BlackRock has plans for a new division, Global Direct Lending, and is appointing Stephan Caron, head of the European middle-market private debt business, to lead it, reported Bloomberg.
Jim Keenan, the global head of BlackRock’s private debt business and a two-decade
company veteran, will leave the firm next year, as will Raj Vig, co-head of U.S. private capital.
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