PHILADELPHIA – October 22, 2024 – FS Investments, an $82 billion global alternative asset manager, today announced Chris Condelles has been named Chief Strategy and Corporate Development Officer. In his new role, Mr. Condelles will oversee FS Investments’ corporate strategy and lead its corporate development and M&A activities with a focus on driving growth. He will continue to supervise the firm’s capital markets and business unit management groups and work to expand its Bridge Street CLO platform.
“Since joining FS Investments in 2016, Chris has developed an in-depth knowledge of the business and successfully executed large-scale strategic and growth initiatives,” said Michael Forman, Chairman and CEO of FS Investments. “We recognize that keenly focusing on strategy and accelerating the pace of our M&A activities will be critical to FS Investments’ continued success. We are confident this expanded role will allow Chris to direct his expertise toward accelerating our growth.”
“I am eager to build on the excellent work done by our strategy team over the past several years,” added Mr. Condelles. “I look forward to working with our leadership team to best position FS Investments to succeed amid the competitive landscape and trend of increased consolidation in our industry.”
Mr. Condelles joined FS Investments in 2016 as Head of Capital Markets. He has since served the firm in numerous leadership positions, including Chief Operating Officer, Deputy Chief Financial Officer, and Chief Financial Officer of FS Credit REIT. Prior to joining FS Investments, Mr. Condelles spent over 12 years at Credit Suisse, most recently as Head of U.S. Credit and Financing Solutions, where he managed a multi-billion-dollar investment portfolio as part of overseeing the firm’s Structured Credit Investing, Credit Repo and Credit Asset Financing businesses within the Americas. He was also an Executive Committee member and Global Treasurer of Credit Suisse’s leading Global Credit Products division.
Mr. Condelles received a BS in Financial Economics from Binghamton University and an MBA with dual concentrations in Finance and Entrepreneurial Management from the Wharton School of the University of Pennsylvania. He is a CFA charterholder.
About FS Investments
FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $82 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues and giving back to its communities. The firm has more than 500 employees across offices in the U.S, Europe and Asia and is headquartered in Philadelphia.
Contact Information
Melanie Hemmert
215-309-6843