Skip to content
Subscriber Only

Blackstone Targets $10 Billion for Direct-Lending Comeback

  • Credit unit GSO is said to eye capital for hot middle market
  • Firm’s reentry follows split from FS Investment partnership
Video player cover image
Blackstone Said to Seek More Than $20B for Buyout Fund
Updated on

Blackstone Group LP wants to crash the direct-lending party.

In the seven months since dissolving a partnership with FS Investment Corp., Blackstone’s GSO Capital Partners unit has rebuilt its business making nonbank loans to small and mid-size companies. GSO has extended some credit already and plans to amass $10 billion of equity and debt capital for the effort in the next several months and into 2019, according to people familiar with the matter.