John Cashwell and Eric Storch to Join GSO Capital’s Customized Credit Strategies Group
August 03 2010 - 8:30AM
Business Wire
GSO Capital Partners LP, the credit arm of The Blackstone Group
(NYSE: BX), today announced that John Cashwell and Eric Storch have
joined GSO as Managing Directors and Co-Heads of Institutional
Marketing for GSO’s Customized Credit Strategies Group. They will
lead an effort to expand GSO’s already large presence in long-only
credit products for institutional investors through both commingled
funds and separately managed accounts. Mr Cashwell and Mr Storch
join from Seix Investment Advisers.
Commenting on the appointments, Bennett Goodman, Senior Managing
Director and Co-Founder of GSO, said: “We welcome John and Eric to
our platform. They will help us deliver investment solutions that
meet our clients’ needs.”
About GSO Capital Partners
GSO Capital Partners, with approximately $29 billion of assets
under management, is one of the largest credit-oriented 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 Blackstone
Blackstone is one of the world’s leading investment and advisory
firms. We seek to create positive economic impact and long-term
value for our investors, the companies we invest in, the companies
we advise and the broader global economy. We do this through the
commitment of our extraordinary people and flexible capital. Our
alternative asset management businesses include the management of
private equity funds, real estate funds, funds of hedge funds,
credit-oriented funds and closed-end mutual funds. The Blackstone
Group also provides various financial advisory services, including
financial and strategic advisory, restructuring and reorganization
advisory and fund placement services. Further information is
available at www.blackstone.com
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