Marshall, the 17-year direct lending lead, promoted by Blackstone amidst flourishing credit arm activity

Blackstone, one of the world’s leading investment firms, has recently announced the promotion of Marshall, its 17-year direct lending lead, amidst flourishing credit arm activity. This move is a testament to the growing importance of direct lending in the current economic climate and the role that Marshall has played in the success of Blackstone’s credit arm.

Direct lending is a form of private debt financing where borrowers receive loans directly from institutional investors, such as private equity firms, rather than traditional banks. This type of financing has become increasingly popular in recent years as banks have become more risk-averse and regulatory constraints have made it more difficult for them to lend to smaller businesses.

Blackstone’s credit arm, known as GSO Capital Partners, has been at the forefront of this trend, providing direct lending solutions to a wide range of companies across various industries. GSO manages over $145 billion in assets and has become one of the largest direct lenders in the world.

Marshall has been instrumental in the success of GSO’s direct lending business, having joined the firm in 2004 and helped build its direct lending platform from scratch. He has overseen the origination, underwriting, and execution of over $30 billion in loans to date and has played a key role in establishing GSO as a leader in the direct lending space.

Marshall’s promotion to co-head of GSO’s direct lending business is a recognition of his contributions to the firm and his expertise in the field. In his new role, he will work alongside fellow co-head Dwight Scott to continue growing GSO’s direct lending business and expanding its reach into new markets.

The timing of Marshall’s promotion is also significant, as the COVID-19 pandemic has created significant disruptions in the credit markets. Many traditional lenders have pulled back from lending, creating opportunities for direct lenders like GSO to step in and provide much-needed capital to businesses in need.

In addition to direct lending, GSO also invests in other credit strategies such as distressed debt, mezzanine debt, and structured credit. The firm’s diverse range of offerings allows it to provide customized solutions to clients based on their specific needs and risk profiles.

Overall, Marshall’s promotion is a testament to the growing importance of direct lending in today’s economy and the critical role that Blackstone’s credit arm is playing in this space. As businesses continue to face challenges in accessing traditional bank financing, direct lending is likely to become an even more important source of capital, and firms like GSO will be well-positioned to meet this demand.

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