Nadim El Gabbani, a senior managing director at Blackstone Inc., a global leader in alternative-asset management, has departed the firm. El Gabbani was based in London and joined Blackstone in 2008, working within the firm’s private equity group. He has been involved in numerous investments in business sectors such as financial services, business services, and technology, including BankUnited Inc., Michaels Stores, TeamHealth, Sithe Global Power and Service King.
Lionel Assant, the European Head of Private Equity at Blackstone, expressed his gratitude for El Gabbani’s contribution to the success of the firm. Assant also wished El Gabbani luck for his future endeavors.
As of December 31, 2020, Blackstone had $288.9 billion in assets under management, a figure that included $86.7 billion in dry powder – yet to be invested a.k.a not committed funds.
Established in 1985, Blackstone Inc. is one of the leading firms in the alternative-asset management industry. The company provides a wide range of services, including private equity, real estate, and credit investments, upon which it manages, invests and/or advises for clients globally. It also provides strategic advice to corporations and governments.
Nadim El Gabbani has deep knowledge and expertise in private equity investments and has been with the company for over a decade. He has been recognized for his commitment to doing things the right way, and for his active involvement in the firm’s investments throughout his tenure there. He continued to express great faith in Blackstone’s future, noting that he will remain a lifelong friend of the firm.