Blackstone’s GSO grows new direct lending platform with $2.6bn BDC raise

The firm may oversee more than $10bn of assets for the strategy a little more than a year after it formally parted ways with FS Investments.

Why avoiding risk is a risky business

Investors seeking refuge from the wild swings of the stock market may find that diversification brings unexpected challenges.
american business

European and Asian investors face costly hidden fees for US debt funds – report

Fees for offshore vehicles and a range of hidden costs are causing a returns disparity for non-US investors in US funds.

Crescent BDC to acquire Alcentra Capital for $142m in cash, stock

Alcentra BDC shareholders will retain 19% of the combined entity, while the buyer will reduce its management fee and up its hurdle rate.

Goldman Sachs collects almost $900m for private BDC

The new vehicle has purchased several investments, all of which are portfolio companies of the firm’s publicly traded Goldman Sachs BDC.
pile of rolled dollar note bundles

Blackstone’s investment in BC Partners is about more than hard capital

The London-based private equity firm picked the New York giant as a minority shareholder also for the soft benefits that brings.
Arrows on a chart

Fund of firms: Who owns what?

With Blackstone’s stake in BC Partners the latest deal in an expanding market of GP stakes, we look at which firms have been on the acquisition trail.
Cyril Hoyaux and Arnaud Heck

AEW and Ostrum hit €200m first close on third fund – exclusive

The joint venture partners expect to hold a second close for their third senior property credit vehicle by December, targeting €400m.

Blackstone’s GSO runs fund revamp on older credit pools

The firm, which launched its special situations fund in 2005, could move assets into a newly created vehicle that would let investors cash out of older funds.
USA and China trade war

Corporate debt levels could make trade war recession worse – report

Growing levels of corporate debt, particularly leveraged loans, may leave firms vulnerable in the next economic downturn.
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