Blackstone hires Morgan Stanley’s Kapur

Blackstone Alternative Asset Management (BAAM) has hired Vineet Kapur to its investment team in New York.

Kapur joins the Blackstone Group’s alternative investment arm, which has around $9 billion worth of assets under management, as a managing director. He will also be a member of BAAM’s investment committee.

BAAM’s president and chief executive, Tomilson Hill, said that among other duties, Kapur will assist in the construction of portfolios that target exposure to specific segments of the alternatives market.

Kapur was previously at Morgan Stanley, where he was a vice-president in the prime brokerage group.

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