FS Investment Corporation III (FSIC III), a business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies, announced its operating results for the quarter ended March 31, 2016.
FS Investment Corporation IV (FSIC IV), a business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies, announced its operating results for the quarter ended March 31, 2016. As previously disclosed, FSIC IV will hold a conference call to discuss these results at 11:30 a.m. Eastern Time on Friday, May 20, 2016. Information for those interested in participating on the call can be found below.
Alts leader exceeds $250 million mark in direct lending for 14th consecutive quarter.
Franklin Square Capital Partners (Franklin Square), the largest manager of business development companies (BDCs), announced an upsizing of its senior secured unitranche loan to support the merger of Air Energi Group Limited with Swift Worldwide Resources Limited, a portfolio company of the New York-based middle market private equity firm Wellspring Capital Management, to form Airswift Holdings Limited.
Franklin Square once again hosted the Children’s Scholarship Fund Philadelphia (CSFP) Annual Lottery Day last week at its Philadelphia headquarters.
FSIC III announced the addition of James W. Brown to its board of directors.
FS Investment Corporation II (“FSIC II”) announced today plans to release its fourth quarter and full year 2015 results on Friday, March 25, 2016.
Local fashion designer creates red dress for actress Ta’Rhonda Jones.
Franklin Square Capital Partners, the largest manager of business development companies (BDCs), has unveiled an innovative structure for non-traded alternative investments that reduces fees and seeks to align the interests of investors, advisors, regulators and sponsors. The firm recently announced that FS Investment Corporation IV (FSIC IV), an income-focused non-traded business development company (BDC), commenced operations with an industry-leading commission structure that responds to FINRA Regulatory Notice 15-02 (15-02).
With the introduction of FSIC IV, Franklin Square has created a new commission structure that lowers investor fees. InvestmentNews’ Bruce Kelly explores the significance to investors and the alternatives industry.