FS Investments hires Credit Suisse veteran

Chris Condelles has joined the asset manager to oversee and expand its investor relationships.

FS Investments (formerly Franklin Square Capital Partners) has snagged a former head at Credit Suisse to become a new executive vice president, the company said on Thursday.

Chris Condelles will be head of capital markets and investor relations in the firm’s headquarters in Philadelphia, according to a statement. Condelles will oversee the firm’s relationships with institutional investors, banks, rating agencies and the analyst community.

He will not focus on the firm’s brokerage firm relationships, which fall under the purview of the company’s head of distribution, a source familiar with the matter told Private Debt Investor.

“At a time when we are launching several new investment strategies that broaden our capabilities, his knowledge and relationships will strengthen our investment advisory team and complement our bench of senior talent,” Michael C. Forman, chairman and chief executive officer at FS Investments, said in the statement.

Previously, Condelles worked at Credit Suisse for 11 years, most recently as the head of US credit, and also an executive committee member and global treasurer of the Swiss-firm’s global credit products group.

He has led or co-led significant transactions in the financial services industry, including Canada Pension Plan Investment Board’s $12 billion acquisition of Antares Capital from GE Capital, the asset manager said.

Condelles earned a BS in Financial Economics from Binghamton University and an MBA from the Wharton School at the University of Pennsylvania.

The asset manager currently manages six funds with over $18 billion in assets under management as of 30 September 2016, according to the statement.

Founded in 2007, the firm rebranded itself from Franklin Square Capital Partners to FS Investments last August.