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Blackstone : Announces Appointment of Frederic Kerrest, Executive Vice Chairman, Chief Operating Officer, and Co-Founder of Okta, as Senior Advisor

09/17/2021 | 11:01am EDT

Blackstone (NYSE:BX) today announced the appointment of Frederic Kerrest, Executive Vice Chairman, Chief Operating Officer, and Co-Founder of Okta – a leading independent provider of identity systems for businesses and organizations – as a Senior Advisor. He will bring his extensive experience as an entrepreneur and as an enterprise software executive to advise across Blackstone’s businesses, with a focus on Blackstone Growth (BXG), the firm’s growth equity investing platform.

Jon Korngold, Global Head of Blackstone Growth, said: “Freddy is a leading expert on digital transformation and he understands the opportunities and challenges facing high-growth companies. Our investment teams and portfolio companies will benefit greatly from that deep well of knowledge as we continue partnering with entrepreneurs to help their businesses reach their full potential.”

Frederic Kerrest added: “Jon and the BXG team built a world-class growth equity investing business and, as an entrepreneur myself, I have a nuanced appreciation for Blackstone’s unique set of resources that can help fast-growing companies scale into global market leaders. I look forward to partnering with the BXG team and portfolio companies.”

At Okta, Mr. Kerrest focuses on creating stakeholder value by establishing and driving Okta’s corporate priorities, accelerating innovation across the company, working closely with customers, partners and prospects, and serving as a key liaison with the investor community. Prior to Okta, Frederic worked in sales and business development at Salesforce.com, and in venture capital at Hummer Winblad Venture Partners. He received a BS from Stanford University and an MBA from the MIT Sloan School of Management.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $684 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

ę Business Wire 2021
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Financials (USD)
Sales 2021 10 410 M - -
Net income 2021 5 513 M - -
Net Debt 2021 7 528 M - -
P/E ratio 2021 32,2x
Yield 2021 2,67%
Capitalization 101 B 101 B -
EV / Sales 2021 10,4x
EV / Sales 2022 9,19x
Nbr of Employees 3 165
Free-Float 98,1%
Duration : Period :
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Technical analysis trends BLACKSTONE INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 139,57 $
Average target price 142,04 $
Spread / Average Target 1,77%
EPS Revisions
Managers and Directors
Stephen Allen Schwarzman Chairman & Chief Executive Officer
Jonathan D. Gray President, Chief Operating Officer & Director
Michael S. Chae Chief Financial Officer
John Stecher Chief Technology Officer
Jeffrey Iverson Managing Director-Legal & Compliance
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