Chris Sullivan was named head of sponsor coverage, Adam Lane was appointed head of consultant relations, and Farhad Karim stepped into the role of global COO of private wealth solutions in a trio of appointments at alternatives firm Blackstone.
“These appointments underscore the tremendous momentum at Blackstone in terms of accelerating who we serve and the breadth of solutions we offer,” said Jon Gray, president and COO, in a news release.
Sullivan steps into a new role for the firm that will focus on a “multi-asset class solution” for private equity sponsors across debt and equity strategies, according to the release. Sullivan joined Blackstone in 2021 from Barclays and previously led private credit sponsor relationships within Blackstone’s Credit and Insurance division.
Lane joins Blackstone as head of consultant relations and will focus on relationships with consultants and also assist the firm’s private capital group. It is a new role for the firm, a spokesperson confirmed.
Lane joins Blackstone after nearly two decades at Goldman Sachs Asset Management where he most recently was a partner and global head of wealth management alternatives and co-head of U.S. third party wealth. A spokesperson for Goldman Sachs confirmed that Kyle Kniffen took over Lane’s role.
Karim steps into a new role as global COO of private wealth solutions where he will be responsible for daily operations as well as product and regional expansion, according to the release. He joined Blackstone in 2011 and served as chairman and COO of Blackstone Europe, as well as general counsel of Blackstone Real Estate.
Blackstone had $1.1 trillion in assets under management as of Sept. 30.
