GSO/Blackstone Acquires Callidus CDO/CLO Contracts

January 20, 2010

GSO Blackstone Debt Funds Management announced an agreement to acquire from Callidus Capital Management the collateral management agreements for nine CDO and CLO funds.

GSO/Blackstone Debt Funds Management LLC, an affiliate of The Blackstone Group L.P. (NYSE:BX) on January 20, 2010 announced an agreement to acquire from Callidus Capital Management LLC the collateral management agreements for nine CDO and CLO funds managed by Callidus which invest primarily in leveraged loans and high yield bonds.  Total assets within the Callidus funds are approximately $3.2 billion.

For more information, read the press release here.


Categories

Hedge Fund M&A, Investment Manager M&A, Transactions