Franklin Square files for new private BDC

The FSIC IV vehicle plans to offer 250 million shares at $10.60 per share to raise up to $2.65 billion.  

Franklin Square Capital Management has filed with the Securities and Exchange Commission to register its offering of 250 million shares at $10.60 per share. The FSIC IV vehicle has a proposed maximum aggregate offering of $2.65 billion. FSIC is advised by Philadelphia-based Franklin Square, which handles administration and capital raising for the public and private vehicles, while Blackstone-owned GSO Capital Partners sub-advises the BDCs and handles loan origination.

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