Wednesday, 1 April 2015
Last updated 2 hours ago
Sep 6 2013 | 4:10am ET
The Blackstone Group's credit hedge-fund arm has raised $5 billion for its second distressed-lending fund.
GSO Capital Partners' Capital Solutions Fund II was oversubscribed, Blackstone said in a statement this week. It will provide financing to companies facing liquidity issues or seeking help to exit bankruptcy.
The new fund's investors include a variety of institutional clients.
"We are very appreciative of the significant investor demand for our second capital solutions fund," GSO co-founder Tripp Smith said. "A fund of this size uniquely positions GSO as one of few firms that can provide companies in the U.S. and Europe with large commitments to solve their balance sheet and liquidity challenges."
GSO's first "rescue-financing" fund raised $3.25 billion in 2010.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…