Jon Korngold, a former senior leader at General Atlantic, will join Blackstone (NYSE:BX) as a Senior Managing Director and head of the new Growth Equity investing platform.
Korngold will be responsible for building and running this new platform which will provide capital to companies during the phase between venture capital investments and traditional buyouts.
At General Atlantic, Mr. Korngold was a member of the firm’s Management Committee, Chairman of the Portfolio Committee and Global Head of the firm’s Financial Services and Healthcare sectors.
In his 18 years at General Atlantic, he sourced and executed billions of dollars of growth equity investments across the technology services, enterprise software, healthcare, financial services and consumer sectors.
Prior to General Atlantic, he worked in Goldman Sachs’ Principal Investing and M&A groups in London and New York.
Led by Stephen A. Schwarzman, Chairman, CEO and Co-Founder, and Jon Gray, President & COO, Blackstone is one of the world’s leading investment firms. Its asset management businesses, with $457 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis.