Blackstone’s GSO to Raise $5 Billion for Rescue-Lending
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GSO Capital Partners LP, the credit arm of Blackstone Group LP, has accumulated $3.3 billion for a fund to lend to troubled companies and may raise as much as $5 billion this year.
The rescue-lending fund is expected to reach $4 billion to $5 billion this year, Stephen Schwarzman, chief executive officer of Blackstone, said today on an earnings conference call with analysts.