Blackstone related stories
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New GSO BDC prepares for take-off in second quarterThe credit investing behemoth ceased providing investment advice to the FS BDCs earlier this month, but the firm believes it will replace that capital within the next few years.
GSO raising $5bn for North American energy creditsThe alternative credit behemoth is coming off a monster fundraise for its third rescue lending fund that locked down $7bn.
Fundraising boom continues in Q1The limited partner demand that made 2017 a record-breaking year for private debt capital raising appears to have carried on into 2018.
FS and KKR BDC partnership: Portfolio churn fears and discountsThe new arrangement is all but complete, with the shareholders of all requisite BDCs signing off on the marriage. An upside in their stock price, however, has been outweighed by other factors.
Blackstone fund picks up PAG minority stakeBlackstone’s Strategic Capital Group, part of the industry giant’s hedge fund solution group, has acquired a minority stake in PAG, the Asian fund manager.
Putting the heat back in real estate CLOsAs investor appetite for securitisation grows, commercial real estate CLOs – rarely seen since the Crisis – are in fashion again.
GSO’s Tripp Smith set to departThe New York-based credit manager promoted the former head of its energy debt platform, Dwight Scott, to president in June as part of the firm’s succession plan.
GSO surpasses $7bn for distressed fundLimited partners committed record amounts to distressed debt and special situations in 2017.
More winners than everOur 2017 awards indicate an asset class brimming with confidence and continuing to diversify.
- Second lien lenders may recover less than 9% in energy Chapter 11 cases
Ascent Resources Marcellus Holdings and Fieldwood Energy sought court protection with less than a week and a half of each other.