Steve Singh, founder of travel and expense management company Concur, Durable Capital Partners, an investment adviser, Madrona Venture Group, a venture capital firm, Top Tier Capital Partners, an investment manager, and Blackstone Credit, a credit investment arm, completed the acquisition of Direct Travel, a travel management company. Financial terms were not disclosed. “Over the past few years, our investment group has sought out companies that are re- inventing key elements of the travel ecosystem with a goal of delivering a dramatically better value proposition to business travelers, the companies they work for, and the travel providers that serve them. Spotnana, Center and Troop are re-inventing and dramatically improving core elements of the travel technology stack. Direct Travel sets the bar for customer experience. We are delighted to invest in and partner deeply with what we believe will be the market leading travel management company. We are honored to serve thousands of clients across North America and the EU, ranging in size from thriving middle market businesses to some of the largest companies in the world. We will invest to meet our customer’s current needs, grow our customer base in each of the markets we serve, methodically expand the number of markets we serve, and the breadth of products we deliver to our clients," Steve Singh, Direct Travel Executive Chairman.