NEW YORK–(BUSINESS WIRE)–GSO Capital Partners, Blackstone’s (NYSE: BX) credit platform, today
announced the final closing of the GSO Energy Select Opportunities Fund
II strategy (“the Fund”), at $4.5 billion. With strong support from both
existing and new investors, the Fund is among the largest dedicated
energy-focused credit funds in the market. GSO sourced commitments from
a global investor base, including U.S. state, corporate and
international pension funds, financial institutions, endowments,
foundations and family offices.
The Fund will leverage GSO’s scale, flexible capital base, strong brand
and structuring expertise to capitalize on a favorable investing
environment for our energy strategy. GSO has had a strong presence in
the energy markets since 2005, committing approximately $13 billion in
privately originated transactions.
Rob Horn, Senior Managing Director and Co-Head of GSO Energy, said “We
greatly appreciate the support from all of our investors in the Fund. A
fund of this size uniquely positions GSO to provide much needed capital
to the energy industry.”
Michael Zawadzki, Senior Managing Director and Co-Head of GSO Energy
added, “We look forward to furthering our reputation as a partner of
choice in the energy market and helping companies achieve their business
and financing objectives.”
About GSO Capital Partners
GSO is one of the world’s largest credit-oriented alternative asset
managers with approximately $115 billion in total assets under
management as of March 31, 2019. GSO’s team of approximately 355
professionals constitutes one of the largest in the industry, with a
deep reservoir of credit expertise and experience across a range of
market cycles, further enhanced by access to Blackstone’s global
resources and perspective.1 GSO’s scale and expertise allow
it to provide financing solutions that enhance a corporation’s financial
flexibility, while capturing opportunities for investors.
About Blackstone
Blackstone is one of the world’s leading investment firms. We seek to
create positive economic impact and long-term value for our investors,
the companies we invest in, and the communities in which we work. We do
this by using extraordinary people and flexible capital to help
companies solve problems. Our asset management businesses, with
approximately $512 billion in assets under management, include
investment vehicles focused on private equity, real estate, public debt
and equity, non-investment grade credit, real assets and secondary
funds, all on a global basis. Further information is available at www.blackstone.com.
Follow Blackstone on Twitter @Blackstone.
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1 Subject to the Firm’s policies and procedures regarding
cross-wall communications and the management of conflicts of interest.
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