FS Investments’ Partnership with KKR

On December 11th, FS Investments (FS) announced that FS and KKR have entered into an agreement to create the largest business development company platform, with $18 billion in combined assets under management. The partnership will include FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II, FS Investment Corporation III, FS Investment Corporation IV and Corporate Capital Trust. In January 2018, the FSIC funds intend to begin seeking stockholder approval of the new investment advisory agreements

About FS Investment Corporation

FS Investment Corporation (NYSE: FSIC) is a publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. We seek to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market U.S. companies to achieve the best risk-adjusted returns for our investors. In connection with our debt investments, we may receive equity interests such as warrants or options.

FSIC is advised by FB Income Advisor, LLC, an affiliate of FS Investments, a leading manager of debt-focused alternative investment funds, and sub-advised by GSO / Blackstone Debt Funds Management LLC, an affiliate of GSO Capital Partners, the credit platform of Blackstone.

 

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