Maryfrances Metrick is leaving The Blackstone Group and will join Centerbridge Partners in October to take up fundraising responsibilities, a source has confirmed.
Metrick had headed up investor relations efforts in Blackstone’s London office for the past few years. She joined the firm in 1997 and was based in New York for most of her career at Blackstone.
Metrick is joining the multi-strategy private equity shop, Centerbridge, as it hits the market with its second fund, targeting $3.75 billion. The news was first reported in Private Equity Insider.
Blackstone has not announced who will step in for Metrick in London. The firm’s private equity and real estate investor relations efforts are led by Ken Whitney, who oversees a team of around 40 investor relations professionals. Metrick was responsible for raising capital across Blackstone's private equity, real estate and mezzanine businesses, according to a biography on the firm's website.
In total, Blackstone has about 73 investor relations professionals across all its funds, including its funds of hedge funds and its credit vehicles, but not including its Park Hill placement agent affiliate. The firm has about 1,150 limited partners across all its asset classes.
To learn more about Blackstone's investor relations operations, and its new LP portal BXAccess, see the September issue of PERE magazine.