NEW YORK–(BUSINESS WIRE)–Blackstone (NYSE:BX) announced that Ram Jagannath, an investor with more than two decades of experience in the healthcare and technology sectors, has joined the firm as a Senior Managing Director in its recently launched Growth Equity investing platform. Mr. Jagannath will lead healthcare investing for Blackstone’s growth equity business.
Earlier this year, Blackstone launched a dedicated Growth Equity investing platform (Blackstone Growth, “BXG”), which is focused on providing capital to companies seeking to minimize the execution risks associated with high-growth environments. Jon Korngold, a former senior leader at General Atlantic, joined Blackstone in January 2019 to lead the business.
Jon Korngold, a Senior Managing Director and Head of Blackstone Growth (BXG), said: “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.”
Ram Jagannath added: “I’m pleased to join Jon and the BXG team. Healthcare is an area undergoing immense technological transformation, and where we believe Blackstone’s capital and operating expertise can help fast-growing businesses become world-class companies.”
Most recently, Mr. Jagannath was a partner at Navab Capital Partners, where he was the head of healthcare and served on the investment and management committees. Previously, he was a Managing Director at The Carlyle Group in its flagship buyout fund. During his twelve years at Carlyle, he worked on investments across the healthcare sector, including healthcare information technology, tech-enabled healthcare services, general healthcare services, pharma and pharma services, medical products, and diagnostics.
Prior to joining Carlyle, Mr. Jagannath worked at Genstar Capital and Thomas Weisel Capital Partners (now known as Tailwind Capital). He received an M.B.A. from Northwestern University Kellogg School of Management, 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. After Duke, he completed post-graduate research in Economic Development as a Fulbright Scholar at the University of Zagreb in Croatia.
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