Blackstone Hires Michele Raba to Lead European Private Equity

Blackstone Inc. has hired Michele Raba as head of European corporate private equity as the alternative asset manager pledges to step up its investment in the region.

Raba, most recently with Apollo Global Management Inc. as lead partner for European private equity, will join Blackstone in April, according to a statement reviewed by Bloomberg News. He’s taking over from Lionel Assant, who was elevated to serve as global co-chief investment officer.

Blackstone has been investing in Europe for over 25 years with more than $350 billion in assets. The firm has said it will deploy more than $500 billion ...