cps rde xchg bxcom hs businesses aam credit.htm lp login the firm why blackstone guiding principles history global network market commentary leadership our offices our people careers senior advisors & consultants alumni network cxo network transparency & disclosure contact us our businesses alternative asset management private equity real estate hedge fund solutions baam credit businesses gso closed end mutual funds new initiatives financial advisory advisory and restructuring park hill limited partners about our limited partners our approach investment opportunities the team citizenship the blackstone charitable foundation community social & environmental responsibility unit holders investor faqs tax information contact us corporate governance board & committees officers events presentations financials news press releases alerts & subscriptions news & views the firm alternative asset management private equity real estate hedge fund solutions baam credit businesses gso our approach recent news the team closed end mutual funds new initiatives financial advisory advisory and restructuring park hill limited partners citizenship unit holders news print this page email this page contact us our credit business gso capital partners lp is one of the largest credit oriented alternative asset managers in the world and a major participant in leveraged finance . in march 2008 blackstone acquired gso and combined the two firms credit investment businesses . gso seeks to generate attractive risk adjusted returns across a variety of investment strategies . fee earning assets under management totaled 28.7 billion as of september 30 2011 . leveraged loans gso is among the largest managers of senior secured bank loans in the world through collateralized loan obligation clo vehicles separately managed accounts and other levered and unlevered pools of capital . customized credit strategies we manage diversified portfolios of senior secured bank loans of noninvestment grade companies in structured vehicles . as of september 30 2011 the team managed 50 funds across the us and europe including clos separately managed accounts commingled funds structured finance vehicles closed end funds and business development companies . we also invest in the debt and equity tranches of clos managed by selected third parties . special situations credit strategies gso s credit strategy is focused on investing in the leveraged finance marketplace . it invests in long short credit event driven opportunities and liquid stressed and distressed securities . gso may invest in both public and private non investment grade and non rated securities including leveraged loans high yield bonds distressed securities second lien loans mezzanine securities common and preferred equity securities and credit derivatives . mezzanine strategies drawing upon gso s extensive origination capabilities our mezzanine strategy focuses on providing junior capital to companies in connection with leveraged buyouts acquisitions recapitalizations and growth financings . we focus on investments in upper middle market companies with earnings ranging from 25 to 200 million with well established products or services defensible market niches and experienced proven management teams . we employ a flexible investment approach investing opportunistically throughout a capital structure with a focus on principal preservation . distressed strategies gso has significant expertise evaluating and structuring investments for financially troubled companies and assets . gso focuses on buying portfolios of loans and bonds from distressed sellers in the secondary market and on providing rescue financing to companies facing liquidity constraints . secondary markets gso invests in stressed loans or high yield bonds trading at below intrinsic value . rescue financing gso focuses on providing privately negotiated capital solutions to companies in need of liquidity or significant capital structure transformation due to pending covenant violations debt maturities cyclical downturns in their businesses or other funding requirements . this strategy combines gso s distressed credit and trading expertise with blackstone s private equity capabilities . separately managed accounts gso manages portfolios of leveraged loans and high yield bonds for select large institutional clients . a traditional leader in the credit space gso has a solid track record of creating value through investments in the credit markets across many cycles . above gso capital partners led a senior secured convertible loan facility to help cheniere energy inc. expand its liquefied natural gas lng terminal . legaltransparency & disclosuresite mapcontact uscareers