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.

We give back to our communities – through volunteerism, charitable giving and nonprofit board service – and believe our focus on civic and charitable engagement drives a firmwide mindset that reinforces the fiduciary duty we owe our investors. Philadelphia Financial Scholars Philadelphia Financial Scholars’ roots date back to 2016, when the FS Foundation, the philanthropic...

FS Energy and Power Fund (“FSEP”) successfully satisfied its minimum offering requirement of $2.5 million in offering proceeds raised from persons not affiliated with FSEP or its investment adviser, and admitted its initial public investors as shareholders.

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Midstream led a continued recovery for the broader energy sector in May. While falling production volume is a negative for midstream, many firms have protections in place to help mitigate impacts.