Mark Burton was hired as a principal in Blackstone Group's Strategic Partners business to oversee the firm's real estate secondaries business, said a statement today from Blackstone.
Mr. Burton was hired from H/2 Capital where he was a managing director focusing on distressed commercial mortgage investments.
Blackstone acquired the Strategic Partners unit last year from Credit Suisse Group, expanding its traditional buyout business to include the practice of buying and selling stakes in private equity funds.
Blackstone's unit oversees $15.5 billion in committed capital and is raising its sixth fund with a $4.4 billion target, according to Blackstone's second quarter earnings statement.
The group is investing its fourth real estate fund after starting to buy property fund stakes in 2000, according to the statement today.
