He created the firm last year as he stepped back from his role as co-chief executive officer of Carlyle.
Private equity firms are coming off a record year for fundraising.
The 52-year-old plans to pursue other opportunities but will remain with GSO until the end of June.
The world’s largest private equity firm says individual investors could make up half its assets in five years.
House Ways and Means Chairman Brady said he will attach a “two-year holding period” to carried interest.
The firm’s real estate business, its largest by assets at $104 billion, led sales in the quarter.
As the golf industry slumps, the private equity firm has bought a firm that operates country clubs in California and Texas.
About 4,500 of the world’s most influential people gathered in Beverly Hills for the Milken Institute conference.
Firms like Carlyle, Blackstone and KKR are eyeing the $4.8 trillion in 401(k)s.
Blackstone agreed to sell its remaining 21 percent stake in the theme-park operator.