In the current private equity financing drought, Blackstone
Group has bought itself a reservoir with the purchase of GSO
Capital Partners, a New York-based firm that finances buyouts,
among other endeavors.
GSO, an alternative asset manager specializing in leveraged
finance, manages approximately $10 billion, which is deployed
in a multistrategy credit hedge fund, a mezzanine fund, a
senior debt fund, and various collateralized debt obligation
The acquisition is expected to conclude...