Blackstone Hires Israeli Tech Executive Yifat Oron; Opens New Office In Tel Aviv
Blackstone has hired Yifat Oron, who previously served as CEO of LeumiTech, as a Senior Managing Director and head of the firm’s new office in Tel Aviv, Israel. She will lead Blackstone’s growth and tech investments in Israel for Blackstone Growth (BXG), the firm’s growth equity business, and assist with other investing efforts across the firm. Oron has more than twenty years of experience as a tech investor and executive in Israel, with leadership roles in venture capital, banking and consulting.
BXG recently completed the final close of its inaugural $4.5bn growth equity fund. BXG began deploying capital in 2020 and has already made a number of significant investments, including in Bumble (which recently completed a successful initial public offering); Oatly; ISN; GeoComply; Ginger; Hydrogen Health and Epidemic Sound.
Ambassador Dan Gillerman, former Israeli Ambassador to the United Nations, has served as Blackstone’s Senior Advisor in Israel since 2013. With the establishment of Blackstone’s new office in Tel Aviv, Ambassador Gillerman will become Chairman of Blackstone Israel, continuing to serve as an advisor to the firm and the Israel-based team.
“I look forward to working with Yifat, a deeply respected tech and finance leader, to scale our efforts and support the most promising companies, entrepreneurs and technological innovation in Israel," he said.
Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder, said: “We are increasingly focused on investing in fast-growing sectors, such as technology, life sciences and the digital economy. Israel is one of the most promising markets in the world in these areas and Yifat is the perfect choice to scale our firm’s presence and investments there.”
Jon Korngold, Global Head of Blackstone Growth, said: “We are big believers in Israel, which is one of the most dynamic and innovative markets in the world. I’m delighted to welcome Yifat, an outstanding technology executive and leader, to help us bring the full power of the Blackstone platform and our resources to the country’s entrepreneurs.”
Oron added: “I’m thrilled to join Blackstone and lead the firm’s growth investments in Israel. The breadth of what Blackstone can deliver to entrepreneurs in terms of capital and operating expertise is truly world-class. I’m excited to help fast-growing companies in Israel become global leaders through Blackstone’s resources and global network.”
Prior to joining Blackstone, Oron was the CEO of LeumiTech, a leading Israeli technology banking platform, servicing and financing several thousand technology companies and supporting their global expansion via LeumiTech’s global footprint. She spent most of her career as a Partner at Vertex Venture Capital (an Israel-based venture fund), where she invested in and served as a board member of companies across the tech ecosystem.
© The Sortino Group Ltd
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.