Andrew Hedlund
The appointments represent a recognition of the pair’s success rather than succession planning, a source close to the firm told PDI.
The FS Investments-managed BDC holds equity positions in nearly 50 companies.
As US Congress gets ready to reform the tax code, private credit and private equity firms will square off with elected leaders over a tax deduction that is crucial to both asset classes.
Over 80% of the firm’s investments in the third quarter backed LBOs and acquisitions.
The firm has set a management fee of 1.5% on invested capital along with a 20% carried interest fee over a 7% hurdle rate.
The asset class continues to make inroads with limited partners even as deal documentation deteriorates.
The asset class continues to make inroads with limited partners even as deal documentation deteriorates.
The mid-market lender cut its dividend by 33% and reduced its annual net investment income outlook.
The mid-market lender, which serves as investment advisor to the FS Investment Corporation BDC, has been rolling out new strategies at a clip.
Senior Loan Fund V is levered with a credit facility provided by Wells Fargo Bank.