Blackstone Unit Grows In Europe With Harbourmaster Buy

Law360, New York (October 6, 2011, 2:00 PM EDT) -- GSO Capital Partners LP, the credit arm of private equity manager Blackstone Group LP, acquired loan manager Harbourmaster Capital Management Ltd. on Thursday in a deal that will extend its reach as one of the largest leveraged loan investors in the U.S. and Europe.

The companies did not release financial terms of the transaction, which will fold Dublin-based Harbourmaster’s €8 billion ($11 billion) in assets into GSO, bumping GSO's total investment portfolio to $45 billion, according to the buyer.

"Harbourmaster Capital is widely recognized as a...
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