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.

As of December 31, 2017, FSIC had approximately $4.1 billion in assets under management and investments in 104 portfolio companies across 17 industries.

Investment approach

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.

FSIC is differentiated by our flexible investment strategy which allows us to invest across the corporate capital structure and provide diversified exposure across multiple industries. Our core investment strategy is focused on direct originations, with opportunistic investments in broadly syndicated loans and high yield bonds.

Manager

FSIC is advised by FS/KKR Advisor, LLC (FS/KKR), a partnership between FS Investments and KKR Credit. As the largest manager of business development company (BDC) assets, FS/KKR serves as the investment adviser to six BDCs with approximately $18 billion in assets under management as of December 31, 2017. The BDCs managed by FS/KKR include FSIC, FS Investment Corporation II, FS Investment Corporation III, FS Investment Corporation IV, Corporate Capital Trust and Corporate Capital Trust II.

FS/KKR seeks to leverage the size of its platform, differentiated origination capabilities and expertise in capital markets to maximize returns and preserve capital for investors.

FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth and focuses on setting industry standards for investor protection, education and transparency.

KKR Credit is a subsidiary of KKR & Co. LP, a leading global investment firm that manages multiple alternative asset classes, including credit, private equity, energy, infrastructure, real estate, and, through its strategic manager partnerships, hedge funds.