TPG Capital has reportedly hired Douglas Paolillo from The Blackstone Group, putting him at the helm of a new group managing collateralized loan obligations. Mr. Paolillo had been a managing director of GSO Capital Partners, Blackstone's credit business. Reports indicate he will be based out of New York in his new position. After joining Blackstone in 2002, Mr. Paolillo helped develop the firm's Corporate Debt Group and build its portfolio of primary and secondary fixed income investments across multiple industries. He has also served with CIBC World Markets and Chase Manhattan Bank. Headquartered in Fort Worth, TX, TPG Capital is a global private investment firm that invests in private equity, venture capital, public equity, and debt.