00:00It's Benzinga bringing Wall Street to Main Street
00:02Blackstone's longtime private equity chief Joe Burrata is set to leave the firm at year-end
00:06after 28 years, according to Bloomberg.
00:09Burrata moved into a new role overseeing strategies within Blackstone's private equity unit.
00:13While Blackstone does not plan to replace him, Burrata joined the firm in 1998 and later
00:18helped build its European private equity business before becoming global head of strategy in
00:232012.
00:23Last year, Blackstone moved Burrata into a broader role overseeing strategies within
00:28its private equity unit, where he helped develop the firm's AI investment strategy.
00:33Burrata helped shape Blackstone's AI investment strategy and secured golfer Tommy Fleetwood
00:37as its first brand ambassador.
00:39Blackstone launched a new AI and high-growth tech investment division in April, led by
00:43Jasvinder Kara following John Korngold's departure.
00:46For all things money, visit Benzinga.com.
