GSC Group’s Gemini Fund named Best
Seasoned Cash CLO Fund by Creditflux

New York- September 27, 2007 -- GSC Group’s Gemini Fund  earned the 2007 Best Seasoned Cash CLO award from Creditflux in the magazine's inaugural Creditflux Manager Awards.

Creditflux, based in London, is a leading information source worldwide for the credit derivatives and structured credit markets, publishing a monthly newsletter, online daily news and a comprehensive database of CDOs. The magazine uses data analysis exclusively to determine its honorees.

Creditflux went on to cite that the GSC Partners Gemini Fund “was not only the best performing cash CLO, but also the best performing CDO in any category."  

GSC Partners Gemini Fund is managed by the GSC Group, a business with over $24 billion in assets under management in the U.S. and Europe.   The GSC Partners Gemini Fund  was the first CLO issued by GSC’s Corporate Credit Group back in 2002.

"The recognition of our Gemini Fund as the best performing CDO fund is a fitting tribute not only for this fund but also for the many skilled professionals within GSC,” said Tom Inglesby, Senior Managing Director in the Corporate Credit Group. “Gemini Fund was our first middle market CLO fund and its success helped us to create a platform, which is now one of the largest and most successful middle market loan investment businesses in the industry.  We are proud of the recognition received for this Fund, which reflects the efforts and success of our broader corporate credit investment platform in the U.S. and Europe.”

"Measuring performance is hugely complex in CDO management, but most managers have accepted that the Creditflux methodology marks a credible attempt to establish a benchmark," the magazine reported in its August issue announcing candidates. More than 1,000 CDOs and credit hedge funds were reviewed for recognition in 20 categories.

The complete list of honored firms and funds is at the Creditflux website: http://www.creditflux.com/events/default.htm

About GSC Group
GSC Group is a registered investment advisor with more than $ 24 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 180 employees, has offices in New Jersey, New York and London. 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 gsc.com.

IMPORTANT NOTE:
The performance information reported in the above article reflects the returns and cash distributions to holders of the equity or subordinated notes of the relevant CDOs or CLOs.  The performance numbers do not reflect changes in the market values of the assets held by these vehicles.  The article discusses the performance of a select class of vehicles managed by GSC Group.  The performance of other vehicles or funds managed by the firm may differ materially.  The performance information is also current only as of the date of the article.    Past performance is not necessarily indicative of future performance.  Investments include the risk of loss.

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