Former FS KKR BDC co-president joins NAV, fund finance lender Velocity
Brian Gerson had stepped down from his position as co-president of the listed BDC, FS KKR Capital Corp., in June 2025

FS KKR’s Lionbridge loan hit with AI threat, put on nonaccrual
The listed BDC also added Alacrity Solutions, AmeriVet Partners, Dental Care Alliance and Gracent to its nonaccrual list and cut dividends by nearly a third to USD 0.48 per share

FS Investments rebrands to Future Standard, plans private credit product for wealthy in Europe
EXCLUSIVE: The alts manager integrates private equity subsidiary Portfolio Advisors under the new brand and plans to introduce a credit product for wealthy investors in Europe

FS Investments readies opportunistic credit fund, targets USD 750m
EXCLUSIVE: The vehicle, which will be the second opportunistic fund from FS, is set to launch in the third quarter of this year

JPMorgan is in negotiations to expand roster of private credit partners
JPMorgan is in active negotiations to build a roster of private credit partnerships to bolster its presence in the asset class

FS and Portfolio Advisors join forces to create $73bn asset manager
FS Investments and Portfolio Advisors have announced a merger in a deal which will see Portfolio Advisors become the institutional investment arm of FS

FS and KKR to merge BDCs to create $14.9 billion vehicle
FS Investments and KKR plan to merge their two business development companies into a single vehicle which would have about $14.9 billion in assets

Fitch places five BDCs on negative outlook
Fitch Ratings has changed the outlooks of five business development companies from stable to negative folllowing a review of its rated BDCs

FS and KKR create $9 billion publicly-listed BDC with four-way merger
The move would create the second largest BDC by assets under management

FS hires ex-JP Morgan AM official to lead business development
FS Investments has appointed an experienced official to drive the firm’s growth

FS and KKR merge BDCs to create second-largest publicly traded BDC
FS Investments and KKR Credit yesterday agreed to merge FS Investment Corporation (FSIC) and Corporate Capital Trust (CCT), in a move that has created the second largest publicly-traded BDC behind Ares Capital Corporation  

GoldenTree, KKR and StepStone earn sub-advisor roles for new interval fund
FS Investments is launching a multi-strategy interval fund and has chosen GoldenTree Asset Management, KKR Credit and StepStone Group to act as sub-advisors

KKR and FS Investment close $18 billion BDC platform deal
New York-based KKR and Philadelphia-headquartered FS investments yesterday closed their deal to create the market's largest BDC platform

FS Investment BDC's assets shrink for fifth year running
FS Investment Corporation, an FS Investments business development company (BDC), failed to grow its assets again in 2017 – but insists its recently announced partnership with KKR will allow it to grow stockholder value

FS and GSO end subadvisory partnership amid new launch plans for both
GSO Capital Partners has announced plans to launch an internal direct lending business and to stop subadvising FS Investments’ funds, while FS has agreed to form new partnerships with KKR and EIG Global Energy Partners to manage FS's BDC platform

BDC reports $25.3 million increase in AUM
FS Investment Corporation (FSIC) has cited the “very competitive” nature of the credit market during its third quarter 2017 earnings release

FS unveils new closed-end credit fund that can invests in CLOs
FS Investments has launched a new closed-end credit interval fund offering five share classes

FS hires ex-Guggenheim CMBS chief to run new real estate debt strategy
FS Investments has appointed a real estate investment chief to help run its new reit, the company announced today

FS Investments partners with real estate specialist for new credit fund
FS Investments, formerly known as Franklin Square, has raised $3.9 million for its new reit

GoldenTree squares up for huge credit interval fund launch
GoldenTree Asset Management has partnered with a retail distribution giant on the latest example of a credit interval fund, according to SEC filings