Ostrover Headquarters New York City, New York, U.S.

Products Mezzanine capital Leveraged finance Hedge funds Distressed investments AUM US140 billion (2018) 1 Number of employees 340 2 Parent The Blackstone Group Website Official website.

The firm invests across a variety of credit oriented strategies and products including collateralized loan obligation vehicles investing in secured loans, hedge funds focused on special situations investments, mezzanine debt funds and private equity funds focused on rescue financing.

The firm is named for its three founding partners Bennett Goodman, Tripp Smith, and Doug Ostrover who had previously worked together at Donaldson, Lufkin Jenrette and later Credit Suisse First Boston.

The GSO team had previously managed the leveraged finance businesses at Donaldson, Lufkin Jenrette and later Credit Suisse First Boston, after the acquisition of DLJ.

Blackstone had existing relationships with the GSO team as an original investor in GSOs funds.

The combination of Blackstone and GSO created one of the largest credit platforms in the alternative asset management business, with over 21 billion of total assets under management.

Following the completion of the acquisition, Blackstone merged GSOs operations with its existing debt investment operations.

The firm invests through various pools of capital including: Collateralized loan obligation ( CLO ) vehicles as well as other investment funds and accounts.

These funds invest across a broad range of securities including secured loans, high yield debt, distressed securities, second lien loans, mezzanine debt as well as equity securities and credit derivatives.

Business Wire. December 26, 2017.

GSO bought 330m of protection on Hovnanian before controversial refi deal.

SEARCH Barrons SIGN IN FOCUS ON FUNDS Judge Denies Injunction Request for Fancy CDS Transaction.

Blackstones Disputed CDS Trade Set for Court Hearing.

Bloomberg. Retrieved 21 February 2018.

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Blackstone Venture Capital Fund