GSO Capital Partners' Second Energy Select Opportunities Fund Strategy Closes on $4.5 Billion in LP Commitments
June 14 2019 - 10:01AM
Business Wire
GSO Capital Partners, Blackstone’s (NYSE: BX) credit platform,
today announced the final closing of the GSO Energy Select
Opportunities Fund II strategy (“the Fund”), at $4.5 billion. With
strong support from both existing and new investors, the Fund is
among the largest dedicated energy-focused credit funds in the
market. GSO sourced commitments from a global investor base,
including U.S. state, corporate and international pension funds,
financial institutions, endowments, foundations and family
offices.
The Fund will leverage GSO’s scale, flexible capital base,
strong brand and structuring expertise to capitalize on a favorable
investing environment for our energy strategy. GSO has had a strong
presence in the energy markets since 2005, committing approximately
$13 billion in privately originated transactions.
Rob Horn, Senior Managing Director and Co-Head of GSO Energy,
said “We greatly appreciate the support from all of our investors
in the Fund. A fund of this size uniquely positions GSO to provide
much needed capital to the energy industry.”
Michael Zawadzki, Senior Managing Director and Co-Head of GSO
Energy added, “We look forward to furthering our reputation as a
partner of choice in the energy market and helping companies
achieve their business and financing objectives.”
About GSO Capital Partners
GSO is one of the world’s largest credit-oriented alternative
asset managers with approximately $115 billion in total assets
under management as of March 31, 2019. GSO’s team of approximately
355 professionals constitutes one of the largest in the industry,
with a deep reservoir of credit expertise and experience across a
range of market cycles, further enhanced by access to Blackstone’s
global resources and perspective.1 GSO’s scale and expertise allow
it to provide financing solutions that enhance a corporation’s
financial flexibility, while capturing opportunities for
investors.
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 approximately $512 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.
________________________
1 Subject to the Firm’s policies and procedures regarding
cross-wall communications and the management of conflicts of
interest.
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