Investment giant Blackstone is setting up an office in Tel Aviv to tap into the nation’s growing tech firms
U.S. investment giant, Blackstone is setting up a Tel Aviv office – to be run by Yifat Oron, the former CEO of LeumiTech, the tech banking arm of Bank Leumi Le-Israel.
As senior managing director and head of Blackstone’s office, Oron will set up a team to vet companies for investment from the US firm’s recently raised, inaugural USD 4.5 billion growth equity fund Blackstone Growth (BXG).
“Israel — which is undergoing a transformation from Start-Up Nation to Scale-Up Nation is “ripe enough” to be a recipient of the “big checks” Blackstone is looking to write to help these sorts of firms grow even faster,” Oron said.
“To be a significant local player, you need to have senior leadership on the ground that can lead the deals, and not do it from afar,” Oron added.
Blackstone was founded by CEO and chairman Stephen Schwarzman in 1985. The firm’s business activities include private equity investments, hedge funds, real estate holdings, and credit and insurance businesses, according to its website.
