Blackstone’s Dublin arm pays €30m dividend to parent firm

A Dublin-based credit arm of Blackstone paid a €30 million interim dividend to its parent last year after profits at the company rose 13 per cent last year.

Blackstone/GSO Debt Funds Management Europe Limited, one of Europe's largest providers of management and advice in the bundled leverage loans industry, reported a 13 per cent increase in pretax profits last year to €25 million.

Assets under management, including so-called collateralised loan obligations, at the company rose to €4.1 billion from €3.1 billion in 2014.

It is the main part of the business created in Dublin through Blackstone/GSO’s purchase of Harbourmaster Capital Management in 2011 to boost its European loan holdings for an undisclosed sum.

The company paid the dividend to its immediate parent Blackstone/GSO Debt Funds Europe (Luxembourg) which is ultimately owned by Blackstone Group, according to filings with the Company Registration OfficeJOE BRENNAN