Point72 Taps Blackstone Veteran for New Private Credit Effort

Point72 Asset Management hired Todd Hirsch, a former Blackstone Inc. senior managing director, as head of private capital.

Hirsch will report directly to Point72 Chairman and Chief Executive Officer Steve Cohen when he joins next week to build out a new investing strategy primarily focused on private credit, according to a memo seen by Bloomberg News sent from Cohen to staff on Tuesday morning.

In the role, Hirsch will build and manage a portfolio of private credit and asset-based investments across technology, business services, health care and insurance companies, among other sectors, Cohen wrote in the memo.

“Private credit ...