: FS Investments’ planned private-markets fund would give investors access to alternative wealth-building strategies

by | Apr 19, 2023 | Stock Market

FS Investments CEO Michael Forman has been at the New York Stock Exchange on more than one occasion to mark new fund listings and other milestones at his alternative investing firm. Most recently, FS Investments, which has $75 billion in assets under management, rang the opening bell at the NYSE on April 13 to mark the recent debut of FS Credit Opportunities Corp.
a $2 billion-AUM fund that invests in public and private credit.

FS Investments also manages FS KKR Capital Corp.
a publicly traded business development company with $16 billion in AUM that provides debt to middle-market companies. In its current form, the fund is the result of a merger between FS KKR Capital Corp. and FS KKR Capital Corp. II that was completed in 2021. As FS Investments moves to close its acquisition of private-market investing firm Portfolio Advisors, which has $38 billion in AUM, Forman told MarketWatch the firm was considering a potential listing of the planned FS-MVP Private Markets Fund. The FS-MVP Private Markets Fund would be the successor to Portfolio Advisors’ $500 million MVP Private Markets Fund. It’s a so-called 40 Act Fund that does not currently trade on an exchange but that generates public filings of its private debt and equity holdings. One leader in this space is Partners Group Private Equity …

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