Thursday, 28 August 2014
Last updated 8 hours ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...