Reuters – Blackstone Group LP has appointed one of its senior advisers to head its Australia business, a spokeswoman said on Tuesday, in a sign the firm plans to ramp up its investing efforts inside the country.
Carnegie, an Australian private equity veteran and a former partner at domestic firm Archer Capital, will be a senior managing director at Blackstone and will assume a direct deal-making role, according to Charlotte Bilney, an external spokeswoman for the firm. He had been a Blackstone senior adviser in Australia since 2012.
Carnegie will report to Michael Chae, Blackstone’s Hong Kong-based head of Asia Pacific private equity.
The Australian Financial Review earlier reported Carnegie’s new role.