Blackstone / GSO Announces Update to Closed-End Fund Portfolio Management Team

Rhea-AI Summary

On August 3, 2020, GSO / Blackstone Debt Funds Management announced the addition of Robert Post as a portfolio manager for its funds, effective August 1, 2020. Robert Zable remains the lead portfolio manager, alongside Gordon McKemie. GSO Capital Partners oversees the Blackstone / GSO Senior Floating Rate Term Fund (BSL), Blackstone / GSO Long-Short Credit Income Fund (BGX), and Blackstone / GSO Strategic Credit Fund (BGB). No changes to the funds' strategies or investment objectives will occur due to this management update.

Positive

• Robert Post brings nine years of industry experience to the portfolio management team.
• No changes to the funds' strategies, investment objectives, or policies, indicating stability.

Negative

• None.

NEW YORK, Aug. 3, 2020 /PRNewswire/ -- GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP ("GSO") and the investment adviser of Blackstone / GSO Senior Floating Rate Term Fund (NYSE: BSL), Blackstone / GSO Long-Short Credit Income Fund (NYSE: BGX), and Blackstone / GSO Strategic Credit Fund (NYSE: BGB) (each a "Fund" and together the "Funds"), announced today that Robert Post has been added as a portfolio manager of the Funds, effective August 1, 2020. Robert Zable will remain the lead portfolio manager of the Funds, and Gordon McKemie will remain a portfolio manager of the Funds.

Mr. Post is a Principal and a portfolio manager at GSO with nine years of industry experience. He joined GSO in March 2017.

There will be no change to the Funds' strategies, investment objectives, or policies as a result of this addition to the portfolio management team.

About Blackstone and GSO Capital Partners

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 $564 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis.

GSO Capital Partners LP is the global credit investment platform of Blackstone. Our credit & insurance segment, which consists principally of GSO, has approximately $138 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.

Investors wishing to buy or sell shares need to place orders through an intermediary or broker.

Contact the Funds at 1 (877) 299-1588 or visit the Funds' website at www.blackstone-gso.com for additional information.

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SOURCE Blackstone / GSO Capital Partners

FAQ

Who is Robert Post in relation to BSL, BGX, and BGB?

Robert Post was added as a portfolio manager for the Blackstone / GSO funds BSL, BGX, and BGB on August 1, 2020.

What are the implications of Robert Post joining BSL, BGX, and BGB?

There will be no changes to the investment strategies or objectives of the funds BSL, BGX, and BGB due to his addition.

What is the role of GSO Capital Partners in relation to BSL, BGX, and BGB?

GSO Capital Partners serves as the investment adviser for the funds BSL, BGX, and BGB.

What is the significance of portfolio management changes for BSL, BGX, and BGB?

The addition of Robert Post as a portfolio manager suggests a strengthening of the management team without altering the funds' established strategies.