• A leader in alternatives

    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 potential income and growth through funds managed in partnership with top institutional investment advisers. It focuses on setting industry standards for investor protection, education and transparency.

    $20+ billion
    Assets under management (AUM)
    $21.9 billion
    Middle market direct originations
    $171.8 million
    Sponsor commitment to FS offerings Sponsor commitment refers to the amount invested by individuals and entities afiliated with FS Investments.
    As of 6/30/2017

    Our sub-advisers

    Scale and expertise

    GSO Capital Partners, the credit platform of Blackstone, is one of the largest global managers of leveraged loans and non-investment grade credit. Their scale and expertise provide financing solutions that can enhance a business’s financial flexibility, while seeking to capture opportunities for investors.

    $95 billion
    GSO Capital Partners AUM
    $371 billion
    Blackstone AUM
    320 employees
    One of the largest dedicated credit teams in the world
    As of 6/30/2017

    Insight. Integrity. Passion.

    Magnetar Capital is a leading alternative investment manager with expertise in energy, fixed income, quantitative and fundamental investing. The firm invests across public and private markets, geographies, and company capital structures, leveraging deep fundamental analysis and quantitative rigor.

    $13.3 billion
    AUM
    $3.7 billion
    Assets managed by Magnetar's Energy team
    260 professionals
    A collaborative environment fosters teamwork and a continuous commitment to innovative ideas
    As of 6/30/2017

    Strong market presence

    Rialto Capital Management , directly and through certain affiliates (collectively, “Rialto”), is a leading real estate investment and asset management company and the largest non-bank originator of commercial mortgage conduit loans. Rialto’s parent company, Lennar Corporation, is one of the leading homebuilders and community developers in the United States.

    $5.4 billion
    AUM
    $8+ billion
    Originated in commercial mortgage loans
    350+ professionals
    In-house due diligence capabilities and institutional knowledge across 18 global offices
    As of 6/30/2017

    Institutional research and consulting

    Wilshire Associates is a diversified global financial services firm known for providing institutional investors with analytics, research and investment consulting services. Founded in 1972, Wilshire is a leading provider of research on alternative investments and is at the forefront of creating hybrid portfolios including alternative beta and hedge fund strategies.

    $179 billion
    In assets advised for financial intermediaries
    500+ clients
    Over 40 years of leadership serving clients in 20 countries
    Approximately 300 professionals
    70+ of whom contribute to manager research
    As of 3/31/2017

    Breadth of experience

    GoldenTree Asset Management LP is an 100% employee-owned asset management firm specializing in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, distressed debt, structured products, emerging markets and credit-themed equities. GoldenTree was founded in 2000 by Steven Tananbaum and is one of the largest independent asset managers focused on credit.

    $25 billion
    AUM
    230 professionals
    50 investment professionals
    Global presence
    Offices in New York, London, Singapore and Sydney
    As of 9/1/2017

    FAQs

    What does access to best-in-class asset managers mean for investors?

    Investing in alternative assets typically relies less on publicly available information and more on a manager’s ability to analyze and underwrite its investments. Learn more.

    What are considered “best practices” for investment managers?

    A “best practice” describes a set of guidelines, procedures, ethics or ideas that a fund manager follows in order to align its interests with investors’. Learn more.

    What is the adviser/sub-adviser model and why is it important to investors?

    The adviser/sub-adviser model is one approach to investment management. Combining the investment expertise of an adviser and sub-adviser can provide a dual layer of knowledge, experience and oversight that can benefit a fund’s investors. Learn more.