Blackstone Global Co-Head of Real Estate McCarthy to Leave Firm

Blackstone Inc.’s Kathleen McCarthy, who helped lead the firm’s $320 billion real estate business, will leave the company after 15 years at the alternative asset manager.

McCarthy, 47, the global co-head of Blackstone Real Estate, is stepping down by the end of the year to explore new opportunities, according to the company. Nadeem Meghji, 45, who has been co-head of the real estate operation alongside McCarthy, will become the sole head of the business.

Kathleen McCarthy at Bloomberg’s Women, Money and Power conference in London on Oct. 1.

Photographer: Betty Laura Zapata/Bloomberg

McCarthy’s role helping to steer the real estate operation put her in an important position at Blackstone, which has $320 billion of ...