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.
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.