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

Multiple managers price first new-issue CLOs of 2025 as dealmaking heats up
Birch Grove, Napier Park, Muzinich and FS Structured Products Advisor have all priced new US BSL CLOs  

BBBs tighten 335bps in another dramatic 2022 vintage US CLO reset
FS has returned to the primary market with a reset of the November 2022-vintage Bridge Street CLO III – its third deal of 2024

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 prices first new US CLO since 2022
Franklin Square returned to the primary market after more than a year with the pricing of FS Bridge Street CLO IV

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 prices third CLO to make 2022 debut
FS Structured Products Advisor has returned to the market for the first time since 2021, pricing its third US CLO. 

FS issues loan triple As in first 2021 CLO
FS Investments has produced its second CLO, in a deal that features a loan triple A tranche

CLO pipeline: four US and two European managers prepare first 2021 CLOs
The CLO market is set to carry on roaring with the pipeline as full as ever despite the summer slowdown just around the corner  

FS bridges CLO gap with broadly syndicated loans
FS Investments has expanded its platform to include CLOs backed by broadly syndicated loans, with officials saying the firm capitalised on solid conditions late in 2020

FS Investment scored late entry in 2020 with debut BSL CLO
The world welcomed a new CLO manager in the final days of 2020 as FS Investments teamed up with JP Morgan to bring its first solo transaction to market

FS KKR resets 2019 CLO with single As the only tranche to tighten
FS Investments and KKR's business development company, FS KKR Capital Corp, has reset its sole CLO from 2019

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

Mid Market CLO league tables: Middle market continues to draw fresh faces
Golub Capital continues to top the manager rankings, however below the established middle market CLO managers sit a couple of newcomers.

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

KKR and FS's BDC upsizes first mid-market CLO and prices
KKR and FS Investments’ business development company, FS KKR Capital Corp, yesterday priced its new issue CLO via Citi, according to market sources

CLO pipeline: Black Diamond looks to brush itself off and jump back in ring after year out
Black Diamond Capital Management features twice in our CLO pipeline this week, as the firm is planning a return to both the European and the US CLO market.

KKR and FS Investments' BDC platform markets new issue CLO
KKR and FS Investments’ business development company, FS KKR Capital Corp, is marketing a new issue CLO via Citi named FS KKR MM CLO 1

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