Alphabet CFO Ruth Porat. Photo credit: World Economic Forum / Faruk Pinjo, under Creative Commons license

Private equity giant Blackstone has added a new board member by the name of Ruth Porat, who is best known for being the chief financial officer of Google-parent Alphabet. Porat has a notable relationship with Blackstone going back to her days as an executive at investment banking firm Morgan Stanley. At Morgan Stanley, where she eventually became CFO, Porat helped take Blackstone public. She spent 27 years at Morgan Stanley before joining Google as CFO in May 2015. Following the creation of Google-parent Alphabet, she was appointed as the chief financial officer of the entity.

“I first worked closely with Ruth during Blackstone’s IPO and greatly admire her talent and judgment. She possesses a deep understanding of the financial services industry from her years on Wall Street and has had a front row seat in Silicon Valley to the technological revolution that is sweeping the world. Her unique perspective will be a tremendous asset to Blackstone’s board.” Blackstone’s famed Chairman and CEO, Stephen Schwarzman, said in a statement that announced Porat’s appointment.

Blackstone is the world’s biggest alternative investment asset management firm, with north of $500 billion of assets under management. The New York-based firm is a big investor in the technology world, its most recent bet in the area being the acquisition of a majority stake in online dating company MagicLab.