Franklin Square Closes on over $370 Million of Q1 Private Deals
Alts leader exceeds $250 million mark in direct lending for 14th consecutive quarter.
Franklin Square Upsizes Commitment to Swift Worldwide Resources
Franklin Square Capital Partners (Franklin Square), the largest manager of business development companies (BDCs), announced an upsizing of its senior secured unitranche loan to support the merger of Air Energi Group Limited with Swift Worldwide Resources Limited, a portfolio company of the New York-based middle market private equity firm Wellspring Capital Management, to form Airswift Holdings Limited.
FS Investment Corporation III Names James W. Brown to Board of Directors
FSIC III announced the addition of James W. Brown to its board of directors.
FSIC II Announces Earnings Release and Conference Call Schedule For Fourth Quarter and Full Year 2015
FS Investment Corporation II (“FSIC II”) announced today plans to release its fourth quarter and full year 2015 results on Friday, March 25, 2016.
Franklin Square’s Innovative Commission Structure Lowers Investor Fees
Franklin Square Capital Partners, the largest manager of business development companies (BDCs), has unveiled an innovative structure for non-traded alternative investments that reduces fees and seeks to align the interests of investors, advisors, regulators and sponsors. The firm recently announced that FS Investment Corporation IV (FSIC IV), an income-focused non-traded business development company (BDC), commenced operations with an industry-leading commission structure that responds to FINRA Regulatory Notice 15-02 (15-02).
InvestmentNews: Will Franklin Square start a nontraded product price war?
With the introduction of FSIC IV, Franklin Square has created a new commission structure that lowers investor fees. InvestmentNews’ Bruce Kelly explores the significance to investors and the alternatives industry.
FS Investment Corporation IV Commences Operations
FS Investment Corporation IV (FSIC IV), a new business development company sponsored by Franklin Square Capital Partners (Franklin Square), has satisfied its minimum offering requirement, admitted its initial public investors as stockholders and commenced operations. FSIC IV has registered for public sale in a continuous offering up to 250 million shares of common stock.