GSC Group Appoints David L. Goret to Senior Managing Director
Appointment Underscores Legal and Regulatory Compliance at Alternative Investment Firm

FLORHAM PARK, NJ, February 7, 2007 -- GSC Group, an alternative asset investment manager with more than $18 billion of assets under management that focuses on complex, credit-driven strategies, today announced the appointment of David L. Goret to Senior Managing Director. Mr. Goret currently serves as the firm’s General Counsel and Chief Compliance Officer and was previously a Managing Director.

Mr. Goret, 43, joined GSC Group in 2004 and manages legal and compliance functions at the firm. Mr. Goret has served as General Counsel for several private and public companies over the last 16 years, including Icon CMT Corp. (acquired by Qwest Communications) and Mercator Software, Inc. (now part of IBM Corporation). Mr. Goret graduated Magna Cum Laude from Duke University with a B.A. degree in Religion and Political Science and holds a J.D. degree from the University of Michigan Law School.

“David has provided excellent legal advice on a variety of complicated issues,” stated Robert F. Cummings, Jr., Senior Managing Director and Chairman of the Risk and Conflicts Committee for GSC Group. “He has ensured that GSC’s compliance and control procedures have kept pace with the firm’s significant growth. We appreciate the diligent and comprehensive efforts of David and his staff in enabling GSC to navigate the challenges presented by the current rigorous regulatory environment.”

Over the last two years, GSC, formerly known as GSC Partners, has doubled in size in terms of both assets under management and number of employees. During this time, the firm has transitioned to a corporate ownership structure, integrated its European and US businesses, and changed its name to GSC Group. Its products and personnel have been reorganized under three main investment platforms: Equity and Distressed Investing, Corporate Credit and Real Estate.

About GSC Group
GSC Group is a registered investment advisor with more than $18 billion of assets under management.  The firm specializes in credit-driven investing including corporate credit, equity and distressed investing and real estate. GSC Group, with over 170 employees, is headquartered in New Jersey and has offices in New York, London and Los Angeles. GSC’s investors include both institutional investors and substantial net worth individuals seeking sophisticated and attractive alternative investing opportunities. For more information about the firm, please visit www.gsc.com.

Contacts:

Carl J. Crosetto
GSC Group
973-437-1007

Roland Tomforde
Broadgate Consultants, LLC
212-232-2222

Back to Press Releases