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FS Investment Corporation III Names James W. Brown to Board of Directors

March 2, 2016

PHILADELPHIA, PA – FS Investment Corporation III (FSIC III), a business development company sponsored by leading alternative investment manager Franklin Square Capital Partners, today announced the addition of James W. Brown to its board of directors. As an independent director, he will join the board to help oversee the fund’s investment activities and corporate governance.

Mr. Brown most recently served as Chief of Staff to United States Senator Robert P. Casey, Jr. (D-Pa.). Before joining Senator Casey’s staff, he was a founding partner of SCP Private Equity Partners, a managing director of CIP Capital, Chief of Staff to Pennsylvania Governor Robert P. Casey, Pennsylvania Secretary of General Services and a partner in the Dilworth Paxson law firm. He has served as a director of a number of public and privately held companies, and was Chairman of the board of directors of TMG Health, Inc. and AirNet Communications Corporation.

“Jim has well-rounded experience in public service, law, business and private equity and will bring valuable perspectives to our board,” said FSIC III’s Chairman, President and Chief Executive Officer Michael C. Forman. “We are looking forward to having him join.”

Mr. Brown was also a trustee of the Pennsylvania State Employees’ Retirement System, a trustee/designee of the Pennsylvania Public School Employees’ Retirement System and was Chairman of the Finance Committee of the Pennsylvania Housing Finance Agency. He previously served as a trustee of the Gesu School, a founding trustee of the Young Scholars Charter School, Chairman of the board of directors of the Pennsylvania State System of Higher Education Foundation and a trustee of Immaculata University. In addition, Mr. Brown taught as an adjunct professor in Villanova University’s undergraduate Honors Program and was recently appointed as a member of the board of managers of the Milton Hershey School and the board of directors of the Hershey Trust Company.

Mr. Brown received his undergraduate degree from Villanova University and his law degree from the University of Virginia School of Law.

About FS Investment Corporation III

FSIC III is a publicly registered, non-traded business development company (BDC) sponsored by Franklin Square Capital Partners (Franklin Square). FSIC III focuses primarily on investing in the debt securities of private companies throughout the United States, with the investment objectives of generating current income and, to a lesser extent, long-term capital appreciation for its investors. FSIC III is advised by FSIC III Advisor, LLC, an affiliate of Franklin Square, and is sub-advised by GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners LP (GSO). GSO, with approximately $79 billion in assets under management as of December 31, 2015, is the credit platform of Blackstone. For more information, please visit

About Franklin Square

Franklin Square is a leading manager of alternative investment funds designed to enhance investors’ portfolios by providing access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors. The firm’s funds offer “endowment-style” investment strategies that help construct diversified portfolios and manage risk. Franklin Square strives not only to maximize investment returns but also to set the industry standard for best practices by focusing on transparency, investor protection and education for investment professionals and their clients.

Founded in Philadelphia in 2007, Franklin Square quickly established itself as a leader in the world of alternative investments by introducing innovative credit-based income funds, including the industry’s first non-traded BDC. As of September 30, 2015, the firm managed approximately $17.0 billion in total assets, including $15.7 billion in BDC assets, making it the largest manager of BDCs. For more information, please visit

Important Disclosures

Individual investors and endowments may have different investment horizons, liquidity needs and risk tolerances. In addition, fees that may be incurred by an investor in a fund sponsored by Franklin Square may be different than fees incurred by an endowment investing in similar assets as those in which the funds invest.

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