New York-based manager's distressed debt fund raised $4.7 billion in Q3
Blackstone's credit arm, GSO Capital Partners, raised $4.7 billion for its distressed flagship fund during third quarter 2017

Mid-market lender NewStar agrees to sell itself for more than $500 million
New York-based asset manager First Eagle Investment Management announced this morning that it plans to buy mid-market loan specialist NewStar Financial

Texas fund poised to invest in upcoming GSO distressed debt strategy
An El Paso pension fund is set to invest $8.5 million in a new GSO Capital Partners vehicle, documents seen by Creditflux reveal

New York pension gets behind CLO manager's risk retention vehicle
The New York State Common Retirement Fund invested $450m in two credit funds in July, documents seen by Creditflux reveal

US pension fund agrees $200 million investment in new GSO distressed fund
GSO Capital Partners has got off to a strong start as it markets a new distressed debt fund. There are signs that the multi-billion offering is being sold in South Korea

GSO goes in-house for its latest credit interval fund
GSO is planning a novel onshore fund to invest in loans and CLOs, according to a prospectus recently filed with the SEC

Energy credit head takes on bigger role at GSO in New York
Dwight Scott has been promoted to president of GSO Capital Partners in New York, according to Bloomberg

$36 billion pension fund raises its target allocation to private debt
A large US public pension fund has recently agreed to increase its target allocation to private debt

Senior distressed specialist leaves GSO after fund closure
Shortly after shutting down its distressed debt fund, GSO Capital Partners is understood to have parted company with a senior managing director and key figure in its distressed business

GSO gains approvals to push long-short fund further into long territory
A GSO long-short credit fund  - with no short exposure as of the end of June - has been granted a license to permit more long exposure

GSO credit funds produce big Q3 gains
GSO Capital Partners has experienced a strong quarter, according to results posted by the credit manager’s parent Blackstone Group

GSO raises over $5 billion for mezz and opportunistic credit
GSO Capital Partners registered $7.3 billion of inflows during the second quarter of this year in what was the strongest period of fundraising ever experienced by the credit giant

West coast pension fund narrows down the field as it eyes hedge funds
San Francisco Employees’ Retirement System has narrowed down its search for hedge fund investors down to five names, according to documents seen by Creditflux

Calpers puts $250 million into credit manager's energy fund
The California Public Employees' Retirement System has committed $250 million to an energy credit strategy run by one of the largest credit managers globally

Large US pension fund allocates to Centerbridge and GSO
A US pension fund has put a total of $125 million into distressed debt and energy credit funds

Angelo Gordon hires Blackstone's Baumgarten as head of credit
Angelo Gordon has hired Blackstone's Joshua Baumgarten as its head of credit in New York

Managers earn support as they each aim for $4 billion credit funds
Two established credit managers are aiming to raise $2 billion each in capital for direct lending and distressed debt. A US pension fund has supported both causes with $30 million

Blackstone and NWI partner up on new emerging market unit
Blackstone Alternative Asset Management has formed a joint venture with NWI Asset Management to invest in emerging market debt.

GSO raises $350 million for new credit fund
Regulatory filings show New York-based GSO, the credit management arm of Blackstone, raising new  fund