Alternatives access for all
FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $76 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. We never settle when solving investor needs and are committed to investor protection, education and transparency.
The firm was founded in 2007 with a vision of providing individual investors access to alternative asset classes and strategies historically available only to large institutions and ultra-high-net-worth individuals. We combined with Portfolio Advisors in 2023, meaningfully expanding our investment capabilities and broadening our client base. Since its inception in 1994, Portfolio Advisors has provided tailored private markets investment solutions to its institutional clients, specializing in the middle market.
Together, we provide access to a broad suite of alternative asset classes and strategies, including private equity, credit, real assets and multi-asset investments, through our best-in-class investment teams and partners. With our diversified platform and flexible capital solutions, FS Investments is a valued partner to general partners, asset owners and portfolio companies.
FS Investments is grounded in our high-performance culture and guided by our shared commitment to clients, colleagues and communities. We have more than 500 employees across offices in the U.S., Europe and Asia and are headquartered in Philadelphia.
Key facts
All data as of 6/30/2023Michael Forman
Chairman + CEO
$76+ billion
AUM1
22 funds
Private and public market offerings
10 offices
Philadelphia, Darien, Dallas, Hong Kong, Kansas City, London, New York City, Orlando, Singapore, Zurich
530+
Professionals
Our story – transforming the investment landscape
Michael Forman launches Franklin Square with co-founder David Adelman and a small group of colleagues.
FS Global Credit Opportunities Fund launches as the first unlisted closed-end fund.
Franklin Square reaches $10 billion in assets under management.
FSIC, the industry’s first non-traded business development company, lists on the NYSE.
Doors open at the new company headquarters, located in Philadelphia’s historic Navy Yard.
Franklin Square becomes FS Investments.
FS Energy Total Return Fund launches in partnership with Magnetar Asset Management.
FS Multi-Strategy Alternatives Fund launches in partnership with Wilshire Associates Incorporated.
FS Credit Real Estate Income Trust launches in partnership with Rialto Capital Management.
FS Credit Income Fund launches in partnership with GoldenTree Asset Management.
FS Long/Short Equity Fund launches.
FSIC merges with Corporate Capital Trust and is renamed FS KKR Capital Corp. (FSK).
Fund mergers form FS KKR Capital Corp. II, the second-largest business development company.
FS Investments acquires Chiron Investment Management, LLC.
FS KKR Capital Corp. (FSK) and FS KKR Capital Corp. II (FSKR) merge, creating a $15 billion BDC.
FS Investments partners with NYDIG to offer access to simple, efficient, and cost-effective bitcoin products.
FS Chiron Real Assets Fund launches.
Philadelphia Financial Scholars becomes independent 501(c)3.
FS Credit Opportunities Corp. (FSCO) begins trading on the New York Stock Exchange.
FS Investments and Portfolio Advisors combine, creating a $75 billion+ alternative investment firm.
FS MVP Private Markets Fund launches.