GSO Capital Partners, the credit division of Blackstone, has held the final closing of its third mezzanine fund, GSO Capital Opportunities Fund III, at its hard cap of USD6.5 billion.
GSO will seek to invest the fund across a broad range of sectors and geographies, with a particular focus on the US and Europe.
GSO sourced commitments from a global investor base, including public, corporate and foreign pension funds, financial institutions, endowments, foundations and family offices.
The fund's size positions it as one of few mezzanine providers capable of committing to large sized transactions, while its flexible structure enables GSO to be creative in solving a company’s particular capital needs.
Tripp Smith, senior managing director and co-founder of GSO, says: “We appreciate this extraordinary vote of confidence from our investors. We look forward to seeking opportunities to invest this capital in world-class companies while continuing our consistent track record for our limited partners and their constituents.”
