New GSO BDC prepares for take-off in second quarter

GSO Capital Partners is in “advanced fundraising talks” with anchor investors for its new direct lending business, Blackstone executives said on Thursday’s first-quarter earnings call.

Earlier this month, GSO, the New York-based credit arm of Blackstone, formally ended its sub-advisory relationship with FS Investments’ vehicles, the business development companies to which GSO provided investment advice for the past decade.