GSC Partners launches hedge fund business

GSC Partners has added a hedge fund to its product portfolio, which includes distressed debt investing, corporate credit, European mezzanine lending and structured finance. The firm has appointed Drew Doscher and Jeffrey Horan as managing directors to lead the hedge fund team, which will focus on corporate debt and equity investments in leveraged and distressed markets. The new fund will involve long and short, as well as capital structure arbitrage strategies, and will leverage existing control distressed debt efforts.

Alfred C. Eckert III, chairman and chief executive of GSC Partners, said: “We believe that this new initiative represents an exciting new growth opportunity for GSC Partners and is an excellent complement to our other alternative asset businesses. We are also considering other investment opportunities as we pursue our goal to be a leading institutional investment manager of alternative assets with a full spectrum of complementary investment product offerings.”