GSO Capital Solutions Fund III’s $7 Billion Fundrising

Simpson Thacher represented GSO Capital Partners, the credit division of Blackstone (NYSE: BX), in the final closing of its third capital solutions fund, GSO Capital Solutions Fund III (“the Fund”), at a hard cap of $7 billion.

The Fund closed at an increase of approximately 40% from GSO’s second capital solutions fund, which was raised in 2013 with representation by the Firm.

GSO Capital Partners will leverage the Fund to provide capital solutions to companies facing liquidity issues, including pending debt maturities, liquidity shortfalls and temporary cyclical challenges, needing capital to avoid imminent bankruptcy or needing assistance in their exit from bankruptcy.

The Simpson Thacher team includes Jason Herman (Picture), Beth Bates, Elliott Im, John Tracy, Geraldine Rothschild, Matthew Kemp, Pierce Pandolph and Loren Shokes (Funds); and Nancy Mehlman and Drew Purcell (Tax).

 

Involved fees earner: Jason Herman – Simpson Thacher & Bartlett; Bethany Bates – Simpson Thacher & Bartlett; Elliott Im – Simpson Thacher & Bartlett; John Tracy – Simpson Thacher & Bartlett; Geraldine Rothschild – Simpson Thacher & Bartlett; Matthew Kemp – Simpson Thacher & Bartlett; Pierce Pandolph – Simpson Thacher & Bartlett; Loren Shokes – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: GSO Capital Partners LP;

 

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Author: Ambrogio Visconti