GSC has more than $4 billion in assets under management. The last GSC fund completed was Gemini Fund Ltd. 1, which is backed by middle-market loans (LMW, 9/29/02). The firm, which was previously known as Greenwich Street Capital Partners, also has approximately $1.5 billion invested in private equity, about $525 million in distressed assets and a mezzanine fund.
PSERS,the public pension fund of the school employees of the Commonwealth of Pennsylvania, invested $80 million in the latest CLO, according to a document from the fund. Calls to officials at PSERS were not returned by press time and it could not be determined if it had made other allocations to the sector.