Blackstone’s GSO managers buy CLO shares
The managers of Blackstone's credit business, GSO Capital Partners, have reportedly launched a $1m offer for shares in GSO's loan obligation (CLO) fund, Carador.
The GSO managers are purchasing 2 million shares at $0.50 each, through an employee fund run by GSO Capital Partners and its managing director, Miguel Ramos-Fuentenebro. Carador is listed on the London Stock Exchange.
The purchase signals continued improved sentiment on the recovery of the CLO market, and follows Citigroup's recent structuring of the first post-crisis primary CLO - a $525m structure managed by US fund manager Fraser Sullivan Investment Management.
Related Article : CLO market thaws
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