The Blackstone Group L.P. has launched a closed-ended fixed income mutual fund, the Blackstone Senior Floating Rate 2027 Term Fund, managed by GSO/Blackstone Debt Funds Management LLC. The fund has a primary focus on fixed income markets in the United States and seeks to invest in diversified sectors that offer attractive risk/return characteristics. It primarily invests in senior secured, floating rate loans issued by corporations, partnerships, and other business entities, with a special interest in securities rated below investment grade. The fund maintains an average duration of less than one year and invests across the maturity spectrum. Fundamental analysis using a research-driven credit analysis approach is employed to make investment decisions. The fund benchmarks its performance against the S&P/LSTA Leveraged Loan Index. The Blackstone Senior Floating Rate 2027 Term Fund was established on March 4, 2010, and is domiciled in the United States.