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FS Investments’ BDC closes on USD1bn of middle market commitments


FS Investments’ business development company (BDC) direct lending platform committed approximately USD988 million in senior secured loans and other debt and equity financing to middle market companies in the third quarter of 2016, bringing its year-to-date total originations to more than USD2.2 billion.

New directly originated investments during the quarter were made in support of nine portfolio companies headquartered in seven US states.
 
“Our ability to customise financing solutions to a company’s specific needs delivers a unique value to those businesses and, ultimately, our investors,” says Michael C Forman, chairman and chief executive officer of FS Investments. “In several cases, we upsized our financing for existing portfolio companies, where the added capital helps those companies expand their operations.”
 
Newly committed capital was provided by five BDCs managed by affiliates of FS Investments and sub-advised by GSO Capital Partners or its affiliate: FS Investment Corporation, FS Investment Corporation II, FS Investment Corporation III, FS Investment Corporation IV and FS Energy and Power Fund. FS Investments is the largest manager of BDCs.

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