MESSAGE FROM THE PRESIDENT: The “O” in GSO

Apr 16, 2014
Frederick Baerenz

The Franklin Square funds are sub-advised by GSO/ Blackstone.  GSO was founded in 2005 by Bennett Goodman, Tripp Smith and Doug Ostrover.  They had previously worked together at the finance firms Donaldson, Lufkin & Jenrette and Credit Suisse First Boston.  The Blackstone Group manages private equity and alternative investments for institutional investors and sovereign wealth funds.  Blackstone acquired GSO in 2008 to serve as their private debt arm to compliment the private equity division.  This will be a week full of achievement as we track the first week of trading following the successful listing of the ARC Health Care REIT last week, and the expected listing of both Franklin Square and the ARC New York Recovery REIT!

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