Blackstone's GSO Capital Partners to set up shop in Toronto

U.S. investment firm Blackstone Group said its credit platform, GSO Capital Partners, will establish a new office in Toronto. The new location, part of an expansion in GSO's North American origination activities, is expected to open in the first half of 2019. Managing Director Michael Carruthers, who joined GSO in 2006 from Credit Suisse's Toronto operation, will lead coverage in Canada and the U.S. Midwest region. Overseeing assets of about US$128 billion, GSO is focused on the global leveraged-finance market.

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