JPMorgan pro to launch GSO Capital's Asian operations

Tim Donahue, former head of JPMorgan's Asia Pacific leveraged finance group, will start Blackstone-owned GSO's Asian credit business.

GSO Capital Partners, The Blackstone Group-owned alternative assets manager focussed on leveraged finance, has tapped Tim Donahue to start its credit investment business in Asia.

He will join GSO later this year, a source familiar with the matter told PEO.

Blackstone declined comment.

Based in Hong Kong, Donahue resigned in May as head of JPMorgan's leveraged and acquisition finance for the Asia Pacific region, a spokewoman for the investment bank confirmed.

At GSO, Donahue will report to firm founder Bennett Goodman. In Asia, the firm will seek investments in mezzanine, equity-linked debt, distressed and leveraged loans, Bloomberg reported sources as saying.

Established in 2005, GSO Capital Partners was acquired by Blackstone for $930 million (€596 million) earlier this year.

The firm manages about $4 billion in its credit hedge fund, $1 billion in mezzanine capital and approximately $5 billion in CLO vehicles. Its other offices are located in New York, London, Los Angeles and Houston.