Olivier Meyohas Joins Blackstone

Olivier Meyohas has joined The Blackstone Group‘s hedge fund-of-funds business as a managing director in charge of the firm’s London office. He also will lead the business in Europe, the Middle East and Africa. He has spent the past 16 years with Goldman Sachs.

PRESS RELEASE

Blackstone Alternative Asset Management (BAAM), the fund of hedge funds segment of The Blackstone Group (NYSE:BX) with approximately $31 billion under management at the end of June 2008, today announced that Olivier Meyohas has joined as a Managing Director to head its London office and lead its business in Europe, the Middle East & Africa.

Gideon Berger, who has led the firms London office since the end of 2006, has been named Chief Risk Officer and will return to New York.

Mr. Meyohas will sit on BAAMs Executive Committee and Investment Committee and will report to J. Tomilson Hill, Vice Chairman of The Blackstone Group and President and CEO of BAAM.

Prior to joining BAAM, Mr. Meyohas spent the last 16 years at Goldman Sachs in London, where he was a Managing Director and last served as co-Head of the Pension Advisory Group.

Commenting on the appointment, J.Tomilson Hill said: we are thrilled that Oli is joining us to build on the business momentum and success in Europe, the Middle East and Asia that BAAM has achieved under Gideon and his team. Olis deep knowledge of pensions and his advisory approach naturally fit our customer solution focus. He will add tremendous value to BAAM and our clients.

Mr. Meyohas added I am delighted to join the worlds leading alternative asset manager and I look forward to continuing BAAMs dedication to delivering superior service and returns, developing our people and further enhancing our reputation. The experience I have working with some of Europes largest pension funds will hopefully be additive to BAAMs existing efforts to solve the complex investment challenges faced by the biggest institutional investors in the world particularly in these challenging markets.

Mr. Meyohas received a BA (Hons) in Modern History from Pembroke College, Oxford.

About The Blackstone Group

Blackstone is one of the worlds 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 corporate private equity funds, real estate funds, hedge funds, funds of funds, debt funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement service.

BAAM, which was formed in 1990 and had approximately $31 billion under management as at the end of June 2008, has grown to over 120 professionals with experience in capital markets, portfolio management, risk management, auditing and clients relationship management. BAAMs London presence was established in 2001 and currently employs 15 professionals spearheading the groups efforts in Europe. BAAM also has a presence in Hong Kong.

Further information is available at www.blackstone.com.