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BTIG secures Blackstone Tactical Opportunities investment

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BTIG has secured an investment from funds managed by Blackstone Tactical Opportunities, which the firm will leverage to expand its capabilities and accelerate growth.

Post investment, BTIG and its affiliates in Europe, Asia and Australia will continue to operate as fully independent entities. Financial terms of the private transaction have not been disclosed.
“Since we started 12 years ago, BTIG has been one of the fastest-growing institutional brokerage firms in the US. Partnering with Blackstone Tactical Opportunities will further enhance our offerings and allow us to advance key strategic initiatives,” says Scott Kovalik, co-founder and chief executive officer of BTIG. “We view their investment as a vote of confidence in our growth prospects, and we look forward to working together as we continue to build out our business.”
BTIG has expertise across institutional trading, investment banking, equity research and related brokerage services. The firm delivers solutions for both institutional and corporate clients.
“We are excited to welcome the Blackstone Tactical Opportunities team as a valuable strategic partner, dedicated to our vision for the firm’s continued growth,” says Steven Starker, co-founder of BTIG. “Strategically aligning with another industry leader will help to strengthen our brand, and amplify our ability to identify valuable client opportunities.”
David Blitzer (pictured), senior managing director at Blackstone, says: “We look forward to working with the experienced team at BTIG to help grow the business and build upon their already strong franchise.” 

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