Scott Bommer has taken the role, where he will work with Blackstone Alternative Asset Management (BAAM) senior management on asset allocation, risk management, stakes/seed investing and other initiatives.
Mr Bommer has joined Blackstone after managing his family office, where he focused on late-stage investing.
He was the founder of SAB Capital, where he served as chief executive and worked for 17 years, up to 2015.
He previously worked as a portfolio manager at Siegler, Collery & Co, an associate at McKinsey & Company and an analyst at Goldman Sachs.
Joe Dowling, global co-head of BAAM commented: “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.”
Mr Bommer added he was excited to lead and build out the new platform.
