News & Analysis

GSO pulls in billions for new direct lending platform in Q3

The firm’s performing credit strategies have returned 9.4% for the last 12 months, significantly outperforming its distressed strategies, which have returned 4% over the same period.

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Blackstone has continued what co-founder, chairman and chief executive Stephen Schwarzman has dubbed a fundraising “supercycle”, as the New York-based firm drew in $24.1 billion over the third quarter and $124.6 billion in the last 12 months.

GSO Capital Partners, Blackstone’s credit arm, raised a total of $10.8 billion in the third quarter, including $2.6