Blackstone GSO Acquires Harbourmaster Capital

NEW YORK CITY-Blackstone Group LP’s global credit platform GSO Capital Partners LP has acquired Dublin-based Harbourmaster Capital, a leveraged loan manager that manages and advises on approximately $11 billion in assets. Under the deal, Harbourmaster will continue to support its funds, and will form a combined platform with GSO’s existing European leveraged loan business  to develop new European-focused funds for their global investor base, the company announced on Thursday.

The combined European leveraged loan platform will have approximately $15.5 million in assets under management supported by a combined team of 40 professionals in both Dublin and London. The deal also enhances the company’s global scale, says Bennett Goodman, senior managing director and co-founder of GSO. “Harbourmaster Capital is widely recognized as a market leader in Europe, an extremely well managed firm whose investment style and philosophy is completely consistent with ours,” he says, in a statement following the acquisition.