Bennett Goodman’s Hunter Point Capital Hires Former Blackstone Executive -Sources 2021

Tracker Point Capital, the private value firm dispatched by Bennett Goodman, who helped to establish Blackstone (NYSE:BX) Inc credit arm GSO Capital Partners, has recruited a previous Blackstone chief, three individuals acquainted with the matter said on Tuesday.

Melvin Hibberd, 37, will join Hunter Point Capital in January one year from now, the sources said. He was beforehand an overseeing chief at Blackstone’s Strategic Capital Holdings unit that obtains stakes in elective resource directors.

Hibberd is among a line of Blackstone chiefs to leave the celebrated private value company’s multifaceted investments unit – Blackstone Alternative Asset Management unit (BAAM).

A Hunter Point Capital representative didn’t quickly react to a solicitation for input.

John McCormick (NYSE:MKC), the co-head of BAAM, last week advised Blackstone of his arrangements to leave https://www.reuters.com/business/finance/blackstones-co-head-multifaceted investments unit-mccormick-leave-firm-sources-2021-10-25 the firm in the coming months, sources told Reuters.

McCormick’s takeoff follows a comparative move by Scott Soussa, a previous BAAM co-head, who left the firm in March and will join trading company Angelo Gordon.

Hibberd worked with Marc Pillemer and Rob Zassman who have likewise left Blackstone.

A Blackstone delegate declined to remark.

Also Read More NEWS

Goodman, who was likewise a Blackstone board part prior to venturing down in 2019, shaped Hunter Point Capital last year to purchase stakes in other private value firms. His firm is an immediate contender to Blackstone’s Strategic Capital Holdings unit.

Leave a Comment

Your email address will not be published.