Create a Free Account

Create an account to get access to market analysis, demographic information, and insider tips in your area. Registration is free and we never sell your information

When you complete the free registration, you’ll be able to:

View market trends Learn about local trends including price changes, number of listings available, and average selling time.

Registration Form

  • A password will be emailed to you
  • This field is for validation purposes and should be left unchanged.

Please enter your username or email address. You will receive a link to create a new password via email.

Community College Of Philadelphia And Fs Investments Announce Multi


February 2, 2023

Community College Of Philadelphia And Fs Investments Announce Multi

Armed with the knowledge that Brandywine was committed to building a smaller building without us, we had our construction consultants determine the marginal cost of “growing the building” by 11 floors to accommodate FMC. The analysis revealed that the incremental cost of adding these floors was appreciably less than the average cost of the overall project. By presenting FMC’s 11 floors as a separate investment from the remainder of the project they had already committed to, we helped persuade BRT that they only needed to achieve their required rate of return on this incremental cost and not on the higher, average cost of the project. As a result, the rent Tactix negotiated for FMC is 30%-40% less than what the other building tenants are paying and not much more than what FMC would have paid in an existing, older trophy building in Center City. The new firm will also leverage FS Investments’ wealth management distribution capabilities across wirehouse, registered investment advisor and independent broker-dealer networks.

  • Due to the company’s rapid growth, FS had taken space piecemeal over a three-year period and found themselves scattered among different floors in a building that had no more space to expand into.
  • With FS Investments’ broad wealth management distribution reach across the wirehouse, RIA and independent broker-dealer channels.
  • With a broad menu of alternative investment solutions, FS Investments will be in a position to help clients build better portfolios by providing income, growth and diversification.
  • Further complicating matters was that the KOIZ tax benefits were very valuable to FS and they didn’t want to lose them by leaving the building.
  • Individual investors and endowments may have different investment horizons, liquidity needs and risk tolerances.

Lastly, FS Investments has hired Andrew Beckman as head of liquid credit and portfolio manager. He will lead the firm’s investment team primarily responsible for providing investment advisory services to FS Global Credit Opportunities Fund, a $2 billion closed-end fund. As such, FS Global Advisor LLC, a subsidiary of FS Investments, will serve as the sole investment adviser to the fund. The merger comes at a time when private-equity, private-debt and private real estate fund managers such as Portfolio Advisors have been hoping to attract more individual investors to supplement what has become a crowded market for institutional cash.

Fsk 2022 Analyst & Investor Day

In assets under management and will be well positioned for growth with a robust financial profile, including a large permanent capital base, strong margins and diverse revenue streams. In addition, while FS was the sole tenant in the building, we structured the deal so that, for the first several years, FS only paid rent on the square footage they anticipated needing.

He called FS a “pioneer in democratizing alternative investments” by appealing, through brokers, to individuals. American asset manager FS Investments has reached a definitive deal to merge its operations with middle-market private asset specialist Portfolio Advisors to create a new alternative investment firm. FS Investments is an asset management firm that provides a variety of investment vehicles for retail investors and institutions. FS Investment generally looks to provide senior secured loans, second lien loans and mezzanine financing for private US companies. The deal should make it easier for FS to sell its debt and equity investments to pension funds and other institutional investors, especially at a time when stock and bond investments are coming off a miserable year and investors want alternatives.

Fs Investments And Portfolio Advisors To Combine, Creating A $73 Billion Alternative Investment Firm

Read our brief on the interval fund structure https://nationalparksofturkey.org/ and explanation of the illiquidity premium.

fs investments

Certain Asset Based Finance, Equity/Other and portfolio companies with negative or de minimis EBITDA are excluded. FS Investments is headquartered in Philadelphia, PA with offices in New York, NY, Orlando, FL and Washington, DC. The firm had more than $20 billion in assets under management as of September 30, 2017. Separately, FS Investments plans to form a joint venture with alternative investment firm EIG Global Energy Partners to manage FS Energy and Power Fund, a $4 billion non-traded BDC. In an interview with Investment News’ Bruce Kelly, Forman explained that the first step in the two-step transaction is to garner shareholder approvals for each of the funds, followed by merging the funds together to create a single $18 billion company. “We need to get a liquidity event for FSIC shareholders and it makes sense to combine them all,” he said. In addition, FS has agreed to form a new partnership with EIG Global Energy Partners to manage FS Energy and Power Fund, and has hired a liquid credit portfolio manager to manage FS Global Credit Opportunities Fund. The goals of the program are to introduce students to the business world, expose them to dynamic, real-world learning opportunities, and help alleviate the financial burden of pursuing their education.