FS Credit Opportunities Corp.

Alternative access to public and private markets

Learn more about FSCO

FS Credit Opportunities Corp.

Alternative access to public and private markets

Learn more about FSCO

Why FSCO now?

With over $2 billion1 in assets, FS Credit Opportunities Corp. (NYSE: FSCO) is one of the largest credit-focused closed-end funds by asset size in the public market.

Our flexible strategy allows us to invest in loans, bonds and structured credit, across public and private markets, and in both fixed and floating rate coupons with a focus on senior secured debt.

Our flexibility and closed-end fund structure has helped deliver:

An attractive dividend
Strong total returns
Low average duration

FSCO scorecard

9%

Target annualized distribution at listing2

1.25

Years average duration3

+60%

Floating rate assets4

+80%

Senior secured debt5

Since 1/2018, outperformed

High yield bonds by

237

bps per year6

Loans by

127

bps per year6

Since 1/2018, outperformed
High yield bonds by Loans by

9%

Target dividend2

1.18 years

Average duration3

+60%

Floating rate assets4

81%

Senior secured debt5

237

bps per year6

129

bps per year6

Goodbye, 60/40

It’s no secret the traditional 60/40 portfolio simply isn’t doing what it used to for investors. Rather than hanging on in a bad relationship, hoping we can capture what’s been lost, we believe now is the time to walk away—for good—from the 60/40. 

In a market where flexibility and investment discipline are critical to driving return and generating income, we need a strategy like FS Credit Opportunities Corp. We truly feel we need to pursue the attractive dividend and access to credit opportunities in both public and private markets that FSCO offers.

We wish we could say we’re sorry, but we’re not.

The team behind FSCO

The FS Investments Special Situations and Liquid Credit team was founded by Andrew Beckman and Nick Heilbut in 2018. The full breadth of their investment expertise to source, analyze and structure a broad universe of investment opportunities, such as in syndicated and private credit, private equity and structured products, reflects the team’s extensive experience.

$3B+

Assets under management1

10

Investment professionals

16

Average years’ experience

5

Credit cycles the team has invested across

300+

Investments made since 2018

Andrew Beckman

Head of Liquid Credit & Special Situations

Mr. Beckman spent much of his career at Goldman Sachs as Co-Head of the Special Situations Multi-Strategy Investing Group. More recently, he was the Head of Corporate Credit and Special Situations at DW Partners and Head of the Event-Credit business at Magnetar Capital.

View Andrew’s profile  

Nicholas Heilbut

Portfolio Manager, Director of Research

Mr. Heilbut worked with Mr. Beckman at Goldman Sachs in the Special Situations Multi-Strategy Investing Group. More recently, he was a Managing Director at DW Partners focusing on stressed and distressed debt and Head of Research for Magnetar’s Event-Credit business. 

View Nick’s profile  

Get to know the team
Learn more about FSCO

View important disclosures

  • As of June 30, 2022.
  • Target dividend is based on the Fund’s net asset value as of October 31, 2022. The actual dividend yield at and post-listing may be higher or lower based on the then current NAV. The payment of future dividends on FSCO’s common shares is subject to the discretion of FSCO’s board of directors and applicable legal restrictions and, therefore, there can be no assurance as to the amount or timing of any such future dividends.
  • As of June 30, 2022, based on all debt instruments in FSCO’s portfolio. Duration measures the sensitivity of a fixed income investment’s price to changes in interest rates and is measured in years. A duration of 1.18 years suggests that a 1% change in interest rates would equate to a 1.18% change in FSCO’s net asset value.
  • As of June 30, 2022, includes floating rate assets on a look-through basis within FSCO’s Asset Based Finance investments.
  • As of June 30, 2022, senior secured debt includes first lien loans, second lien loans and senior secured bonds.
  • As of October 31, 2022. High yield bonds are represented by the ICE Bank of America Merrill Lynch U.S. High Yield Bond Index. Loans are represented by the Credit Suisse Leveraged Loan Index.
Cautionary Statement Concerning Forward-Looking Statements
Statements included herein may constitute “forward-looking” statements as that term is defined in Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, including statements with regard to future events or the future performance or operations of the Company. Words such as “intends,” “will,” “expects,” and “may” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, geo- political risks, risks associated with possible disruption to the Company’s operations or the economy generally due to hostilities, terrorism, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in the Company’s operating area, unexpected costs, the price at which the Company’s shares of common stock may trade on the New York Stock Exchange and such other factors that are disclosed in the Company’s filings with the Securities and Exchange Commission (the “SEC”). The inclusion of forward-looking statements should not be regarded as a representation that any plans, estimates or expectations will be achieved. Any forward-looking statements speak only as of the date of this communication. Except as required by federal securities laws, the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

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