GSO Capital Partners, the credit hedge fund arm of the Blackstone Group, has raised more than $3 billion for a new fund that will provide financing to distressed middle-market companies.

Is this an economic indicator?   Does this signify a thinking that things will get better?   Financing/ownership of distressed, but well run companies, at favorable multiples, will lead to profits when economic activity finally turns around?

http://www.finalternatives.com/node/13148