Blackstone Credit & Insurance (BXCI), a business unit of Blackstone, has announced the appointment of Kimberly Kim (pictured) as senior managing director and head of APAC insurance institutional client solutions.
The role, newly established within the organisation, is intended to support BXCI’s ongoing growth strategy in the Asia-Pacific insurance sector.
Kim, who has more than 20 years of experience in the region’s insurance industry, previously led financial institutions coverage for APAC at BlackRock.
Her arrival at Blackstone is expected to help the firm deepen its relationships with insurance clients and further develop its offerings for insurers in Asia-Pacific.
Tyler Dickson, global head of client relations for BXCI, said Kim’s leadership will be important as BXCI grows its footprint throughout Asia-Pacific.
“She adds to Blackstone’s deep bench of talent in the region, which has been a key driver of our differentiation and success for more than two decades,” he said.
Philip Sherrill, global head of insurance for BXCI, said bringing Kim on board demonstrates the company’s focus on expanding its insurance platform and strengthening connections with clients across Asia-Pacific.
“Building our international insurance capabilities is a key pillar of our BXCI strategy. We see a significant opportunity to serve more of this important client base in the region, delivering value for insurers and their underlying policyholders,” he said.
BXCI currently manages more than US$250 billion in insurance client capital, spanning private and liquid credit strategies, and oversees US$484 billion in corporate and real estate credit assets.
The firm reports a 20% year-over-year increase in insurance capital under management, and it continues to expand its APAC presence through new deals and regional hiring.
Over the past three years, BXCI has participated in over 20 transactions in Asia-Pacific and has increased its workforce in key cities including Sydney, Tokyo, Hong Kong, and Singapore.
The company’s investment activities cover a broad range of credit markets, such as asset-based lending, infrastructure debt, and direct lending.
BXCI also provides investment management services to insurance companies, aiming to support their policyholder obligations through investment grade private credit.
In a separate development, BXCI and Aligned Data Centers have expanded their financing partnership, with BXCI’s total commitments to Aligned now surpassing US$1 billion.
The increased facility, managed by BXCI’s Infrastructure & Asset Based Credit Group, is designed to support Aligned’s growth and the development of more than 5 gigawatts of future capacity across the Americas.
The financing is intended to address rising demand for infrastructure that can support artificial intelligence, cloud computing, and enterprise workloads.
