Blackstone corporate debt sets up in Europe

Debra Anderson is joining the Blackstone Group as a managing director to set up a corporate debt business in Europe. Anderson will join Blackstone’s Corporate Debt Group which was established in 1998 and has grown to nearly $5bn in commitments and assets under management.

Howard Gellis, head of Blackstone’s Corporate Debt Group, said: “Based on the successes of Blackstone’s private equity and real estate businesses in Europe, and our own assessment of the growing institutionalization of the European debt market, we’ve been preparing to enter that market for years.”

Anderson has been an active investor in the European leveraged loan market for the past 12 years. She was most recently a leveraged loan portfolio manager for Intermediate Capital Group Plc where she was responsible for four European CDOs totaling €1.4bn in loan assets. Prior to that she established and ran an acquisition finance lending business for a major European bank.

Blackstone’s Corporate Debt group currently manages five CDOs, with approximately $3bn of assets and a mezzanine fund which is investing in excess of $1bn of commitments.