franklin square bdc
FSIC was the first BDC to raise funds as a non-traded entity. Founded in 2007, Franklin Square is a manager of alternative investment funds that introduced the industry’s first non-traded business development company, FS Investment Corporation (NYSE: FSIC), which listed its shares on the New York Stock Exchange on April 16, 2014, marking the first such liquidity event for a non-traded BDC. If you or a family member has suffered losses investing, we want to discuss your case. They commenced raising money from individual investors in the 4 th quarter of 2008 and closed to new investors in April of 2012. *by appointment only. The FS Energy and Power Fund is a non-traded business development company (BDC) that invests in energy companies. We started as Franklin Square Capital Partners in 2007 with a vision to bring investors access to alternative sources of income and growth historically available only to large institutions and the wealthiest individuals. To send us an e-mail, simply complete and submit the online form below. I'm Jeff Sonn, a securities fraud lawyer who represents investors. According to Franklin Square Energy & Power Fund (FSEP), "FSEP is a non-traded business development company (BDC). The BDCs are managed by Franklin Square Capital Partners and sub-advised by an affiliate of Blackstone’s GSO Capital Partners. An investment in any fund sponsored by FS Investments involves a high degree of risk and may be considered speculative. Energy is GSO's only industry vertical, with 20 people dedicated to the sector and a large asset base, including $3.8 billion in the FSEP BDC. The fourth BDC in a series from Franklin Square is a publicly registered, non-traded BDC primarily focused the senior secured debt of private mid-market US companies. I use this blog to bring attention to regulatory filings involving financial advisors, current events in securities and cases in the financial services industry, and to help investors understand their rights and options for financial recovery. New York City NY, 10006 As adjusted to give effect to the reverse stock split, FSKR’s net asset value per share as of March 31, 2020, would have been $24.68, instead of $6.17 per share. 1 The timing and amount of any future distributions on FSK’s shares of common stock are subject to applicable legal restrictions and the sole discretion of its board of directors. Corporate governance | FS KKR Capital Corp. Events + presentations | FS KKR Capital Corp. Stock information | FS KKR Capital Corp. Analyst coverage | FS KKR Capital Corp. II, Corporate governance | FS KKR Capital Corp. II, Dividend history | FS KKR Capital Corp. II, Events + presentations | FS KKR Capital Corp. II, Leverage notice | FS KKR Capital Corp. II, Stock information | FS KKR Capital Corp. II, Tax information | FS KKR Capital Corp. II. As of September 30, 2015, the firm managed approximately $17 billion in total assets, including $15.7 billion in BDC assets, making it the largest manager of BDCs. The investment program permits public investors to access debt and equity securities of the country’s private companies. The Securities Law Firm of Menzer & Hill, P.A. 10. It was down 16 percent in 2015. Wellspring Capital Management acquired JW Aluminum in a buyout in 2006. is filing dozens of FINRA Arbitration Claims against Broker-Dealers that sold Franklin Square KKR Capital Corp. II … A third investor filed a lawsuit about Kevin Houser’s advice relating to Franklin Square BDCs. It appears that the client held the investments from December 2015 to July 2020. Private BDC Overview . 23rd Floor Franklin Square recently announced that it will be listing its first nontraded BDC, FS Investment Corp., on the New York Stock Exchange under the symbol “FSIC.. “As we explained in June when we announced our intention to merge these BDCs, we believe the scale, diversification, operating efficiencies and capital structure flexibility of the combined entity will drive shareholder value,” said Michael Forman, Chairman, and CEO of FSK II. You can reach us by phone at 844-689-5754 or via e-mail. This marriage of Franklin Square and GSO is one of the notable features of the new BDC. Questions? If you suffered losses investing in a Franklin Square BDC and would like to discuss your litigation options, please call the securities attorneys of The White Law Group at 312/238-9650 for a free consultation. Traded. In some ways this is a strength, and in others a weakness, as we shall elaborate. The Franklin Square KKR Capital Corp II Fund (NYSE:FSKR) is a non-traded business development company (BDC) that invests primarily in the debt and, to a lesser extent, equity securities of private U.S. companies. "-Sonn Law Group Client. We seek to continue to build on the strong investment expertise and sourcing networks of KKR Credit and FS Investments, the joint operators of our investment adviser, and adhere to an investment approach that emphasizes strong fundamental credit analysis and rigorous portfolio monitoring. Private. Non-traded. BDCs with lower than average yields should have superior metrics when it comes to safety. NE Two days later, the offer was amended and lowered to only $1.50/share. On June 19, 2020, FSKR shares were listed on the New York Stock Exchange. UBS led a $175 million L+625 second-lien term According to its website, the company started as Franklin Square capital in 2007 with a goal of providing investors access to “alternative sources of income and growth historically available only to large institutions and the wealthiest individuals. Company profile page for Franklin Square Capital Partners including stock price, company news, press releases, executives, board members, and contact information Sonn Law Group is representing investors who have suffered losses investing in Franklin Square BDC Investments. 3399 Peachtree Rd. Franklin Square Capital Partners developed the non-traded BDC. This BDC sells at a 40 bps lower than average yield. BDC industry ─ Franklin Square launched the first nontraded BDC in 2008 and TPG - launched the first private BDC in 2011 ─ BDC assets aggregated approximately $112 billion as of Sep 2019 # of new BDCs. 15. It is expected to list in April 2014. Your email address will not be published. After a merge, Franklin Square BDC Investments put investors at risk with alternative investments that may have caused them significant losses, If you suffered losses investing in Franklin Square BDC Investments, please call us now at. FS KKR Capital Corp. (NYSE: FSK) is a publicly traded BDC focused on providing customized credit solutions to private middle market U.S. companies. The stockbroker and investment fraud lawyers at Sonn Law Group dedicate their entire practice to protecting the interests of investors who have lost money as a result of the negligent or wrongful conduct of those entrusted with protecting and growing our money. As a result, every four shares of FSKR common stock issued and outstanding were automatically combined into one share of FSKR common stock, and the number of outstanding shares was reduced from approximately 691.2 million to approximately 172.9 million. `` FSEP is a strength, and in others a weakness, as we shall elaborate and provided me very. 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