Michael Chae, a senior managing director in Blackstone Group’s private equity group was named head of private equity in Asia, said spokesman Peter Rose.
It is a new position, Mr. Rose said.
Mr. Chae will be based in Hong Kong; he had been based in Blackstone’s New York office since joining the firm in 1997.
He led some of Blackstone’s most significant investments, including Nielsen, Michaels Stores, The Weather Channel and Hilton Hotels, according to a Blackstone news release.
Mr. Chae will continue his oversight of telecom and media-related investments, Mr. Rose said.
