Deals
Co-Founder of Blackstone’s GSO Making Plans to Launch a Competing Credit Firm
- Smith said to see credit-market downturn in pitch to clients
- He left GSO in June, leaving just one co-founder still there
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Tripp Smith, who played a key role in building Blackstone Group LP’s biggest business before his exit this year, is plotting a comeback.
Smith, a co-founder of Blackstone’s GSO Capital, has begun reaching out to investors about starting a firm that would invest in corporate debt in the U.S. and Europe, according to people with knowledge of the situation.