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Blackstone hires Ravi Ramanan05/03/2007. Source: AltAssets. 
 Ravi Ramanan has joined Blackstone's private equity group as executive director. Ramanan will work with the firm's portfolio companies to enhance value.
Previously he was senior vice-president, functional excellence, at Solectron Corporation. Prior to that, he held several staff and management positions at General Electric. Ramanan is a certified Black Belt and Master Black Belt in Six Sigma.
James Quella, senior managing director, said, 'As we increase the focus on assisting our portfolio company management teams improve operational performance and create productivity through continuous improvement initiatives, we are delighted to add Ravi's experience and capabilities to the Blackstone team. His extensive experience in implementing lean/six sigma initiatives in complex, international organisations across a number of industry sectors will be an invaluable asset to our team. Having Ravi's leadership and implementation capabilities is essential for us as the size and depth of Blackstone's acquisitions grow.'
Blackstone has raised approximately $70bn for alternative asset investing since its formation in 1985, of which over $30bn has been for private equity investing. The Group's other core businesses include private real estate investing, corporate debt investing, hedge funds, mutual fund management, private placement, marketable alternative asset management, and investment banking advisory services.
Recently Blackstone agreed to acquire Pinnacle Foods Group, a manufacturer, marketer and distributor of branded food products in the US and Canada, for approximately $2.16bn in cash.
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