Yesterday, we announced that we have closed the merger between FS Investment Corporation (FSIC) and Corporate Capital Trust. This announcement was the culmination of months of hard work with our partners at KKR and marks another important milestone for our investors and our Firm.
The close of this merger comes at the close of the year – a time to reflect and look forward to what’s next. Since first announcing the transition of the management of several funds last December, our team has had a number of accomplishments.
We formed partnerships with KKR and EIG to jointly advise the FSIC/CCT franchise and FS Energy & Power, respectively; we further enhanced our internal investment capabilities and brought the management of FS Global Credit Opportunities in-house; and we announced and completed the merger of our two publicly traded vehicles – all of which required the execution of seven successful proxy processes.
Of course, we have accomplished much more across the Firm. For example, we further diversified distribution, advanced our technological capabilities and expanded our FS Financial Scholars program, reaching hundreds more Philadelphia youth with financial literacy and entrepreneurship education.
These and other initiatives have required significant commitment and effort from our employees across the Firm. I am inspired by and extremely proud of the team we have built, and I thank all my colleagues for their dedication and for sharing their talent with us, our investors and the community.
Everything we’ve done over the past year has been with an eye toward maximizing long-term value for our investors and being dedicated corporate citizens. We approach the end of 2018 as a stronger, larger organization poised to deliver consistent, sustained value to our investors and our communities. I look forward to a successful 2019 and wish all of you a happy, healthy and prosperous new year.