GSO Capital Partners’ Second Energy Select Opportunities Fund Strategy Closes on $4.5 Billion in LP Commitments

New York, June 14, 2019: 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 Follow Blackstone on Twitter @Blackstone.

Public Affairs
New York

[1]Subject to the Firm’s policies and procedures regarding cross-wall communications and the management of conflicts of interest.