Blackstone’s Scott to Retire After Building Credit Colossus (2)

Dwight Scott, who helped build Blackstone Inc.’s credit operation into a $330 billion behemoth, is retiring from the firm, according to an internal memo seen by Bloomberg.

Scott, 61, came to Blackstone in 2008 through its acquisition of GSO Capital Partners, an asset-management firm that jumpstarted its credit business.

Dwight Scott

Source: Bloomberg

Last year, Blackstone consolidated a few groups, including credit, under one chain of command. That decision promoted Gilles Dellaert to lead the combined unit, now known as Blackstone Credit and Insurance, or BXCI. Scott became chairman of BXCI and moved to London to help build the European credit ...