Blackstone Taps Ex-Lazard Top Dealmaker, Aims to Back More Banks

Bloomberg

6 hours ago

Blackstone Inc. hired Joseph Cassanelli, a banker who drove major Wall Street deals, as the private equity firm prepares to invest more in banks and insurers.
The former co-head of Lazard Inc. 's US financial institutions group joins Blackstone as a senior managing director at its Tactical Opportunities unit. That arm invests across equity, credit and anywhere in between and oversees about $34 billion of assets.