Blackstone is a major alternative asset manager operating globally across private equity, real estate, infrastructure, and credit strategies. The firm deploys flexible capital and industry expertise to help growing businesses solve complex problems.
Matt brings public affairs and communications experience from roles at Blackstone, the US Department of the Treasury, and New York State government bodies.
Qasim brings extensive investment banking and asset management experience, having held senior roles at Citigroup, UBS, and Trafalgar Asset Managers before joining The Blackstone Group as a senior managing director.
The funding round was led by Blackstone Innovation Investments to accelerate the platform's expansion.
"The growing requirement by Private Capital firms to have the highest efficiencies, while dealing with complexity in an agile manner is becoming more of a prerequisite for staying ahead in the market. Firms are looking for ways to deliver efficient, accurate content to clients with the goal to ultimately provide the highest level of client service in a timely manner. There is no longer the leeway to process calculations outside of systems, manually post multiple transactions, or run separate solutions for the end-to-end accounting and middle office."
— Jamie Nascimento, Co-Founder and Chief Commercial Officer
The funding round was led by Blackstone with participation from Fairfax Financial Holdings.
"Matthew, Mark and the rest of the Ki team have created a unique opportunity in Lloyd’s to revolutionise the market and we are excited to be a part of this, in partnership with Fairfax. Ki’s first-of-its-kind digital model will deliver a unique advantage to its’ business partners which we believe will enable it to build to significant scale, while its algorithmically-driven approach represents an important evolution in the portfolio management of specialty risks."
