David J. Adelman is the co-founder and Vice Chairman of FS Investments and serves on the board of the FS Funds.
Mr. Adelman is the CEO of Philadelphia-based Campus Apartments where he redefined the college living experience in University City and nationwide; today, he is widely recognized as a national leader in student housing development and management, with more than $2 billion dollars of assets under management across 18 states housing more than 25,000 students.
An active entrepreneur and investor, Mr. Adelman is the founder of Darco Capital, his family office investment vehicle, that has made over 90 venture capital and growth capital investments ranging across climate tech, food, spirits, fintech, hospitality, sports & media, and well-known consumer-facing brands. He is a partner in Harris Blitzer Sports & Entertainment (HBSE), an industry-leading sports and entertainment group, with a global portfolio including the 76ers, New Jersey Devils, Washington Commanders, Crystal Palace of the English Premier League, and Prudential Center among others. He is the Chairman of 76DevCo, responsible for conceptualizing and building a $1.5 billion new basketball arena for the Philadelphia 76ers.
Additionally, he served as the immediate past board co-chair of the Jewish Federation of Greater Philadelphia and currently serves as a member of its Board of Directors. Additionally, he serves on the Penn Medicine Board of Trustees. As the former chairman of Philadelphia Holocaust Remembrance Foundation, Mr. Adelman spearheaded the development of The Horwitz-Wasserman Holocaust Memorial Plaza on the Ben Franklin Parkway.
Mr. Adelman was named one of Philadelphia’s Top Most Influential people by Philadelphia Magazine for three consecutive years, and is also recognized on Forbes’ list of top business leaders. He is a past recipient of the “Entrepreneur of the Year” award from Ernst & Young in the real estate category for Greater Philadelphia, and is a member of the Real Estate Roundtable.
Mr. Adelman received his BA in Political Science from Ohio State University and resides in the Philadelphia suburbs with his wife and two daughters.