A significant change in leadership is happening at Blackstone Inc.'s $37 billion Tactical Opportunities unit. David Blitzer, a billionaire dealmaker, is transitioning from his day-to-day management role to become chairman.
Chris James, Blitzer's top lieutenant, will now be responsible for the daily operations of the Tactical Opportunities division, signifying a new phase for the firm. This change reflects Blackstone's ongoing growth and commitment to maintaining its leadership in the investment landscape.