GSC Group

The distressed investment firm will assume nearly all of GSC’s assets, including funds covering various debt strategies, once the sale is approved by bankruptcy court.

During a 2005 interview with PEI, GSC founder Alfred Eckert talked about the surging opportunity in the market for collateralised debt obligations.

Alfred Eckert, founder of GSC, which once managed $28bn in assets, has negotiated a new job with Black Diamond Capital.

The European mezzanine veteran will evaluate credit opportunities for Clayton, Dubilier & Rice.

Senior managing director Christine Vanden Beukel has ended a 10-year career leading GSC’s European mezzanine business. Her role is now filled in part by managing director Nick Petrusic, who joined the credit-focused alternative asset manager in 2000.

The firms have held a $150m first close and expect to raise $200m by the end of the first quarter.

The alternative asset manager’s blank cheque vehicle, formed last June, has purchased power plant operator Complete Energy Holdings, a TCW portfolio company.

New York-based GSC Group, an alternative asset management firm that pursues credit-driven strategies, has raised €300 million for its latest defensive collateralised debt obligation fund.

The promotions of Seroussi and Rooney follow Arsenal’s hiring of its ninth operating partner earlier this month.

The final, official demise of two alternative asset managers this week raises a number of important questions, but here's one especially occupying the minds of investors: how do you retain and reward the team charged with winding down a moribund manager's portfolio?

Christine Vanden Beukel, a former Clayton Dubilier & Rice credit-focused executive, will open a London office for Crescent Capital at a time of tremendous opportunity for firms with capital in the region.

The fund, which has a $750m target and a $1.1bn hard-cap, could hold a final close in early March.

The final, official demise of two alternative asset managers last week raises a number of important questions, but here's one especially occupying the minds of investors: how do you retain and reward the team charged with winding down a moribund manager's portfolio?

The turnaround specialist has recruited former GSC Group executive Philip Raygorodetsky to oversee the firm’s third fund, reportedly targeting $1bn.

The National Bank of Kuwait subsidiary's acquisition of a 30% stake in Dunya Goz Group will help accelerate the company's growth.

OPEN & CLOSED 2009-02-01 Staff Writer OPEN & CLOSED FUNDS OPENED <