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GSO Capital fund closes acquisition of $2.4B investment portfolio from NewStar

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GSO Capital fund closes acquisition of $2.4B investment portfolio from NewStar

GSO Capital Partners LP-sponsored GSO Diamond Portfolio Fund LP on Dec. 22 closed the acquisition of about $2.4 billion in corporate loans and other credit investments from NewStar Financial Inc.

Following the asset sale, First Eagle Investment Management LLC acquired NewStar.

GSO Capital Partners engaged First Eagle and the former NewStar team to assist in servicing the assets acquired by the fund.

GSO Capital Partners is the global credit investment platform of Blackstone Group LP.