Christopher Witkowsky

Senior managing director Timothy White will transition out of GSO after the group eliminated its ability to make private equity investments in its second mezzanine fund.

The Howard Marks-led firm has issued its first quarter filing, reporting revenues of $318.3m and a first close on its ninth Opportunities fund on $1.2bn.

The firm has formed a $600m customised account with a large pension system, and could launch its next flagship buyout fund later this year, according to firm president Marc Spilker.

The firm's initial public offering debuted at $22 per share, below its low-end expectation of $23 per share. The firm raised $671m in the offering.

The M&A environment is shaky, growth in the emerging markets has slowed and LPs are putting more money into alternatives, according to the firm’s president, Tony James.

The $1bn university endowment has been reaping access to top-tier managers since the financial crisis, led by private markets head Sam Masoudi.

The $1bn university endowment has been reaping access to top-tier managers since the financial crisis, led by private markets head Sam Masoudi.

The $1bn university endowment has been reaping access to top-tier managers since the financial crisis, led by private markets head Sam Masoudi.

Limited partners’ heavy appetite for mezzanine strategies helped Blackstone’s GSO team raise billions to take advantage of a historic opportunity for non-bank lenders in the uncertain markets, especially in Europe.

US financial institutions want to unload impaired assets as they have become more willing to take write-offs and are pushed by regulations, while European institutions are slowly moving toward de-leveraging, according to delegates at a recent industry conference.