GSO Announces Opening of San Francisco and Toronto Offices
March 11 2019 - 8:45AM
Business Wire
Blackstone (NYSE:BX) today announced that its global credit
platform, GSO Capital Partners (GSO), is further expanding its
North American origination effort to include two new office
locations in San Francisco and Toronto.
GSO currently has offices in New York, London, Dublin, Houston,
Frankfurt and Southern California. The new offices will provide
regional presence to strengthen existing relationships and expand
GSO’s ability to reach new customers in two important North
American markets.
Dwight Scott, President of GSO, said “With a growing capital
base and increasing origination activity across North America,
these new offices are a logical extension of our presence and a
testimony to the confidence we have in our growing team as well as
in the opportunities in these major markets. This expansion
represents GSO’s continued commitment to consistently meeting the
needs of our clients and driving deal flow for our investors.”
The offices are expected to open in the first half of 2019.
Ferdinand Niederhofer has been tapped to lead coverage out of GSO’s
San Francisco office while Michael Carruthers will focus on Canada
and the Midwest. Bill Hobbs will lead GSO’s efforts in the
Southeast, and will continue to be based out of the firm’s New York
office.
“We now have over 100 talented individuals across our private
lending practice and we are fortunate to have highly experienced
leaders like Ferdinand, Mike and Bill, along with our teams in New
York and Houston, who can support us in further meeting the growing
needs of our clients,” added Scott.
About Blackstone
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with $472 billion in assets under management, include
investment vehicles focused on private equity, real estate, public
debt and equity, non-investment grade credit, real assets and
secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
About Blackstone GSO
GSO Capital Partners LP is the global credit investment platform
of Blackstone. With approximately $128 billion of assets under
management, GSO is one of the largest alternative managers in the
world focused on the leveraged-finance, or non-investment grade
related, marketplace. GSO seeks to generate attractive
risk-adjusted returns in its business by investing in a broad array
of strategies including mezzanine debt, distressed investing,
leveraged loans and other special-situation strategies. Its funds
are major providers of credit for small and middle-market companies
and they also advance rescue financing to help distressed
companies.
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