GSO Capital Partners is in discussion with FriedbergMilstein employees about potentially hiring some of them. How that will play out is expected to become clearer this week. As reported two weeks ago, FriedbergMilstein has tapped GSO as a sub-advisor to three of its collateralized debt obligations (CIN, 1/29).
Barry Friedberg, founder, will still serve as a collateral manager and key man. He and Eric Green, who has left the firm, were both key men, but because Friedberg is remaining no triggers have been set off. Friedberg will still be involved at the portfolio level for the operation of the funds and will still sit on the funds' investment committees, according to a market source.