GSO Capital Offers Fee Break for Early Investors

GSO Capital Partners LP, the credit investment arm of Blackstone Group LP, is offering a fee break to investors that join the initial close of its second company rescue fund, according to two people familiar with the situation. While the new GSO fund will charge investors a 1.5 percent management fee on invested capital and any amounts borrowed, it is offering a fee break of 0.25 percent to limited partners that join the first close, said people familiar. Christine Anderson, a spokeswoman for Blackstone, declined to comment.

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