Wednesday, 27 August 2014
Last updated 12 min ago
Mar 4 2008 | 10:09am ET
The Blackstone Group yesterday closed the acquisition of GSO Capital Partners and its affiliates for $635 million, with as much as $310 million to be paid over the next five years, contingent on specified earnings targets.
GSO specializes in the leveraged finance marketplace and currently manages approximately $10 billion in assets. It runs a multi-strategy credit hedge fund, a mezzanine fund, a senior debt fund and various collateral loan obligation vehicles.
On the private equity front, Blackstone has hired Gerry Murphy as a senior managing director in London. Murphy will focus principally on supporting Blackstone’s portfolio companies across Europe and Asia.
Before joining Blackstone, Murphy spent five years as CEO of British retail group Kingfisher, where he was responsible for the de-merger of KESA Electricals and the integration of Castorama into the group.
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 ...