Blackstone Group’s global credit platform GSO Capital Partners is acquiring European leveraged loan manager Harbourmaster Capital. Financial details of the transaction, which may close in early next year, have not been disclosed. The Dublin-based team of Harbourmaster Capital will create a combined platform with GSO’s existing European leveraged loan business to develop new European focused funds for their global investor base.
The combined European leveraged loan platform, which will have approximately €11.5 billion in assets under management, will be managed by Debra Anderson, Alan Kerr and Mark Moffat. The trio will also oversee the combined GSO business. The combined European leveraged loan platform will be supported by a combined team of 40 professionals in both Dublin and London.
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