By Chibuike Oguh

(Reuters) – Hunter Point Capital was founded by Bennett Goodman. It is a private equity company that also manages Blackstone’s credit arm GSO Capital Partners.

According to sources, Melvin Hibberd will join Hunter Point Capital beginning in January 2019. He previously served as a manager at Blackstone’s Strategic Capital Holdings, which acquires shares in other asset managers.

Hibberd was one of a number of Blackstone executives who left the legendary private equity firm’s hedge-fund unit, Blackstone Alternative Asset Management unit.

Hunter Point Capital representatives did not respond immediately to our request for comment.

John McCormick (NYSE:), the co-head of BAAM, last week notified Blackstone of his plans to leave https://www.reuters.com/business/finance/blackstones-co-head-hedge-fund-unit-mccormick-leave-firm-sources-2021-10-25 the firm in the coming months, sources told Reuters.

McCormick’s exit follows the similar departure of Scott Soussa who was a BAAM former co-head and left the firm in March. Scott will join Angelo Gordon as an investor.

Hibberd collaborated with Marc Pillemer (also from Blackstone) and Rob Zassman (also from Blackstone).

Blackstone declined to comment.

Goodman was also on the Blackstone Board before his retirement in 2019. He founded Hunter Point Capital in 2018 to purchase stakes in private equity firms. Blackstone’s Strategic Capital Holdings is directly rivaled by his firm.