The Philadelphia-based alternative asset manager has a new head of capital markets and investor relations
FS Investments has hired Chris Condelles as Head of Capital Markets and Investor Relations, based in the firm's Philadelphia headquarters.
Condelles is tasked with helping expand the reach of the firm's growing suite of funds and Business Development Companies and by overseeing relationships with key stakeholders including institutional investors, banks, rating agencies and the analyst community.
"Chris brings substantial experience building profitable credit and financing solutions businesses to our platform at FS Investments," said Michael C. Forman, Chairman and CEO of FS Investments. "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."
Condelles previously spent 11 years with Credit Suisse where he most recently served as head of U.S. Credit and Financing Solutions, overseeing a team of trading, structuring, credit analyst and sales personnel.
In addition to running several businesses at Credit Suisse, Chris was an Executive Committee member and the Global Treasurer of Credit Suisse's Global Credit Products group. He also oversaw the purchase of Canada Pension Plan Investment Board's $12bn acquisition of Antares Capital from GE Capital, a recent private $3.6bn acquisition of a middle market loan portfolio and a private $2.6bn financing of a distressed loan portfolio.
FS Investments is a leading asset manager providing access to alternative sources of income and growth through funds managed in partnership with institutional investment advisers. Founded in 2007 as Franklin Square Capital Partners, it is headquartered in Philadelphia with offices in Orlando and Washington, DC. The firm currently manages six funds with over $18bn in assets under management.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.