Blackstone, a New York-listed alternative investments manager, has hired Yifat Oron as a senior managing director and head of the firm’s new office in Tel Aviv, Israel.
Prior to joining Blackstone, Oron was the CEO of LeumiTech, a subsidiary of Bank Leumi, and, earlier, a partner at Vertex Venture Capital, an Israel-based venture fund subsidiary of Singapore state-backed Temasek.
She will lead Blackstone’s growth and tech investments in Israel.
Blackstone recently completed the final close of its oversubscribed, inaugural $4.5bn growth equity fund.
Jon Korngold, global head of Blackstone Growth (BXG), said: “We are big believers in Israel, which is one of the most dynamic and innovative markets in the world.”
BXG offers growth-stage entrepreneurs potential access to its more than 100 operating professionals and advisers, a group procurement program that purchases on behalf of portfolio companies with more than 450,000 employees, a dedicated team responsible for identifying opportunities for its businesses to sell to its global portfolio companies with more than $160bn of combined revenue and more than 880 million square feet of logistics assets.
