Thu, Sep 19, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Bennett Goodman retires from Blackstone

Friday, August 30, 2019
Bailey McCann, Opalesque New York: Bennett Goodman, Co-Founder of GSO Capital Partners will retire from his full time role with the firm at the end of the year. He will remain Chairman of GSO's Business Development Company and will serve as a Senior Advisor to the firm. Dwight Scott, who was appointed President of GSO in 2017, will continue to oversee the management of the business.

Goodman co-founded GSO in 2005 and led the sale of the firm to Blackstone in 2008. Goodman has been slowly transitioning the day-to-day running of GSO over to Scott for several years.

In a statement, Blackstone Chairman, CEO and Co-Founder, Stephen A. Schwarzman indicated that he will be working with Bennett on a broader plan to scale GSO's direct lending business. Goodman will advise on all aspects of the direct lending business including new capital formation and limited partner and investor relations. He will also participate in deal origination, investment committees and regulatory matters. Separate from his role with Blackstone, Mr. Goodman also plans to establish a new Goodman family office.

According to the Financial Times, Bennett's new position is part of a bid to keep him from going to one of GSO's rival credit firms - some of which were started by other GSO founders.

"We've built an exceptional credit franchise and I look forward to remaining involved with Blackstone as it grows its direct lending platform," Bennett Goodman said.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Albright Capital builds on emerging markets impact strategy, signs on to IFC principles[more]

    Bailey McCann, Opalesque New York: Albright Capital has adopted the International Finance Corporation's Operating Principles for Impact Management. The firm has also developed its own impact measurement system as part of the implementation of the principles. The IFC's principles were

  2. Investing: Hedge funds getting burned as growth stocks trounced by value, Why investors are prioritizing health care in a big way, Fannie, Freddie soar as hedge funds score wins on two fronts[more]

    Hedge funds getting burned as growth stocks trounced by value From Bloomberg: A hedge-fund favorite is rapidly losing ground in the stock market just as one of the industry's least-loved sectors picks up. Growth stocks, generally companies that are seeing rapid profit increases, have drop

  3. PE/VC: Supersized unicorn: Root Insurance leaps to $3.65bn valuation with $350m round[more]

    Root Insurance is now valued at $3.65 billion after a $350 million funding round - the largest single venture capital round ever in the state. The 3-year-old auto insurer, now the startup with the highest valuation of any in Ohio, has raised a cumulative $523 million in VC and another $100 mi

  4. Testing hedge performance when stocks crash[more]

    Bonds have historically been a reliable buffer for stock exposure. But low yields and potential reversion to a more positive stock/bond correlation would likely translate to less protection. Gold has been a solid crisis hedge but has experienced long stretches of negative inflation-adjusted returns.

  5. PE/VC: The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct, Why venture capital firms need more women partners and entrepreneurs[more]

    The FBI is investigating a venture capital fund started by Peter Thiel for financial misconduct From Vox: Federal investigators are probing the conduct and practices of Mithril Capital, a venture capital firm co-founded by Peter Thiel, Recode has learned. US officials - including t