).
Blackstone Horizon is a new investment business that targets
strong absolute returns by investing in and forming strategic
partnerships with high-performing investment managers. The platform
will employ a thematic approach to capitalize on powerful secular
growth trends globally.
Mr. Bommer will also work closely with BAAM senior management on
asset allocation, risk-management, stakes/seeding investing and
other strategic initiatives.
Jon Gray, Blackstone President & COO, said: “This is another
key hire for BAAM. Scott is a seasoned investor with a record of
delivering strong returns for investors while maintaining downside
protection. His experience and breadth of relationships will open
new opportunities as we further expand our hedge fund
business.”
Joe Dowling, Blackstone Global Co-Head of BAAM, said: “Scott is
a proven investor who has extensive experience in the public and
late-stage private markets. We have known each other for more than
25 years and have collaborated on numerous investment
opportunities. I look forward to working alongside him.”
John McCormick, Blackstone Global Co-Head of BAAM, said: “We’re
delighted to welcome Scott to BAAM to lead cutting edge investment
initiatives across the business with a focus on the Horizon
platform. Scott’s hire reflects our innovative mentality and our
desire to access the most exciting investment opportunities for our
investors.”
Scott Bommer, Chief Investment Officer of Blackstone’s Horizon
platform, said: “I am thrilled to lead this new initiative for
Blackstone. The scale of BAAM’s platform and flexibility of this
new mandate positions the platform exceptionally well to be the
investment partner of choice for managers. I look forward to
working alongside Joe, John and the talented team at BAAM to build
out this new business.”
Mr. Bommer was the founder of SAB Capital Management (“SAB”),
where he served as CEO and worked for 17 years from 1999 to 2015.
He previously worked as a Portfolio Manager at Siegler, Collery
& Co., an Associate at McKinsey & Company and an Analyst at
Goldman Sachs. Mr. Bommer lives in New York City with his family
and has been a Director of the Robin Hood Foundation for the last
15 years. Mr. Bommer received an M.B.A from Harvard Business
School. He also earned a B.A. with distinction in Quantitative
Economics from Stanford University.
He joins Blackstone after managing his family office where he
focused on late-stage growth investing.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our $619 billion in
assets under management include investment vehicles focused on
private equity, real estate, public debt and equity, life sciences,
growth equity, opportunistic, non-investment grade credit, real
assets and secondary funds, all on a global basis. Further
information is available at www.blackstone.com. Follow Blackstone
on Twitter @Blackstone.
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Media Paula Chirhart +1-347-463-5453
paula.chirhart@blackstone.com
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