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Asset/Investment Management
FINANCIAL | Asset/Financial Management
fsinvestments.com

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Investments

18

Portfolio Exits

8

Funds

1

Partners & Customers

4

About FS Investments

FS Investments, formerly Franklin Square Capital Partners, is a manager of alternative investment funds designed to enhance investors' portfolios by providing access to asset classes, strategies and asset managers that typically have been available to only the largest institutional investors.

FS Investments Headquarter Location

430 W 7th Street

Kansas City, Missouri, 64105,

United States

877-372-9880

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Latest FS Investments News

18:12 ET FSK Prices Public Offering of $500,000,000 3.250% Notes Due 2027

Jan 11, 2022

News provided by Share this article Share this article PHILADELPHIA, Jan. 10, 2022 /PRNewswire/ -- FS KKR Capital Corp. (NYSE: FSK ) announced that it has priced an underwritten public offering of $500,000,000 in aggregate principal amount of its 3.250% unsecured notes due 2027 (the "Notes"). The Notes will mature on July 15, 2027 and may be redeemed in whole or in part at FSK's option at any time at par plus a "make-whole" premium, provided that the Notes may be redeemed at par one month prior to their maturity. The offering is expected to close on January 18, 2022, subject to customary closing conditions. BofA Securities, Inc., BMO Capital Markets Corp., KKR Capital Markets LLC, MUFG Securities Americas Inc., SMBC Nikko Securities America, Inc., J.P. Morgan Securities LLC, ING Financial Markets LLC, Truist Securities, Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC and RBC Capital Markets, LLC are acting as joint book-running managers for this offering. BNP Paribas Securities Corp., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Goldman Sachs & Co. LLC, Morgan Stanley & Co. LLC, Santander Investment Securities Inc. and SG Americas Securities, LLC are acting as joint lead managers for this offering. Barclays Capital Inc., Credit Suisse Securities (USA) LLC, Compass Point Research & Trading, LLC, Hovde Group, LLC, ICBC Standard Bank Plc, R. Seelaus & Co., LLC, Keefe, Bruyette & Woods, Inc. and U.S. Bancorp Investments, Inc. are acting as co-managers for this offering. FSK intends to use the net proceeds of this offering for general corporate purposes, including potentially repaying outstanding indebtedness under credit facilities and certain notes. Other Information Investors are advised to carefully consider the investment objectives, risks, charges and expenses of FSK before investing. The pricing term sheet dated January 10, 2022, the preliminary prospectus supplement dated January 10, 2022, and the accompanying prospectus dated October 4, 2021, each of which has been filed with the U.S. Securities and Exchange Commission (the "SEC"), contain this and other information about FSK and should be read carefully before investing. The information in the pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release is not complete and may be changed. The pricing term sheet, the preliminary prospectus supplement, the accompanying prospectus and this press release are not offers to sell any securities of FSK and are not soliciting an offer to buy such securities in any state or jurisdiction where such offer and sale is not permitted. FSK's shelf registration statement is on file and was deemed immediately effective upon filing with the SEC. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents FSK has filed with the SEC for more complete information about FSK and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov . Alternatively, FSK, any underwriter or any dealer participating in the offering will arrange to send you the prospectus supplement and accompanying prospectus if you request it from BofA Securities, Inc., 200 North College Street, NC1-004-03-43, Charlotte, NC 28255-0001, Attn: Prospectus Department, tel: (800)294-1322; email: [email protected] ; BMO Capital Markets Corp., 151 West 42nd Street, New York, NY 10036, Attn: Debt Capital Markets Syndicate, tel: 1-866-864-7760; KKR Capital Markets LLC, 30 Hudson Yards, New York, NY 10001: tel: 212-230-9433; MUFG Securities Americas Inc., 1221 Avenue of the Americas, Sixth Floor, New York, NY 10020, tel: 877-649-6848; and SMBC Nikko Securities America, Inc., 277 Park Avenue, New York, NY 10172, Attn: Debt Capital Markets tel: 888-868-6856, email: [email protected] . About FS KKR Capital Corp. FSK is a leading publicly traded business development company (BDC) focused on providing customized credit solutions to private middle market U.S. companies. FSK seeks to invest primarily in the senior secured debt and, to a lesser extent, the subordinated debt of private middle market companies. FSK is advised by FS/KKR Advisor, LLC. About FS/KKR Advisor, LLC FS/KKR Advisor, LLC (FS/KKR) is a partnership between FS Investments and KKR Credit that serves as the investment adviser to FSK. FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth, and focuses on setting industry standards for investor protection, education and transparency. FS Investments is headquartered in Philadelphia, PA with offices in New York, NY, Orlando, FL and Leawood, KS. KKR Credit is a subsidiary of KKR & Co. Inc., a leading global investment firm that manages multiple alternative asset classes, including private equity, credit and real assets, with strategic manager partnerships that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR's investments may include the activities of its sponsored funds. Forward-Looking Statements and Important Disclosure Notice This announcement may contain certain forward-looking statements, including statements with regard to future events or the future performance or operations of FSK. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements. Factors that could cause actual results to differ materially include changes in the economy, risks associated with possible disruption in FSK's operations or the economy generally due to terrorism, natural disasters or pandemics such as COVID-19, future changes in laws or regulations and conditions in FSK's operating area, and the price at which shares of FSK's common stock trade on the New York Stock Exchange. Some of these factors are enumerated in the filings FSK makes with the SEC. FSK undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Contact Information:

