Blackstone buys debt financing firm GSO

Fri Jan 11, 2008

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 (CDO) vehicles.

The acquisition is expected to conclude...

ISSN: 2151-1845 / CDC10004H

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