GSO Plans Asia Business, Hires JPMorgan Exec.

Jun 9 2008 | 10:49am ET

GSO Capital Partners, the leveraged finance hedge fund bought by the Blackstone Group in January, has hired a JPMorgan Chase executive to lead its new credit business in Asia.

Tim Donahue will join GSO in late August or September, according to Bloomberg News. He will serve as head of Asia credit investments, based in Hong Kong, after nine years with JPMorgan.

New York-based GSO, which manages $10 billion, is starting an Asia-Pacific fixed-income business, focusing on high-yield, mezzanine, distressed, equity-linking and leveraged debt. It will employ both public and private transactions, Bloomberg reports.

Blackstone agreed to pay as much as $910 million for GSO, founded by former Credit Suisse alternative capital chief Bennett Goodman three years ago. Donahue will report directly to Goodman, who now serves on Blackstone’s executive committee.

The Hong Kong office of GSO is the firm’s fifth—after New York, London, Los Angeles and Houston—and its first in Asia.

RELATED STORIES

Blackstone Buys Credit Hedge Fund, Plans Share Buyback


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of