FS Investments Investments

18 Investments

FS Investments has made 18 investments. Their latest investment was in NYDIG as part of their Growth Equity - II on March 3, 2021.

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FS Investments Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/8/2021

Growth Equity - II

NYDIG

$200M

Yes

3

4/27/2017

Series F

Zeta Global

$115M

No

3

10/6/2016

Private Equity - II

Altus Power

$205M

No

1

9/7/2016

Loan

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$99M

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10

9/1/2016

Series E - II

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$99M

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10

Date

3/8/2021

4/27/2017

10/6/2016

9/7/2016

9/1/2016

Round

Growth Equity - II

Series F

Private Equity - II

Loan

Series E - II

Company

NYDIG

Zeta Global

Altus Power

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Amount

$200M

$115M

$205M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

3

3

1

10

10

FS Investments Portfolio Exits

8 Portfolio Exits

FS Investments has 8 portfolio exits. Their latest portfolio exit was Altus Power on December 10, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/10/2021

Reverse Merger

$99M

3

6/10/2021

IPO

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$99M

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10

4/12/2021

Acquired

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10

2/12/2020

Acq - Fin - II

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10

7/25/2019

IPO

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$99M

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10

Date

12/10/2021

6/10/2021

4/12/2021

2/12/2020

7/25/2019

Exit

Reverse Merger

IPO

Acquired

Acq - Fin - II

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

3

10

10

10

10

FS Investments Acquisitions

4 Acquisitions

FS Investments acquired 4 companies. Their latest acquisition was Church’s Chicken on August 02, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

8/2/2021

$99M

Acq - Fin - II

3

3/3/2020

Debt

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$99M

$99M

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10

12/17/2019

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$99M

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10

11/19/2015

Private Equity

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$99M

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10

Date

8/2/2021

3/3/2020

12/17/2019

11/19/2015

Investment Stage

Debt

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

Total Funding

$99M

Note

Acq - Fin - II

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Sources

3

10

10

10

FS Investments Fund History

1 Fund History

FS Investments has 1 fund, including FS Tactical Opportunities Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

11/11/2020

FS Tactical Opportunities Fund

$89.48M

1

Closing Date

11/11/2020

Fund

FS Tactical Opportunities Fund

Fund Type

Status

Amount

$89.48M

Sources

1

FS Investments Partners & Customers

4 Partners and customers

FS Investments has 4 strategic partners and customers. FS Investments recently partnered with NYDIG on March 3, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

3/18/2021

Partner

NYDIG

United States

Under the partnership , FS Investments and NYDIG are bringing products to market that offer access to bitcoin , backed by NYDIG 's secure , regulated and insured custody solutions and FS Investments ' marketing and education capabilities .

6

12/11/2017

Partner

KKR

United States

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10

12/11/2017

Partner

EIG Global Energy Partners

United States

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10

12/11/2017

Partner

EIG Global Energy Partners

United States

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10

Date

3/18/2021

12/11/2017

12/11/2017

12/11/2017

Type

Partner

Partner

Partner

Partner

Business Partner

NYDIG

KKR

EIG Global Energy Partners

EIG Global Energy Partners

Country

United States

United States

United States

United States

News Snippet

Under the partnership , FS Investments and NYDIG are bringing products to market that offer access to bitcoin , backed by NYDIG 's secure , regulated and insured custody solutions and FS Investments ' marketing and education capabilities .

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Sources

6

10

10

10

FS Investments Team

7 Team Members

FS Investments has 7 team members, including current Chief Executive Officer, MICHAEL FORMAN.

Name

Work History

Title

Status

David Adelman

Founder

Current

MICHAEL FORMAN

Chief Executive Officer

Current

Enrico Gaglioti

President

Current

Brad West

Chief Information Officer

Former

Kamal Jafarnia

Executive Vice President

Former

Name

David Adelman

MICHAEL FORMAN

Enrico Gaglioti

Brad West

Kamal Jafarnia

Work History

Title

Founder

Chief Executive Officer

President

Chief Information Officer

Executive Vice President

Status

Current

Current

Current

Former

Former

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