GSO Capital Partners Becomes Blackstone Credit
Blackstone announced today that GSO Capital Partners, our global credit business, is changing its name to Blackstone Credit.
When Blackstone first acquired GSO in 2008, the group had $9.6 billion in assets under management and fewer than 150 employees. As part of Blackstone, it has become one of the world’s largest credit-oriented asset managers, with $135 billion in AUM and a 350+ person team. Its strategies cover almost the entire corporate credit market, with leading positions in both liquid and private markets. Importantly, Blackstone Credit’s rapidly growing structured products activities illustrate the continued expansion of the business within the Blackstone family.
Since the beginning, the group’s capital has supported a wide range of companies, enabling businesses to expand, invest and navigate changing market environments. Being a part of Blackstone has helped the team grow and evolve by tapping into the firm’s deep intellectual capital, broad resources and global deal flow. Blackstone Credit has been integral to executing large and complex investments on behalf of our limited partners, including recent transactions like Alnylam and Altus.
Rebranding demonstrates what our investors have known for years: Blackstone Credit is core to the firm’s global platform. “This name change reflects what has already happened in our business. Clients and issuers see us as part of Blackstone,” said Global Head of Blackstone Credit Dwight Scott. “We look forward to continuing to bring the full resources of the firm to serve our investors.”
Watch the video to learn more about Blackstone Credit and collaboration across the firm’s businesses.