GSO Capital Overview

GSO Capital Partners LP is a leading credit-oriented alternative asset manager with approximately $25.2 billion of assets under management as of June 30, 2008. GSO manages senior debt funds, hedge funds and mezzanine funds focused on the leveraged finance marketplace.

GSO was founded in 2005 by Bennett Goodman, Tripp Smith and Doug Ostrover. Prior to forming GSO, the founders built and ran the Leveraged Finance businesses at Donaldson, Lufkin & Jenrette and Credit Suisse. Under their direction, DLJ and Credit Suisse held the leading market share in underwriting high yield securities for more than ten consecutive years. The founders were also responsible for managing the activities of Credit Suisse’s Alternative Capital Division with over $30 billion in private equity, mezzanine, real estate and hedge fund assets.  Today, GSO has over 160 employees with offices in New York, London, Los Angeles, Houston, and Hong Kong.

GSO was acquired by The Blackstone Group L.P. in March 2008, following which Blackstone's debt investment businesses were combined with GSO's operations.  GSO's business will be enhanced by the many benefits of being part of Blackstone's global investment management and financial advisory operations.

Investment Approach

GSO seeks to generate superior risk-adjusted returns by investing in a broad array of public and private securities across multiple investment strategies.  Key areas of focus include leveraged loans, distressed investments, special situations, capital structure arbitrage, relative value, mezzanine securities and private equity.  The investment strategy revolves around a disciplined credit review process and is based on the belief that deep understanding of companies and the industries in which they operate is critical to generating positive total returns.  GSO aims to minimize downside risk and protect principal by maintaining a diversified portfolio, performing intensive credit research and actively monitoring all investments.  The team’s substantial experience in leveraged finance, coupled with its deep relationships with private equity firms, high yield issuers and others in the investment community, provides GSO with a unique ability to source investments on a global basis.  GSO has established a long track record of developing creative, value-added solutions to address a corporation’s capital structure requirements.

The Team

The Senior Managing Directors in our New York office include: Bennett Goodman, Tripp Smith, Doug Ostrover, Dean Criares, James Didden, John Dionne, Salvatore Gentile, Nitin Karnani, Jason New, Matthew Quigley, Louis Salvatore, Daniel H. Smith and Tim White.

Our Houston office is managed by Senior Managing Director, Dwight Scott, and our Los Angeles office is managed by Senior Managing Director, David Posnick. Both our Houston and Los Angeles offices are primarily dedicated to our product sourcing effort.

Our London office is managed by Senior Managing Director, Michael Whitman and is focused on direct sourcing as well as public market trading and research.

If you are an investor, you can contact us via email at: marketing@gsocap.com

If you are a company, please call:
 
Tim White at +1 212 503 2100 or timothy.white@gsocap.com; or
Salvatore Gentile at +1 212 503 2078 or gentile@blackstone.com