David Flannery Joins GSO Capital Partners in New York
April 18 2016 - 9:51AM
Business Wire
GSO Capital Partners, a division of Blackstone (NYSE: BX), today
announced that David Flannery has joined the firm as a Senior
Managing Director focusing on distressed strategies in both private
and public markets. He will be based in New York and brings to
Blackstone his extensive experience across leveraged finance.
With nearly 25 years of industry experience, Mr. Flannery joins
Blackstone from Anchorage Capital Group, where he focused on
illiquid credit opportunities and CLOs. Prior to joining Anchorage,
he worked at Bank of America Merrill Lynch (“BAML”) for five years
where he held several global group head roles including Chief Risk
Officer of Global Banking & Markets and Global Head of
Leveraged Finance. Prior to joining BAML, David was the Global Head
of Leveraged Finance at Deutsche Bank. Mr. Flannery began his
career at Bankers Trust Company.
“We are thrilled to welcome David to our team,” said Bennett
Goodman, Senior Managing Director and Co-Founder of GSO. “As we
continue to see expanding opportunities in the distressed arena,
David’s deep industry knowledge and proven leadership in leveraged
finance will be a meaningful addition to the team.”
Mr. Flannery added, “I am delighted to join the GSO team at
Blackstone. They are recognized as a true leader in the space and I
look forward to working closely with the team as we continue to
explore and pursue growing opportunities in the sector.”
About GSO
GSO Capital Partners LP is the global credit investment platform
of Blackstone. With approximately $79 billion of assets under
management, GSO is one of the largest alternative managers in the
world focused on the leveraged-finance, or non-investment grade
related, marketplace. GSO seeks to generate attractive
risk-adjusted returns in its business by investing in a broad array
of strategies including mezzanine debt, distressed investing,
leveraged loans and other special-situation strategies. Its funds
are major providers of credit for small and middle-market companies
and they also advance rescue financing to help distressed
companies.
Blackstone is one of the world’s leading investment firms. We
seek to create positive economic impact and long-term value for our
investors, the companies we invest in, and the communities in which
we work. We do this by using extraordinary people and flexible
capital to help companies solve problems. Our asset management
businesses, with over $330 billion in assets under management,
include investment vehicles focused on private equity, real estate,
public debt and equity, non-investment grade credit, real assets
and secondary funds, all on a global basis. Further information is
available at www.blackstone.com. Follow Blackstone on Twitter
@Blackstone.
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version on businesswire.com: http://www.businesswire.com/news/home/20160418006087/en/
BlackstonePaula Chirhart,
+1-212-583-5011paula.chirhart@blackstone.com
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