Blackstone is seeking to raise $3-3.75 billion for mezzanine and related debt investments, Reuters reports. The GSO Capital Opportunities Fund II by the private equity group’s GSO Capital Partners will be reserved for mezzanine debt, secured debt and high-yield debt.
The new fund will mark 20-30 investments in the U.S. and Europe. GSO will impose a 1.5% management fee during the five-year investment phase and 1.25% on the aggregate invested capital thereafter. The fund manager will receive a 20% profit share or carried interest after 75% return to investors.
Click here for the story from Reuters.
Click here for additional coverage from Private Equity Hub.