Bob Carroll to Join GSO as Head of Distressed Trading

Blackstone (NYSE: BX) today announced that its global credit platform,
GSO Capital Partners (GSO), has hired Bob Carroll as a Managing Director
and Head of Distressed Trading. In this role, he will oversee all
trading activity relating to GSO’s expansive public distressed efforts.

Mr. Carroll joins from hedge fund Smith Cove Capital, where he had been
responsible for all trading activity since 2016. Prior to that, he spent
10 years at Perry Capital as Head of Trading. Previously, Mr. Carroll
was a trader at Litespeed Partners and Imperial Capital.

Dwight Scott, President of GSO, said: “We are excited to welcome Bob
Carroll and are confident his trading expertise and knowledge of the
credit market will add great value to GSO. We look forward to his
engagement as we continue to grow our business and focus on distressed
debt opportunities.”

Additionally, GSO announced that Adam Maitin has joined the trading desk
as a Vice President. Adam joins from BlueMountain Capital where he spent
two years trading high yield, distressed and investment grade credit.
Prior to that he was an associate at Alliance Bernstein involved in high
yield trading.

Doug Logigian, Senior Managing Director, said: “Adam has an outstanding
track record as a trader and we are thrilled to have him on board. His
experience will be an important addition to our trading team as we
continue to pursue new opportunities and manage existing investments.”

About Blackstone

Blackstone is one of the world’s leading investment firms. We seek to
create positive economic impact and long-term value for our investors,
the companies we invest in, and the communities in which we work. We do
this by using extraordinary people and flexible capital to help
companies solve problems. Our asset management businesses, with $472
billion in assets under management, include investment vehicles focused
on private equity, real estate, public debt and equity, non-investment
grade credit, real assets and secondary funds, all on a global basis.
Further information is available at www.blackstone.com.
Follow Blackstone on Twitter @Blackstone.

About Blackstone GSO

GSO Capital Partners LP is the global credit investment platform of
Blackstone. With approximately $128 billion of assets under management,
GSO is one of the largest alternative managers in the world focused on
the leveraged-finance, or non-investment grade related, marketplace. GSO
seeks to generate attractive risk-adjusted returns in its business by
investing in a broad array of strategies including mezzanine debt,
distressed investing, leveraged loans and other special-situation
strategies. Its funds are major providers of credit for small and
middle-market companies and they also advance rescue financing to help
distressed companies.

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