According to Blackstone, "the acquisition will enhance its global alternative investment platform in the credit area, will add new lines of business and will create significant synergies and opportunities for the firm." Stephen Schwarzman, chairman and CEO of Blackstone, says in that "the combination of GSO's businesses with our existing corporate debt operations will produce one of the largest credit platforms in the alternative asset management business," with more than $21 billion of total assets under management.
Schwarzman continues that "given the current dislocation in the credit markets, this is an ideal time to create a more powerful, diversified platform from which to grow Blackstone's business."
Hamilton James, president and COO of Blackstone, previously explained that "by accessing our considerable private equity and other resources, we expect this group [GSO] to generate substantial incremental value for the limited partners of both firms' credit funds as well as for Blackstone's common unit holders." Further GlobeSt.com queries were not answered by deadline.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
