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Co-founder of Blackstone's GSO unit to retire

Bennett Goodman, co-founder of Blackstone Group Inc.'s GSO Capital Partners LP unit, plans to retire from his full-time position and board seat at the end of 2019.

The private equity giant said Goodman will transition to senior adviser, advising on all aspects of the direct lending business. He will continue as chairman of GSO's business development company, while GSO President Dwight Scott will continue to lead the management of the business.