Based in Sydney, Carnegie will focus primarily on the firm’s private equity activities in Australia. Carnegie was most recently a partner with Archer Capital, one of Australia's leading domestic private equity firms. Before that, his experience included working with Macquarie Capital in its principal investment area.
Michael Chae, Senior Managing Director at Blackstone and Head of Private Equity for the Asia-Pacific region, said: 'We are delighted that James has agreed to join us as a Senior Advisor. Australia is a strategic market for Blackstone, and we remain highly committed to building top-notch local capabilities here. James has deep knowledge of the market and a great track record as an investor. We have worked closely with James in the past, and are confident that his addition to our team in a senior role will strengthen our pursuit of attractive opportunities in Australia on behalf of our limited partners'.
Carnegie commented: 'I am pleased to be joining Blackstone. It is the world's largest private equity firm, with a global network and a deep bench of investing expertise and talent. Australia presents many attractive opportunities to invest capital for a value-added and committed investor and I am looking forward to help drive this process here'.
Carnegie is a graduate of the University of Melbourne and the Harvard Business School.