Blackstone Group to Invest in Astaris Capital Management’s Dislocations Fund

Paul, Weiss advised Blackstone Group in its seed investment in Astaris Capital Management's Dislocations Fund I, a closed-end evergreen fund. As reported in the press, the new private equity-like strategy will focus on long and short bets in the credit markets and buy credit default swaps, high-yield bonds, convertibles and bank debt, among other investments. London-based Astaris Capital specializes in event-driven credit and equity investments in Europe.

The Paul, Weiss team includes corporate partner Udi Grofman and counsel Marian Shin; tax partners Brian Grieve and Patrick Karsnitz, and counsel Christina Cerito; litigation partner Gregory Laufer; and executive compensation counsel Jake Glazeski.