Joan Solotar
The Architect
Structured and legacy-driven; builds the systems and institutions that last.
Joan Solotar exemplifies The Architect in how she built Blackstone's private wealth channel as a fully integrated, end-to-end enterprise rather than a distribution function. Her own framing, importing strategic thinking to engineer a scalable global business from scratch, betrays a builder's instinct where others would settle for a manager's.
“So this is the advice that I've given my own adult children and I give to their friends and anyone I speak to, which is when choosing not a job, think about the skill set that you want to acquire, make sure you're going to a place where you could really learn where you think it's a quality firm and you're going to learn from quality peopl…”
“One of the, we call them principles like partners came into my office and said, hey, you know, I'm going to this dinner tonight for principals, and you really should be there, but you need to tell people that becoming a principals is important to you. And that just never occurred to me.”
“And that certainly helps the return. But I would say really importantly, we always think about when we're underwriting what will the next buyer have to borrow at to make it work. You don't want to get lulled into this false sense of complacency where you're like, oh, I could borrow for nothing.”
“So we've really taken a holistic approach both for our own company as well as the companies that we own inside our various funds. And to start with the environmental, even going back many years now, we looked at efficiency around energy and water, et cetera.”
Masters in Business: “Joan Solotar on Private Equity Funds (Podcast)”
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