Blackstone loses its IT guru

One of the industry’s leading thinkers in how private equity firms should gather and report portfolio company data has left The Blackstone Group, according to a Wall Street Journal report and confirmed by a source familiar with the matter.

Harry Moseley, who at the time of press is still listed on Blackstone’s website as chief information officer, left the firm in March with no clear intention as to what his next job or project will be, according to the report.

Harry Moseley

Moseley, who joined the firm in 2005, said in the report that his departure was a result of meeting his objectives at Blackstone and that he was ready to move on. Blackstone declined to comment. 
 
One of his legacy achievements will be the development of interactive LP portal BXAcess. The platform allows Blackstone’s investors to not only view their exposure to Blackstone funds and deals across asset classes, geographies and sectors, but also allows limited partners to import data from their other GPs.

An increasing number of private equity firms are hiring chief information officers, or roles similar to that function, to transition from Excel-based reporting systems to interactive web portals. Fund managers say the new technology allows them to more effortlessly meet information requests from LPs and increasingly so regulators.

Moseley said in a past interview with PE Manager that the BXAcess system worked so well that several GPs approached the New York-based firm interested in licensing the product. As a result, Blackstone created the technology spin-out iLevel Solutions in 2010.