Firms announced that they have entered into an agreement to create the largest business development company (BDC) platform

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.

Joint venture is expected to create a platform with scale, flexibility and energy industry expertise

FS Investment Corporation IV (FSIC IV), a new business development company sponsored by Franklin Square Capital Partners (Franklin Square), has satisfied its minimum offering requirement, admitted its initial public investors as stockholders and commenced operations. FSIC IV has registered for public sale in a continuous offering up to 250 million shares of common stock.

FSIC III announced the addition of James W. Brown to its board of directors.

FS Investment Corporation II (“FSIC II”) successfully completed its minimum offering requirement of $2.5 million in capital raised from persons not affiliated with FSIC II and admitted its initial public investors as stockholders.

PHILADELPHIA, March 7, 2022 – FS Global Credit Opportunities Fund (“FSGCO” or the “Fund”), a closed-end fund investing in non-traditional credit opportunities including event-driven credit, special situations and private capital structure solutions, announced its intention to list its common stock on the New York Stock Exchange (“NYSE”) prior to the end of the third quarter,...

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.

A group of volunteers from the FS Foundation visited Kensington’s Rock to the Future to mentor students, provide homework help and learn how to play musical instruments with the help of student partners.

FS Investments recently announced the creation of a multiyear scholarship and internship program in partnership with the Community College of Philadelphia (CCP).