Hunter Point buys stake in Iron Park Capital

Jan 6, 2022 | News

Hunter Point Capital has acquired a minority stake in alternative money manager Iron Park Capital, reuniting two of the three co-founders of Blackstone’s GSO Capital Partners.

Terms of the deal, including the size of the stake, were not disclosed in a joint news release from the firms Thursday.

Public and private credit specialist Iron Park Capital was founded in June 2019 by GSO Capital Partners co-founder Tripp Smith. Hunter Point Capital, an investment firm seeking minority stakes in middle-market alternative managers, was founded in October 2020 by fellow GSO Capital co-founder Bennett Goodman, and Avshalom Kalichstein, former managing principal at Easterly Partners Group.

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Messrs. Goodman and Smith co-founded GSO Capital Partners with Doug Ostrover in 2005. Blackstone acquired and integrated the firm in 2008.

Iron Park Capital has about $3 billion in assets under management, according to its website. The investment process, management and day-to-day operations of the firm will remain unchanged, according to the news release.

Spokeswomen for both firms could not be immediately reached for further information.

Source: Pensions & Investment

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