GSO Capital Partners has acquired a portfolio of assets from portfolio NewStar Financial
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that GSO Diamond Portfolio Fund LP, a newly formed investment fund sponsored by GSO Capital Partners LP (“GSO”) has acquired a $2.4 billion portfolio of corporate loans and other credit investments from NewStar Financial, Inc. (“NewStar”).
Lincoln acted as a financial advisor in support of the portfolio acquisition. Lincoln worked closely with GSO during the buyer diligence process to provide independent valuations of the acquired portfolio.
GSO is the global credit investment platform of Blackstone. With approximately $99 billion of assets under management, GSO is one of the largest alternative managers in the world focused on the leveraged-finance, or non-investment grade related, marketplace. GSO seeks to generate attractive risk-adjusted returns in its business by investing in a broad array of strategies including mezzanine debt, distressed investing, leveraged loans and other special situation strategies. Its funds are major providers of credit for small and mid-market companies and they also advance rescue financing to help distressed companies.
Brian Garfield, Director in the Valuations and Opinions Group at Lincoln, commented, “We are thrilled to have supported GSO in its acquisition. Lincoln’s deep understanding of the credit markets coupled with our robust valuation capabilities allowed us to provide timely, independent valuations to GSO.”
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