Blackstone Group Names Gadhia Senior Managing Director in Blackstone Advisory Partners

The Blackstone Group named Jitesh Gadhia as a senior managing irector in Blackstone Advisory Partners. Gadhia was most recently managing director and head of advisory at Barclays Capital. Gadhia will be based in London.

PRESS RELEASE

The Blackstone Group (NYSE: BX) today announced that Jitesh Gadhia has joined the firm as a Senior Managing Director in Blackstone Advisory Partners. Mr Gadhia was most recently Managing Director and Head of Advisory at Barclays Capital. Mr Gadhia will be based in Blackstone’s London office.

Commenting on the appointment, John Studzinski, Global Head of Blackstone Advisory Partners, said: “We are delighted that someone of Jitesh’s experience and reputation is joining us. Not only does Jitesh bring an extensive track record in UK and Europe, across multiple industry sectors, but he has also been at the forefront of developing cross border activity with emerging markets such as India, which are increasingly important for Blackstone. Jitesh will add to the strength of our existing platform and have the opportunity to develop our advisory presence in new markets.”

Jitesh Gadhia added: “I am excited to be joining Blackstone’s successful and growing advisory franchise. Blackstone’s powerful network of relationships, access to capital and expanding geographic reach, across developed and emerging markets, offers a unique proposition for clients.”

Jitesh Gadhia has almost 20 years’ investment banking experience, having held senior positions at Barclays Capital, ABN AMRO and Baring Brothers. He graduated from Cambridge University with a degree in Economics and attended the London Business School as a Sloan Fellow. Mr Gadhia also serves as a Trustee of the UK’s National Endowment for Science, Technology and the Arts and, in 2008, was selected as a Young Global Leader by the World Economic Forum.

About Blackstone

Blackstone is one of the world’s leading investment and advisory firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, the companies we advise and the broader global economy. We do this through the commitment of our extraordinary people and flexible capital. Our alternative asset management businesses include the management of private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services. Further information is available at www.blackstone.com

The Blackstone Group L.P. New York Peter Rose, 212-583-5871 rose@blackstone.com or London Natasha Baxter, 44 (0) 20 7451 4026 baxtern@blackstone.com or Mumbai Vinod K. Moorthy, 91 22 2266 1755 40661755 vinod.moorthy@ipan.com