Blackstone's GSO Acquires Hedge Fund Harbourmaster

Oct 6 2011 | 12:10pm ET

The Blackstone Group has acquired an €8 billion European leveraged loan hedge fund.

Blackstone's GSO Capital Partners unit will merge its own European platform with that of Dublin-based Harbourmaster Capital, Blackstone said today. The deal, terms of which were not disclosed, makes GSO one of the largest leveraged loan investors in Europe with €11.5 billion in assets.

The newly-combined unit will continue to manage Harbourmaster's funds as well as develop new Europe-focused funds.

"Harbourmaster Capital is widely recognized as a market leader in Europe, an extremely well-managed firm whose investment style and philosophy is completely consistent with ours," GSO co-founder Bennett Goodman said. "By merging our European platforms, we are creating one of the largest alternative managers in Europe, strategically positioning us to capitalize on the growing number of investment opportunities in the European corporate credit markets."

The deal is expected to close early next year.

GSO was itself acquired by Blackstone about three years ago.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note