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Investing.com -- Blackstone Inc. has appointed Michele Raba as the new head of European corporate private equity, with plans for him to join the firm in April, according to Bloomberg, citing a statement.
Raba comes to Blackstone from Apollo Global Management Inc., where he most recently served as lead partner for European private equity. At Blackstone, he will take over from Lionel Assant, who has been promoted to global co-chief investment officer.
During his tenure at Apollo, which began in 2010, Raba played a key role in several major deals, including Oldenburgische Landesbank, Gamenet, Lottomatica, Ingenico, and The Travel Corporation.
The alternative asset manager has a long-standing presence in Europe, having invested in the region for over 25 years with more than $350 billion in assets. Blackstone has announced plans to deploy more than $500 billion across Europe over the next decade, signaling its commitment to expanding its European investment portfolio.
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