Edgar Filing: Ostrover Douglas I

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â GSO / Blackstone Debt Funds Management LLC

2. Date of Event Requiring Statement (Month/Day/Year)
09/25/2012

3. Issuer Name and Ticker or Trading Symbol
Blackstone / GSO Strategic Credit Fund [BGB]

(Last)

(First)

(Middle)

C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC,Â 345 PARK AVE 31ST FLOOR

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
Invest Advisor&its affiliates

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10154

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	5,235.6	I	See Footnotes ⁽¹⁾ ⁽²⁾ ⁽³⁾ ⁽⁴⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
GSO / Blackstone Debt Funds Management LLC C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC 345 PARK AVE 31ST FLOOR NEW YORK,Â NYÂ 10154	Â	Â	Â	Invest Advisor&its affiliates
GSO CAPITAL PARTNERS LP C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC 345 PARK AVE 31ST FLOOR NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate
GSO Advisor Holdings L.L.C. C/O THE BLACKSTONE GROUP 345 PARK AVENUE NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate
Blackstone Holdings I L.P. C/O THE BLACKSTONE GROUP 345 PARK AVENUE NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate
Blackstone Holdings I/II GP Inc C/O THE BLACKSTONE GROUP 345 PARK AVENUE NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate
Blackstone Group L.P. 345 PARK AVENUE NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate
Blackstone Group Management L.L.C. 345 PARK AVENUE NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate
Ostrover Douglas I C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC 345 PARK AVE NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate
Goodman Bennett J C/O GSO/BLACKSTONE DEBT FUNDS MGMT 345 PARK AVE 31ST FLOOR NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate
Smith J Albert III C/O GSO/BLACKSTONE DEBT FUNDS MGMT, LLC 345 PARK AVE 31ST FLOOR NEW YORK,Â NYÂ 10154	Â	Â	Â	Affiliate

Signatures

/s/ Marisa Janel Beeney		09/25/2012
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	GSO Capital Partners LP is the sole member of GSO / Blackstone Debt Funds Management LLC. GSO Advisor Holdings L.L.C. is the general partner of GSO Capital Partners LP. Blackstone Holdings I L.P. is the sole member of GSO Advisor Holdings L.L.C. Blackstone Holdings I/II GP Inc. is the general partner of Blackstone Holdings I L.P. The Blackstone Group L.P. is the controlling shareholder of Blackstone Holdings I/II GP Inc. Blackstone Group Management L.L.C. is the general partner of The Blackstone Group L.P. Stephen A. Schwarzman is the founding member of Blackstone Group Management L.L.C.
(2)	In addition, each of Bennett J. Goodman, J. Albert Smith III and Douglas I. Ostrover may have shared investment control with respect to the Common Shares.
(3)	Information with respect to each of the Reporting Persons is given solely by such Reporting Persons, and no Reporting Person has responsibility for the accuracy or completeness of information supplied by another Reporting Person.
(4)	Due to the limitations of the electronic filing system, Mr. Stephen A. Schwarzman is filing a separate Form 3.
Â Remarks: AdditionalÂ ReportingÂ Owners: GSOÂ CapitalÂ PartnersÂ LPÂ 345Â ParkÂ AveÂ 31stÂ FLÂ NewÂ York,Â NYÂ 10154 GoodmanÂ BennettÂ JÂ 345Â ParkÂ AveÂ 31stÂ FLÂ NewÂ York,Â NYÂ 10154 SmithÂ JÂ AlbertÂ IIIÂ 345Â ParkÂ AveÂ 31stÂ FLÂ NewÂ York,Â NYÂ 10154 OstroverÂ DouglasÂ IÂ 345Â ParkÂ AveÂ 31stÂ FLÂ NewÂ York,Â NYÂ 10154 GSOÂ AdvisorÂ HoldingsÂ L.L.CÂ C/OÂ TheÂ BlackstoneÂ GroupÂ 345Â ParkÂ AveÂ NewÂ York,Â NYÂ 10154 BlackstoneÂ HoldingsÂ IÂ L.P.Â Â TheÂ BlackstoneÂ GroupÂ 345Â ParkÂ AveÂ NewÂ York,Â NYÂ 10154 BlackstoneÂ HoldingsÂ I/IIÂ G.P.Â IncÂ TheÂ BlackstoneÂ GroupÂ 345Â ParkÂ AveÂ NewÂ York,Â NYÂ 10154 BlackstoneÂ GroupÂ L.P.Â 345Â ParkÂ AveÂ NewÂ YorkÂ NYÂ 10154 BlackstoneÂ GroupÂ ManagementÂ L.L.CÂ 345Â ParkÂ AveÂ NewÂ YorkÂ NYÂ 10154

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