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Platinum Equity recruits head of credit from GSO Capital Partners

Michael Fabiano was named managing director and head of credit at Platinum Equity, confirmed company spokesman Daniel Whelan.

The position is new. Effective January, Mr. Fabiano will join the firm to lead a newly formed credit investing division. He will be based in New York and report to the firm's executive management committee through partner Mark Barnhill.

Mr. Fabiano was a managing director at GSO Capital Partners, Blackstone Group's credit business. It could not be learned if he is being replaced; Blackstone Group spokeswoman Paula Chirhart could not be immediately reached for comment.

Platinum Equity has $13 billion of assets under management.