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April 15, 2021 10:12 AM

Blackstone Growth picks managing director to lead European investing

Sophie Baker
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    Paul Morrissey
    Paul Morrissey

    Paul Morrissey was named managing director to lead investing in Europe for Blackstone's global growth equity business, Blackstone Growth.

    The role is new and Mr. Morrissey starts this week, a spokesman said.

    He will lead an existing team, managing European deployment for Blackstone Growth. The firm recently completed the final close for its inaugural $4.5 billion growth equity fund.

    "Paul is a world-class growth equity investor and his appointment underlines Blackstone's already strong commitment to partnering with fast-growing European companies to help them become global industry leaders by providing them with access to a scale of resources not typically available to this market," Jon Korngold, global head of Blackstone Growth, said in a news release.

    Parent company Blackstone has a total $619 billion in assets under management.

    Mr. Morrissey was a partner at technology-focused investment firm Battery Ventures. Details on any replacement were not immediately available.

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