Blackstone’s Credit Arm Closes $4.5B Fund
- Jun 18, 2019
GSO Capital Partners, the credit platform of investment giant Blackstone, has announced the final closing of the GSO Energy Select Opportunities Fund II at $4.5 billion. The energy fund ranks among the largest of energy-focused credit funds in the market, according to Blackstone.
GSO sourced commitments to the fund from a global investor base that included U.S. state, corporate and international pension funds, financial institutions, endowments, foundations and family offices. The fund will seek to leverage GSO’s scale, flexible capital base, brand and structuring expertise to capitalize on a favorable investing environment for its energy strategy. Since 2005, GSO has committed roughly $13 billion in privately organized transactions in the energy markets.
It’s been a busy few months for the world’s biggest landlord. Earlier this month, Blackstone announced plans to double its U.S. industrial footprint, in an agreement to acquire $18.7 billion in urban, infill logistics assets across the country. In May, following the announcement that the firm would become a corporation, Blackstone announced plans to raise $5 billion for its latest real estate debt fund, Blackstone Real Estate Debt Strategies IV.