Tuesday, 31 March 2015
Last updated 4 hours 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.
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…