FS Investments announced the promotion of the firm’s Chief Investment Officer, Mike Kelly. Effective immediately, Mr. Kelly will become President while also remaining Chief Investment Officer.

FS Investment Corporation (NYSE: FSIC), a publicly traded business development company focused on providing customized credit solutions to private middle market U.S. companies, announced its operating results for the quarter ended June 30, 2017, that its board of directors has declared its third quarter 2017 regular distribution and that its investment adviser has agreed to a one-year waiver of a portion of the base management fee payable by FSIC commencing on October 1, 2017.

Lara Rhame, FS Investments senior economist, spoke on “Bloomberg Daybreak: Americas” and Bloomberg Markets AM to discuss retail sales, consumer spending and economic growth expectations.

Our Drexel University co-op student employees and summer interns volunteered with Urban Tree Connection, a non-profit dedicated to urban land revitalization and redevelopment, helping mulch, weed and clean the grounds of a community garden in West Philadelphia.

FS Investments, a leading alternative investment manager and the largest manager of business development companies (BDCs), announced that its BDC direct lending platform committed more than $1.1 billion in senior secured loans and other debt and equity financing to middle market companies in the second quarter of 2017. The directly originated investments supported five new portfolio companies and provided financing to several existing portfolio companies during the quarter.

Alternative asset manager names Rob Lawrence as Global Head of Real Estate and commences operations on first REIT product