The acquisition makes GSO one of the largest leveraged loan investors in Europe as well as the US, thereby enhancing its global scale.

GSO is one of the credit-oriented alternative managers in the world, generating attractive risk-adjusted returns for its investors through a broad array of strategies including mezzanine, distressed investing, leveraged loans and other special situation strategies.

GSO along with its subsidiaries has $33.6bn of assets under management as of 30 September 2011.

Harbourmaster Capital, established in March 2000, is one of Europe’s leading investment advisors of secured bank loans and clients in respect of EUR7.6bn of senior secured loans and infrastructure debt.

Blackstone provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services