Blackstone related stories
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Former GSO, KKR execs start credit firmDoug Ostrover, one of the founders of GSO Capital Partners, and Marc Lipschultz, KKR’s head of energy and infrastructure, are launching Owl Rock Capital to invest in private loans. The duo are raising a private fund and setting up a BDC.
- New Jersey pledges $100m to Blackstone RE fund
Blackstone’s BREDS vehicle recently reached a first close of $1.3bn and has been collecting money from large institutional investors in the US.
- Market headwinds hit GSO returns
Performance for all three of GSO’s alternative credit strategies fell in Q4 as energy pricing, credit turbulence and the year-end equity sell-off took their toll.
- GSO partners with Rivington on small upstream loans
The Blackstone-controlled credit firm has formed a tie-up with Rivington Securities, a Houston-based broker-dealer, to source sub-$100m loan transactions in the upstream energy sector.
- Franklin Square launches FSIC IV
The fourth BDC from the Franklin Square and GSO partnership has launched with an offering of 250 million common stock units.
- PDI 2015 Awards: closely run contest
Voting closes for the Private Debt Investor Awards 2015 on Friday. Results so far show that there is still everything to play for across three regions, with many nominees in a neck-and-neck race to the finish line.
- Angelo, Gordon co-founder dies
John Angelo, who co-founded his eponymous firm with Michael Gordon in 1988, died at 74 after a long battle with cancer.
- Franklin and GSO lead $410m loan for Pittsburgh Glass
The unitranche loan backing a dividend recap for Pittsburgh Glass Works was split into first out and last out pieces and syndicated to different lenders.
- FSIC backs healthcare payment company merger
The Franklin Square/GSO BDCs have provided $260m in senior financing towards New Mountain Capital’s purchase of Trover Solutions, and its merger with Equian.
- GSO aims for mezz fund launch in the new year – exclusive
The Blackstone-owned credit firm is in the pre-marketing stage for its GSO Capital Opportunities Fund III and expects to formally launch it in the beginning of 2016.