Credit
We are one of the world’s largest credit-oriented asset managers, with a focus on delivering capital preservation and attractive risk-adjusted returns for our clients regardless of market conditions.
$145B
Assets Under Management*
$26B
In Dry Powder
1,000+
Credits Covered
WHAT WE DO
We invest in public and private corporate credit instruments across multiple strategies.
Team
Our business, established in 2005 as GSO Capital Partners, has a deep reservoir of credit and industry expertise across the entire range of market cycles. Our senior investment professionals have an average of 21 years of industry experience.
Scale
Scale allows us to provide financing solutions that enhance a corporation’s financial flexibility, while capturing opportunities our investors might have otherwise missed. Our capital has supported a wide range of companies, enabling businesses to expand, invest, and navigate changing market environments.
Solutions
The solutions we offer are not often available elsewhere in the credit markets. Their breadth is our competitive advantage – drawing upon a wide range of disciplines, including loans, high yield and investment grade bonds, structured credit, mezzanine lending and rescue financing.
Our Strategies
Our activities range from investing in public debt that offers attractive risk-adjusted returns to providing private capital to companies. This allows us to maximize potential in various market conditions, and in times of both stability and volatility.
Loans, High Yield and Investment Grade Bonds
Our U.S. and European loan, high yield and investment grade bond strategies rely on bottom-up fundamental analysis and investing discipline. Given our scale as one of the largest CLO managers in the world, we are also able to source differentiated investments and commit capital in size.
Systematic Strategies
Through our 2020 acquisition of DCI, a pioneer in deploying a technology-enabled, fundamental based, systematic approach to credit investing, we manage additional strategies across global investment grade, high yield, and emerging corporate credit markets. We can now offer a full range of fundamental discretionary and systematic credit solutions to our clients and believe the combination of these fundamental based approaches further strengthens and differentiates our credit investment capabilities.
CLO Investing
We have a dedicated global CLO investing team that utilizes both proprietary technology and the expertise of our large credit research team to invest in primary and secondary CLO opportunities. The team evaluates all parts of the CLO capital structure, from investment grade notes to equity, across many different managers in the U.S. and Europe to seek the best risk adjusted returns for investors.
Direct Lending
We provide privately originated, senior secured, floating rate loans to U.S. and European middle market companies. We partner with these firms and their sponsors to understand their businesses, address their challenges and support their long-term strategies.
Mezzanine
Our mezzanine business has a flexible mandate that provides privately negotiated capital to companies in connection with leveraged buyouts, acquisitions, recapitalizations and growth financings. Our expertise in these areas helps companies navigate change while generating attractive returns for our investors.
Stressed / Distressed Debt
We partner with stressed and distressed companies, both public and private, to solve balance sheet problems. Our rigorous investing approach is designed to preserve principal while offering flexible capital solutions where they are needed most.
Energy
Deep industry expertise underpins our energy business, which provides capital solutions for performing and distressed energy companies. By operating across the capital structure, we can respond quickly and creatively to companies’ needs.
Note: All figures as of December 31, 2020, unless otherwise indicated.
*Figure reflects the AUM only of the Blackstone Credit business. This figure does not include the AUM of Harvest Fund Advisors and Blackstone Insurance Solutions, which are included in Blackstone’s publicly reported Credit and Insurance segment AUM.
“Our capital enables transactions of all sizes, helps stabilize viable businesses and allows companies to grow while producing attractive returns for our investors.”
DWIGHT SCOTTGLOBAL HEAD OF CREDIT
Our Portfolio
We seek to make companies stronger by providing capital when other funding is unavailable or where our expertise and scale enable uniquely flexible capital solutions.
Laird
We supported the public-to-private takeover of Laird plc, an industrial business headquartered in the U.K. Laird designs, manufactures and assembles products that protect electronics from electromagnetic interference and heat, and enable connectivity in wireless applications and antenna systems. The company maintains leading market positions in each high-margin, niche electronics business in which it operates. Our ability to work quickly to negotiate, document and put in place a flexible structure enabled the timely execution of this 2018 transaction.
Diebold
Diebold Nixdorf is an end-to-end provider of services, software and hardware for ATMs and electronic point-of-sale systems in the financial and retail industries. Diebold manages over two million ATMs and electronic point-of-sale systems in 130 countries across EMEA, the Americas and Asia Pacific. Under a compressed timeline, we were able to leverage its previous investments in the space and its strong industry relationships to provide a partial backstop and make a large investment in Diebold in 2018.
Altus Power America
We led an $850 million recapitalization in early 2020 of Altus Power, a market-leading solar power company that provides clean electricity to clients across the United States. The recapitalization included one of the first privately rated investment-grade financings comprised solely of commercial and industrial scale distributed solar assets. Our partnership with Altus will enable the company to meet growing demand for low-cost, renewable energy in North America.