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Alternative Market Briefing

Ex-Navab Capital partner to join Blackstone growth equity unit

Thursday, August 22, 2019

Laxman Pai, Opalesque Asia:

Blackstone Group announced that it had hired Ram Jagannath, who was a partner at Navab Capital before the firm's untimely closure. Ram had previously worked as a managing director for the Carlyle Group's flagship buyout fund.

Ram Jagannath, an investor with more than two decades of experience in the healthcare and technology sectors, has joined the firm as a Senior Managing Director in its recently launched Growth Equity investing platform.

Earlier this year, Blackstone launched a dedicated Growth Equity investing platform (Blackstone Growth, BXG), which is focused on providing capital to companies seeking to minimize the execution risks associated with high-growth environments.

Jon Korngold, a former senior leader at General Atlantic, joined Blackstone in January 2019 to lead the business.

Jon Korngold, a Senior Managing Director and Head of Blackstone Growth (BXG), said: "Ram is a seasoned investor with an impressive track record in identifying great companies and helping entrepreneurs scale their businesses. With his addition, we are excited about the opportunity to leverage the global reach and resources of the Blackstone platform to continue building a leader among growth equity investors."

As a partner at Navab Capital Partners, Ram was the head of healthcare and served on the investment and management committees.

During his twelve years at Carlyle, he worked on investments across the healthcare sector, including ......................

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