FS Investment Corporation
| Business Development Company | |
| ISIN | 🆔 |
| Industry | Private equity |
| Founded 📆 | 2007 |
| Founder 👔 | |
| Headquarters 🏙️ | Philadelphia, Pennsylvania, United States |
Area served 🗺️ | |
| Products 📟 | Investments, private equity funds, alternative investments |
| Revenue🤑 | $400 Million[1] |
| Members | |
Number of employees | 251-500[2] |
| 🌐 Website | www.fsinvestments.com |
| 📇 Address | |
| 📞 telephone | |
FS Investment Corporation (FSIC) is a publicly traded business development company focused on customized credit solutions to private middle market U.S. companies, headquartered in Philadelphia, PA with offices in New York, NY, Orlando, FL and Washington, DC.[3]
History[edit]
FS Investment Corporation began as Franklin Square Capital Partners in 2007[4] founded by Michael Forman and David J. Adelman[5][6] The first closed-end fund, FS Investment Corp, opened to clients in January of 2009, at which point the fund was raising approximately $150 million USD per month.[7] In December 2018 a partnership between FSIC and KKR Credit Advisors announced the merger of FSIC and Corporate Capital Trust, Inc to create the second-largest publicly traded business development company in the world, and began trading on the New York Stock Exchange under the ticker “FSK”.[8] While managing over $24 billion USD across 12 different funds, in late 2018, the FSIC acknowledged many performance problems to investors, and the eroding valuation of its flagship fund.[9]
Funds[edit]
Open[edit]
- FS Credit Real Estate Income Trust
- FS Credit Income Fund
- FS Energy Total Return Fund
- FS Multi-Strategy Alternatives Fund
Publicly Listed[edit]
- FS KKR Capital Corp (NYSE: FSK)
Closed[edit]
- FS Investment Corporation II
- FS Investment Corporation III
- FS Investment Corporation IV
- FS Energy & Power Fund
- FS Global Credit Opportunities Fund
- Corporate Capital Trust II
See also[edit]
- Business Development Company
- Private equity
- Publicly traded private equity
- History of private equity and venture capital
- Venture capital trust
References[edit]
- ↑ "FS Investments Competitors, Revenue and Employees - Owler Company Profile". Owler.
- ↑ "FS Investments". Crunchbase.
- ↑ "FS/KKR Announces Closing of Merger of FS Investment Corporation and Corporate Capital Trust". www.news9.com.
- ↑ https://www.bizjournals.com/philadelphia/news/2016/08/16/franklin-square-capital-partners-changes-name-fsic.html
- ↑ Brown, Abram. "The Overly Expensive, Tricky To Sell Investment Product Everyone Seems To Be Buying". Forbes.
- ↑ "Bloomberg - Are you a robot?". www.bloomberg.com.
- ↑ DiStefano, Joseph N. "Franklin Square profits from US problems". www.philly.com.
- ↑ "FS/KKR Announces Closing of Merger of FS Investment Corporation and Corporate Capital Trust - News | ABL Advisor". www.abladvisor.com.
- ↑ Kelly, Bruce. "As it works to pull off a merger, FS Investments admits shortcomings". www.investmentnews.com.
External links[edit]
- FS Investments (company website)
- FS|KKR (company website)
Private equity and venture capital investment firms | ||
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| Investment strategy |  | |
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