FS Investments:
A leading alternative asset manager

We never settle on behalf of our investors.

Meet a firm unbound by conventional thinking

FS Investments strives to solve investor needs by creating access to alternative ideas and institutional-quality managers to achieve a higher probability of investment success. We never settle on behalf of investors by providing best-in-class management, customized structures and investment education.

Partnering with industry leaders

Offering industry-leading portfolio management expertise

Our experts from a variety of backgrounds aspire to lead the industry in investment performance, investor protections and transparency.

Mike Kelly

Co-President +
Chief Investment Officer

Get Mike’s insights  

Lara Rhame

Chief U.S. Economist


Get Lara’s insights  

Ryan Caldwell

Chief Investment Officer,
Chiron Investment Management

Get Ryan’s insights  

Brian Cho

Head of Quantitative Research


Get Brian’s insights  

Access our insights on the
markets and economy

Read articles and research or listen to our podcast to get insights from our experts on the economy, real estate, credit, energy, alternatives and equities.

What we’re watching in 2021

Rebounding from the pandemic

Though pandemic-related challenges remain, economic optimism is in the air and growth is expected to surge—are we finally coming full circle on this unprecedented economic cycle? 

Fixing your fixed income

Current low rates make life difficult for income-starved investors and, worse, have called into question the basic ability of traditional fixed income portfolios to meet investors’ expectations.

Will growth continue?

Recent indicators show the U.S. is expanding at the fastest rate since WWII, but that growth has come at a price—inflation. How (and when) will the central bank address this along with employment goals?

We’ve partnered with NYDIG to offer secure, efficient access to Bitcoin

Learn more about our partnership with a true leader in the cryptocurrency space.

Our focus funds

Turning new thinking into alternative opportunities that aim to navigate market volatility and uncertainty.

Alternative credit

FS Credit Income Fund

Multi-sector strategy focused on catalyst-driven opportunities in liquid and less-liquid credit outside traditional benchmarks
Real assets

FS Credit REIT

Private, senior loans secured by commercial real estate

One-stop global allocation

FS Chiron Capital Allocation Fund

Global, style-agnostic strategy that dynamically invests across market cycle

We’re part of something bigger  

FS Investments takes pride in our unwavering commitment to our clients, colleagues and surrounding communities. We’re devoted to giving back to something greater than ourselves.

FS Thrive

We partner with leading subject matter
experts to create and deliver timely webinar content designed to help you better manage your advisory business.

Diversity + inclusion

We believe our business is made stronger with a more diverse set of backgrounds, experiences and perspectives at the table.

Corporate social responsibility

We give back to our communities through volunteerism, charitable giving and nonprofit board service.


Risk factors

Investing involves risk, including possible loss of principal. There is no assurance that a Fund will meet its objective.

FS Credit Income Fund

The Fund is non-diversified under the Investment Company Act of 1940 since changes in the financial condition or market value of a single issuer may cause a greater fluctuation in the Fund’s net asset value than in a diversified fund.

Investing in the Fund involves risks, including the risk that a shareholder may receive little or no return on their investment or that a shareholder may lose part or all of its investment. Below is a summary of some of the principal risks of investing in the Fund. The following is only a summary of certain risks of investing in the Fund. For a more complete discussion of the risks of investment in the Fund, see the Fund’s prospectus, including the risk factors set forth under the heading entitled ’Types of Investments and Related Risks,’ before deciding to invest in the Fund.

Risks related to the Fund’s investments include risks relating to:

Other risks relating to the Fund include risks resulting from:

Accordingly, the Fund should be considered a speculative, long-term investment of limited liquidity that entails substantial risks, and prospective investors should invest in the Fund only if they can sustain a complete loss of their investments.

FS Credit Real Estate Income Trust

This sales and advertising literature does not constitute an offer to sell nor a solicitation of an offer to buy or sell securities. An offering is made only by the prospectus. This material must be read in conjunction with the FS Credit Real Estate Income Trust, Inc. (FS Credit REIT) prospectus in order to fully understand all of the implications and risks of the offering of securities to which the prospectus relates. A copy of the prospectus must be made available to you in connection with any offering. No offering is made except by a prospectus filed with the Department of Law of the State of New York. Neither the Securities and Exchange Commission nor any other regulatory body has approved or disapproved of FS Credit REIT’s securities or determined if its prospectus is truthful or complete. Neither the Attorney General of the State of New York nor the Securities Division of the Office of the Maryland Attorney General has passed on or endorsed the merits of this offering. Any representation to the contrary is a criminal offense.

Investing in FS Credit REIT involves significant risk, including the risk of a substantial loss of investment. The following are some of the risks an investment in FS Credit REIT’s common stock involves; however, you should carefully consider all of the information found in the section of FS Credit REIT’s prospectus entitled “Risk Factors” before deciding to invest in shares of FS Credit REIT’s common stock.

FS Chiron Capital Allocation Fund

Investing involves a high degree of risk, including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility and lower trading volume; international investments may involve risk of capital loss from unfavorable fluctuation in currency values, difference in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to these factors as well as increased volatility and lower trading volume. REIT investments are subject to changes in economic conditions, credit risk and interest rate fluctuations. The Fund may invest in derivatives, which are often more volatile than other investments and may magnify the Fund’s gains or losses. There is no assurance that the Fund will meet its objective.

Securities offered through FS Investment Solutions, LLC (member FINRA/SIPC). FS Investment Solutions, LLC is an affiliated broker-dealer that serves as the wholesaling distributor of non-traded funds sponsored by FS Investments. FS Chiron Capital Allocation Fund and FS Chiron SMid Opportunities Fund are distributed by SEI Investments Distribution Co. (SIDCO). SIDCO is not affiliated with FS Investments. An investment in any fund sponsored by FS Investments involves a high degree of risk and may be considered speculative.

Investors are advised to consider the investment objectives, risks, and charges and expenses of the applicable fund carefully before investing. The applicable fund’s prospectus contains this and other information. Investors may obtain a copy of the applicable fund’s prospectus free of charge at www.fsinvestments.com or by contacting FS Investments at 201 Rouse. Blvd., Philadelphia, PA 19112 or by phone at 877-628-8575. Investors should read and carefully consider all information found in the applicable fund’s prospectus and other reports filed with the U.S. Securities and Exchange Commission before investing.