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Leading BDC lends $4bn in 2016

By Daniel Lanyon on 13th April 2017

FS Investments closed more than $1.7bn of middle market commitments in the fourth quarter of 2017 alone.



FS Investments, the alternative investment manager and the largest manager of business development companies (BDCs), has announced that its BDC direct lending platform committed more than $1.7 billion in senior secured loans and other debt and equity financing to middle market companies in the fourth quarter of 2016, bringing its total originations in 2016 to approximately $4bn.


The directly originated investments supported five new portfolio companies and provided financing to several existing portfolio companies during the quarter. The 2016 commitments were provided by five BDCs managed by affiliates of FS Investments and affiliates of GSO Capital Partners LP: FS Investment Corporation, FS Investment Corporation II, FS Investment Corporation III, FS Investment Corporation IV and FS Energy and Power Fund (FSEP).


This included large loans to the support Odyssey Investment Partners' acquisition of Addison Group, a new senior secured unitranche loan to Empire Today, the largest in-home sales flooring company in the United States.


The firm provides access to alternative sources of income and growth through funds managed in partnership withinstitutional investment advisers. FS Investments was 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 $1bn in assets under management.


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