GSO Capital Partners, the credit business of The Blackstone Group, has held the final closing of the Blackstone/GSO Capital Solutions Fund with total commitments of over USD3.25bn.   

The fund’s strategy is focused on providing privately negotiated capital solutions to companies in need of liquidity or significant capital structure transformation due to pending covenant violations, debt maturities, cyclical downturns in their businesses or other funding requirements.

The strategy leverages GSO Capital Partners’ distressed, credit and trading expertise, along with its deal origination capabilities.

Thus far, the fund has invested approximately USD600m in seven different companies.

Bennett Goodman, senior managing director of The Blackstone Group and co-founder of GSO Capital Partners, says: “There are many great business franchises facing liquidity issues. We’re delighted to have raised a new fund of this magnitude to assist mid-market companies with their financing needs.”

Investors in the fund include domestic and international pension funds, sovereign wealth funds, endowments, foundations and family offices.