Gso Capital Partners (GSO), Blackstone’s credit investment platform, has announced a significant expansion of its North American origination efforts with the establishment of new offices in San Francisco and Toronto. This strategic move underscores GSO Capital Partners’ commitment to strengthening client relationships and tapping into key North American markets.
Building upon its existing presence in New York, London, Dublin, Houston, Frankfurt, and Southern California, GSO Capital Partners’ latest expansion reflects the firm’s growing capital base and increased origination activity across North America. The new locations in San Francisco and Toronto will provide a crucial regional foothold, enhancing GSO’s ability to both nurture current partnerships and cultivate new customer relationships within these vital economic hubs.
Dwight Scott, President of GSO Capital Partners, emphasized the rationale behind this expansion, stating, “With a growing capital base and increasing origination activity across North America, these new offices are a logical extension of our presence and a testimony to the confidence we have in our growing team as well as in the opportunities in these major markets. This expansion represents GSO’s continued commitment to consistently meeting the needs of our clients and driving deal flow for our investors.”
The San Francisco and Toronto offices are slated to open in the first half of 2019. Ferdinand Niederhofer has been appointed to spearhead coverage from the San Francisco office, focusing on the West Coast market. Simultaneously, Michael Carruthers will lead efforts in Canada and the Midwest from the Toronto location. Furthermore, Bill Hobbs will continue to direct GSO Capital Partners’ initiatives in the Southeast from the firm’s New York base.
“We now have over 100 talented individuals across our private lending practice and we are fortunate to have highly experienced leaders like Ferdinand, Mike and Bill, along with our teams in New York and Houston, who can support us in further meeting the growing needs of our clients,” Scott further commented, highlighting the depth of expertise within GSO Capital Partners.
About Blackstone
Blackstone, the parent company of GSO Capital Partners, stands as a preeminent global investment firm. With a mission to generate positive economic impact and long-term value, Blackstone leverages exceptional talent and flexible capital to assist companies in overcoming complex challenges. Blackstone’s diverse asset management portfolio, totaling $472 billion in assets under management, encompasses investment vehicles across private equity, real estate, public debt and equity, non-investment grade credit, real assets, and secondary funds, operating on a global scale. For more detailed information, please visit www.blackstone.com. Stay updated with Blackstone’s activities by following them on Twitter @Blackstone.
About GSO Capital Partners
GSO Capital Partners LP, the global credit investment arm of Blackstone, manages approximately $128 billion in assets. As one of the world’s largest alternative managers concentrating on the leveraged-finance and non-investment grade marketplace, GSO Capital Partners aims to deliver attractive risk-adjusted returns through investments in various strategies. These include mezzanine debt, distressed investing, leveraged loans, and other special-situation strategies. GSO funds are significant credit providers for small and middle-market companies and are also involved in providing rescue financing to support distressed businesses.
Contacts
Blackstone
Paula Chirhart
212-583-5011
[[email protected]](mailto:[email protected])
