Is GSO part of Blackstone?
When Blackstone first acquired GSO in 2008, the group had $9.6 billion in assets under management and fewer than 150 employees. As part of Blackstone, it has become one of the world’s largest credit-oriented asset managers, with $135 billion in AUM and a 350+ person team.
What does GSO stand for Blackstone?
Special Situations hedge fund — GSO’s hedge funds invest in long/short credit, event-driven opportunities and distressed securities.
Does Blackstone lend money?
Direct Lending We provide privately originated, senior secured, floating rate loans to U.S. and European middle market companies. We partner with these firms and their sponsors to understand their businesses, address their challenges and support their long-term strategies.
How does Blackstone Credit make money?
Blackstone makes its money from two main sources: management fees and performance/incentive fees. Over the past few years, the mix has shifted more towards management fees. Across all of its business segments, management fees now rack up at around $5 billion per year.
Who is the S in GSO?
Tripp Smith
GSO’s founders — Goodman (the “G”), Tripp Smith (the “S”), and Doug Ostrover (the “O”) — had a long history in junk bonds and institutional leveraged finance dating back to Drexel Burnham Lambert in the 1980s.
What is GSO in full?
Abbreviation : GSO GSO – General Staff Officer. GSO – General Services Officer.
How many companies does Blackstone own?
Blackstone’s portfolio spans 200+ companies with approximately half a million employees. We leverage this scale to provide commercial benefits and facilitate practice sharing across companies.
Who is Bennett Goodman?
Goodman was a Co-Founder of GSO Capital Partners (“GSO”), the credit arm of The Blackstone Group, now Blackstone Credit, where he focused on managing and growing a $125 billion investment platform.
What is GSO in security?
1. GSO. Global Security Organization. Management, Organization, Business.
What does GSO mean urban?
GSO. Get Stuff On (polite form) showing only Slang/Internet Slang definitions (show all 46 definitions)
What is hedge fund in simple words?
A hedge fund is an investment vehicle that caters to high-net-worth individuals, institutional investors, and other accredited investors. The term “hedge” is used because these funds historically focused on hedging risk by simultaneously buying and shorting assets in a long-short equity strategy.