Merrill Lynch to invest in GSO Capital Partners

By Laura Lutz

Des Moines, May 21 - Merrill Lynch has agreed to purchase a minority stake in GSO Capital Partners LP, according to a news release.

Merrill Lynch said in the release that it will invest capital in a number of GSO strategies.

"GSO has a uniquely talented team of investment professionals who have extensive expertise in the leveraged finance marketplace," Greg Fleming, co-president of Merrill Lynch & Co., Inc., said in the release.

GSO is an alternative investment manager with offices in New York. Its key areas of focus include leveraged loans, distressed investments, special situations, capital structure arbitrage, mezzanine securities and private equity.

Merill Lynch is a New York-based financial company.

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