Blackstone / GSO Capital Solutions Fund Closes
on Over $3.25 Billion
July 13, 2010 08:56 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--GSO Capital Partners LP, the credit business of The Blackstone
Group (NYSE: BX), today announced the final closing of the Blackstone / GSO Capital Solutions Fund (“the
Fund”) with total commitments of over $3.25 billion.
The Fund’s strategy is focused on providing privately negotiated “capital solutions” to companies in need of liquidity
or significant capital structure transformation due to pending covenant violations, debt maturities, cyclical downturns
in their businesses or other funding requirements. The strategy leverages GSO Capital Partners’ distressed, credit
and trading expertise, along with its unique deal origination capabilities. Thus far, the Fund has invested
approximately $600 million in seven different companies.
Bennett Goodman, Senior Managing Director of The Blackstone Group and Co-Founder of GSO Capital Partners
said, “There are many great business franchises facing liquidity issues. We’re delighted to have raised a new fund of
this magnitude to assist mid-market companies with their financing needs.”
Investors in the Fund include a diverse group of domestic and international pension funds, sovereign wealth funds,
endowments, foundations and family offices.
About GSO Capital Partners
GSO Capital Partners, with approximately $29 billion of assets under management, is one of the largest credit-
oriented alternative asset managers in the world and a major participant in the leveraged finance marketplace. GSO
Capital Partners seeks to generate superior risk-adjusted returns in its credit business by investing in a broad array of
public and private instruments across multiple investment strategies. Key areas of focus include mezzanine
investments, distressed situations, credit hedge funds, leveraged loans and other special situation strategies.
About The Blackstone Group
Blackstone is one of the world’s leading