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GSC Reorganizes in Anticipation of Future Growth
and Strengthens Management Structure
Leading Alternative Investment Manager’s
New Name to Reflect Institutional Growth and Evolutionary
Development
FLORHAM PARK, NJ, October 4, 2006
-- GSC Partners, an alternative asset investment manager
with more than $18 billion of assets that focuses on
complex, credit-driven strategies, today announced that
it has changed its name to GSC Group. The new name reflects
the recent reorganization of the firm’s management
and ownership structures, broadening of its lines of
business and product offerings, and the significant
growth of its assets under management.
“As a corporation, we have created a single
institution with global reach and the rational management
structures that one would associate with a sophisticated
financial institution,” said Alfred C. Eckert,
III, Chairman and Chief Executive Officer of GSC Group.
“In addition, we have an inclusive ownership structure
capable of attracting and retaining talented investment
professionals of the highest caliber and developing
the next generation of leadership.”
As GSC has evolved, the firm has instituted the essential
characteristics and capabilities of a major financial
institution. GSC has installed compliance and control
capabilities, as well as a six member management committee
with responsibility for overseeing the firm’s
operations. Earlier this year, the firm promoted 22
executives from within its ranks to managing director
and senior managing director. A recapitalization and
incorporation has opened ownership of the firm to all
employees. GSC has integrated its European and US businesses.
Over the last two years, GSC has doubled in size,
in terms of assets under management and number of employees.
The firm has consolidated its various businesses into
three sectors: Corporate Credit, which includes collateralized
debt obligations, collateralized loan obligations, mezzanine
lending and derivative products; Distressed Investing,
which includes control distressed debt and other strategic
credit opportunities; and Real Estate, which includes
mortgage-backed securities, a REIT and real estate structured
products. GSC’s diverse investment products are
all based on the firm’s recognized core competency
in analyzing and investing in complex credits.
“Our new name more accurately describes the
major financial institution we are building,”
continued Eckert. “GSC is a multi-product manager
of specialized credit assets in niche markets and complex
areas that deploys capital across a spectrum of very
specific structures. We have redesigned the structure
of the firm to take maximum advantage of changes in
alternative asset investing.”
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, 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.gscpartners.com.
Contacts:
Carl J. Crosetto
GSC Group
973-437-1007
Roland Tomforde
John Higgins
Broadgate Consultants, LLC
212-232-2222
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