Year-over-year change in inflation expectations and Treasury yields

FS Investments (FS) and EIG Global Energy Partners (EIG) today announced the closing of their previously announced transaction to manage FS Energy and Power Fund (FSEP), the largest energy-focused BDC in the marketplace with $4.3 billion in assets under management.

FS Investments and KKR today announced the closing of their previously announced transaction to create the market’s largest business development company (BDC) platform, with $18 billion in combined assets under management.

The FS Foundation, the philanthropic arm of FS Investments, today announced the opening of the application period for its 2018 FS Financial Scholars program, a financial literacy initiative created in collaboration with the University of Pennsylvania.

For the third year in a row, FS Investments hosted the American Heart Association’s Navy Yard Goes Red event at its headquarters. The event raised funds for the Heart Association's national Go Red For Women initiative, an effort that advocates for more research and swifter action for women’s heart health through coordinated educational programming, fundraising and events annually.

S&P 500 Index daily price moves

Benefiting from their floating rate coupon and position at the top of the capital structure, senior secured loan prices remained relatively steady in the face of rising short-end U.S. Treasury yields and a decline in U.S. equity prices.