Blackstone Hires Ram Jagannath to Head Growth Equity Platform
The new senior managing director has two decades of experience in the healthcare and technology sectors
Add another senior name to recent Blackstone hires.
The firm has hired Ram Jagannath as a Senior Managing Director for its relatively new Growth Equity investing platform. Jagannath will run healthcare investing at the firm’s growth equity business.
Before Blackstone, Jagannath was a partner at Navab Capital Partners. At that firm, he headed the company’s healthcare investing operations and held seats on its investment and management committees.
Blackstone hires “seasoned investor.”
Before this role, he was at The Carlyle Group as a Managing Director. He worked at the private equity giant for 12 years in various healthcare and technology roles.
“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,” said Jon Korngold, a Senior Managing Director and Head of Blackstone Growth, in a press release.
Jagannath later commented on his hiring in the same press note. He said: “I’m pleased to join Jon and the BXG team. Healthcare is an area undergoing [an] immense technological transformation, and where we believe Blackstone’s capital and operating expertise can help fast-growing businesses become world-class companies.”
Further, Jagannath holds an MBA from Northwestern University, a J.D. from Northwestern University School of Law and a B.S.E. in Biomedical and Electrical Engineering with a minor in Economics from Duke University. He was also a Fulbright Scholar at the University of Zagreb in Croatia.
Jagannath joins an impressive list of recent Blackstone hires. The company just announced it had hired Limin Wang to its private equity arm.
Latest Alternative Investment News
As companies become more undervalued as the economy slows because of shutdown orders across the United States, I expect that the pace of activist activity to increase. We should see…
KKR & Co (NYSE: KKR) has shelved a plan to sell Singapore-based Goodpack, a Singapore based shipping containers, and logistics services. They had bids for the company that was said…
Kyash, a Japanese fintech startup aspiring to be a leading challenger bank, gained $45 million in a Series C funding. The round was co-led by Greenspring Associates and Goodwater Capital,…
Investors set up a record-breaking first quarter this year for inflows into U.S. money market funds. These funds gained from the massive risk-off sentiment that prevailed as investors realized the…