After doubling its assets under management and the number of its employees, then consolidating its various businesses into three sectors, Florham Park, N.J.-based GSC Partners has changed its name to GSC Group.
The alternative asset management manager unveiled its new moniker last week, timed to reflect changes to its management and ownership structures that were implemented earlier this year. This was when GSC Partners promoted 22 executives from within its ranks as managing directors and senior managing directors. It also became incorporated, shed its partnership structure, and opened ownership of the firm to all employees. At press time, GSC Group employees owned a majority of the company, said spokesman Roland Tomforde.