Institutional Investors Mandates & RFPs

University of Michigan dips toe into distressed debt pool


The University of Michigan in Ann Arbor has been adding on to its mandate with Blackstone/GSO Capital Solutions Fund, a distressed debt fund that may receive additional assets.

The $6.6 billion endowment fund committed another $20 million to Blackstone/GSO fund after an initial funding of $50 million to a prior GSO-sponsored offering. The $3 billion distressed fund focuses primarily on providing privately negotiated capital solutions to companies in need of liquidity or capital structure transformation due to debt maturities, cyclical downturns in their businesses or other funding requirements. Blackstone/GSO also invests in publicly