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Alternative Market Briefing

Blackstone raises $4.5bn for energy fund

Monday, June 17, 2019

Laxman Pai, Opalesque Asia:

The credit arm of asset-management giant Blackstone Group, GSO Capital Partners has raised $4.5bn for one of the largest energy-focused credit funds ever.

The second energy fund, GSO Energy Select Opportunities Fund II LP, comes at a tough time for the energy industry.

The American multinational alternative asset management company said in a statement on Friday that with strong support from both existing and new investors, the Fund is among the largest dedicated energy-focused credit funds in the market.

GSO sourced commitments from a global investor base, including U.S. state, corporate and international pension funds, financial institutions, endowments, foundations and family offices.

The Fund will leverage GSO's scale, flexible capital base, strong brand and structuring expertise to capitalize on a favorable investing environment for our energy strategy. GSO has had a strong presence in the energy markets since 2005, committing approximately $13 billion in privately originated transactions.

Rob Horn, Senior Managing Director and Co-Head of GSO Energy, said "We greatly appreciate the support from all of our investors in the Fund. A fund of this size uniquely positions GSO to provide much needed capital to the energy industry."

Michael Zawadzki, Senior Managing Director and Co-Head of GSO Energy added, "We look forward to furthering our reputation as a partner of choice in the energy market and helping companies achi......................

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