Blackstone Promotes Marshall to Head Private Credit, Hires Bock

Blackstone Inc has promoted Brad Marshall to lead its private credit efforts and hired former Barings executive Jonathan Bock to the team, as the private equity behemoth continues to expand a business that already makes up half its overall credit business.

Marshall, who has been at Blackstone for 17 years, is taking on the firm’s newly created role of global head of private credit strategies, according to Blackstone. Marshall, who had been spearheading the firm’s US direct lending business, will remain based in NYC and report to Dwight Scott, Blackstone’s head of credit.

“In direct lending, Brad has been ...