Blackstone’s GSO co-founder Ostrover to leave firm and start family office

Doug Ostrover, a senior managing director at Blackstone’s alternative credit platform GSO, will be leaving that position, the firm announced today.

According to Blackstone, Ostrover is planning on launching a family office to invest capital. He will also become a senior advisor at GSO.

Ostrover is a co-founder of GSO, which Blackstore acquired in 2008. Prior to GSO, Ostrover worked at CSFB where he served as chairman of the leveraged finance group.

GSO is currently managing about $75 billion of assets.

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