BOSTON: Blackstone Group said on Friday that Scott Soussa, who co-heads the hedge fund and private equity stakes business, has decided to leave the firm and that Mustafa Siddiqui, who co-heads the business, will be the sole head of the Strategic Capital Holdings unit.
"We are incredibly grateful to Scott for his significant contributions in building our successful stakes business," said Blackstone President Jon Gray, adding that he was promoting Siddiqui and naming firm veteran Mike Nash to a new role."Our stakes business has tremendous momentum partnering with world-class GPs and we are quite excited about what's to come," Gray told Reuters ahead of an announcement of the changes.
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