Blackstone related stories
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Blackstone Tactical Opps II raises $3.7bnThe second tactical opportunities platform from Blackstone has received commitments from CalPERS and Florida State Board of Administration, among others.
- Franklin Square forms PE operating company – exclusive
Franklin Square Capital Partners has teamed up with One Equity Partners to form an operating company that will invest in mid-market private businesses.
- FSIC defends its energy exposure
The BDC, which has about 9 percent of its portfolio in energy, detailed its largest positions and mark-downs in the fourth quarter of last year. Management argued that the companies have cut spending and sourced equity infusions to remain on a sound footing.
- LaSalle beefs up debt investment team
The firm has almost fully invested two debt funds and has mad the hires after several senior departures last year. Mike Pashley joins from Ares while Ali Imraan comes from RBS.
- Texas Muni plots $600m in PE investment, commits to GSO
The pension fund has set its annual pacing plan to private equity investments and tapped GSO’s mezzanine fund for a $75m mandate.
- Aussie miner backs GSO debt and equity rescue
The credit firm and Arrium have agreed an exclusivity period after GSO offered to pour almost $1 billion into the miner.
- Government decree paves way for direct lending in Italy
New rules will make it possible for international debt managers to originate loans for Italian companies and real estate investments, and result in cheaper deals for borrowers.
- Centerbridge raising $5bn distressed fund – exclusive
Centerbridge Special Credit Partners III is gathering money from LPs and will have a 25/75 percent split for a regular and “flex” account.
- Blackstone establishing new US CLO risk retention vehicle
The US alternative assets manager is establishing a US equivalent to its European loan originator vehicle and is seeking a mandate from shareholders in Blackstone / GSO Loan Financing to invest into the new US-focused CLO risk retention unit.
- Goldman banker heads to Owl Rock
Goldman Sachs’ co-head of leveraged finance is joining the new lending firm, as Goldman combines its leveraged and structured finance businesses.