Blackstone bags Harbourmaster
US investment firm Blackstone has acquired Dublin-based leveraged loan manager Harbourmaster Capital. Blackstone has bought the business through its credit platform GSO Capital Partners, and the combination of the two businesses will have around €11.5bn of leveraged loan assets under management in Europe.
GSO is one of the largest leveraged loan investors in the US, but its European operations had not reached a similar standing in Europe.
Harbourmaster alone has around 8bn of assets. Alan Kerr, managing director at Harbourmaster, said the combined business would have "unparalleled scale in Europe."Sources close ...
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