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Blackstone Infrastructure Partners Has Hired Wallace Henderson


Mar. 28 2018, Updated 10:30 a.m. ET

New addition

Blackstone (BX) Infrastructure Partners has hired Wallace Henderson, who will be its senior managing director. He will be overseeing midstream infrastructure investments. Previously, Henderson was the head of midstream, managing director, and executive committee member of EIG Global Energy Partners.

Blackstone Infrastructure Partners also hired Sebastien Sherman, who will be its senior managing director, overseeing the company’s renewables, utility, and transportation sectors. Prior to this, Sherman was working for OMERS Infrastructure Management where he oversaw infrastructure portfolio companies in South America and North America.

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Favorable views

According to Blackstone Infrastructure Partners management, the new additions will be a valuable addition since both of them have extensive experience that’s in line with the company’s infrastructure subsectors.

In the previous year, the company hired Steve Bolze as senior managing director. He currently heads up asset management and portfolio operations. Prior to that, he was working for General Electric.

Blackstone has an enterprise value-to-revenue ratio on an LTM (last-12-month) basis of 8.36x. Its peers Brookfield Asset Management (BAM), KKR & Co. (KKR), and CBRE Group (CBG) have ratios of 4.98x, 15.10x, and 1.29x, respectively, on an LTM basis.


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