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Blackstone Appoints Kirkbi CIO as Nordic Adviser for $500bn Europe Push

Private Equity Insights •
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Blackstone has appointed Thomas Schleicher, former Chief Investment Officer of Kirkbi, as Senior Adviser for the Nordic region, bolstering its expansion strategy as it targets $500bn in European investments over the next decade. Schleicher previously managed approximately 178bn Danish kroner in assets at Kirkbi A/S, the investment vehicle of Denmark's billionaire Kirk Kristiansen family.

At Blackstone, Schleicher will focus on deal origination and strengthening investor relationships across the Nordics, where the firm has built substantial exposure in real estate, infrastructure, private equity, and growth investments. The firm's recent Nordic activity includes the 2023 €14bn acquisition of Adevinta alongside Permira and a major data centre development in Forssa, Finland.

This strategic hire underscores the intensifying competition among global alternative asset managers to secure local expertise and institutional relationships in Europe. Blackstone has also recently strengthened its European leadership with appointments including Franck Petitgas as Vice Chairman for Europe and Michele Raba as Head of European Corporate Private Equity. The move signals Blackstone's commitment to deepening its Nordic presence as capital deployment across the continent accelerates.