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Exclusive: Blackstone fundraising director quits

June 10, 2013: 9:47 AM ET

Dionne_John 2008John Dionne stepping down from Blackstone.

FORTUNE -- John Dionne is stepping down as a senior managing director of private equity investor relations and business development for The Blackstone Group, Fortune has learned. He will remain a senior advisor to the firm, while he is expected to be spending most of his time on a new project over at Harvard Business School.

In an internal memo sent to firm employees, Blackstone private equity boss Joe Baratta wrote:

"John has been a great senior leader for the IRBD team and has built strong personal relationships with some of our most important LPs including Calpers, Calsters, GIC and Texas Teachers.  Much of our success in raising BCP VI, which at $16.2 billion, is likely to be the largest post-recession private equity fund raised for many years to come, can be attributed to John's efforts and the advice and guidance he provided the team. John also has played a lead role in raising Blackstone Tactical Opportunities, one of the largest-ever first-time fundraises."

Dionne originally joined Blackstone (BX) as founder and chief investment officer for its distressed securities fund, after having spent several years as a partner with a $1 billion hedge fund that bought debt in companies that were near or in bankruptcy.

He later would become a senior managing director and head of private equity investor relations and business development. He also served as a member of the firm's private equity investment committee, and of the GSO Capital Partners investment committee.

In related news, expect Eric Lisher to transition from the firm's restructuring group to its private equity LP relations team.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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