Blackstone Retires GSO Name, Marking End of an Era in Credit

Blackstone Group Inc. has retired the GSO name, the end of a chapter for one of the credit world’s most famous outfits.

GSO Capital Partners will be rebranded as Blackstone Credit, the firm said Monday, a symbolic change that underscores the pace of change atop the $135 billion unit. The move follows the departure of previous heads of the business, who each started their own competing ventures away from the investing behemoth.

It’s the end of a partnership that reshaped business at Blackstone after it acquired GSO in 2008, and rode a roaring credit cycle that helped the unit turn ...