PHILADELPHIA, PA – January 25, 2023 – FS Investments, a leading alternative asset manager, today announced Chris Condelles has been named Chief Operating Officer.
In his new role, Mr. Condelles will collaborate with other members of the firm’s Executive Committee on high priority strategic initiatives, including supporting the firm’s investment teams, enhancing operating efficiency across the firm and driving growth initiatives. He will continue to be responsible for overseeing Capital Markets and the Fund Chief Operating Officer team.
“Chris has had a significant impact on FS Investments over the last six years and has demonstrated his ability to execute on key strategic and growth initiatives,” said Michael Forman, Chairman and CEO of FS Investments. “I am confident the firm will benefit from Chris’s expanded role as we continue to grow our business.”
Since joining FS Investments in 2016, Mr. Condelles has helped enhance key firm relationships with banks, investors, rating agencies and others. He has worked on a variety of strategic transactions and overseen the growth of the firm’s capital markets business. Under his leadership, the Capital Markets team manages, structures and executes in excess of $22 billion of liabilities across the firm and its funds. Mr. Condelles co-led the launch of the firm’s CLO platform, which has grown to over $1 billion in AUM and is poised for future growth. He has also led efforts to efficiently utilize technology to streamline firmwide processes.
“FS Investments is a great firm and I feel extremely fortunate to be surrounded by such talented colleagues,” added Mr. Condelles. “I look forward to taking on these expanded responsibilities and helping drive growth and efficiency across the firm.”
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 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 leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth, and focuses on setting industry standards for investor protection, education and transparency. FS Investments is headquartered in Philadelphia, PA with offices in New York, NY, Orlando, FL and Leawood, KS.
Ryan McDougald / Elizabeth Lake (FGS Global)