Blackstone announced that Bennett Goodman, Co-Founder of GSO Capital Partners LP, will step down from his full time role with the firm, and the Board of Directors, at the end of the year.
Bennett Goodman will remain Chairman of GSO’s Business Development Company (“BDC”) and will serve as a Senior Advisor to the firm. Dwight Scott, who was appointed President of GSO in 2017, will continue to oversee the management of the business.
Mr. Goodman, 62, co-founded GSO in 2005 and led the sale of the firm to Blackstone in 2008.
“Having successfully transitioned the business to Dwight and a strong leadership team over the past several years, this is the right time for me to step back from the day-to-day management of the organization. We’ve built an exceptional credit franchise and I look forward to remaining involved with Blackstone as it grows its direct lending platform,” said Bennett Goodman.
“I am grateful to Bennett for the tremendous contributions he has made to the firm as an integral member of our management team over the past twelve years. Under his leadership, we built a world-class credit platform with industry leading returns and an exceptional team to take the business forward. I’m looking forward to continuing to work with Bennett as we scale our direct lending business to its full potential,” said Stephen A. Schwarzman, Blackstone Chairman, CEO and Co-Founder.