FS Energy & Power Fund Updates Timing of Anticipated Offering Close

FS Energy & Power Fund, a publicly registered non-traded business development company sponsored by FS Investments (formerly Franklin Square Capital Partners), expects to close its offering in November 2016.

As reported by The DI Wire, the company previously announced that it was planning to close its public offering to new investors near the end of the third quarter due to “market conditions and the pace of capital raising.” Since its continuous public offering went effective in 2011, the company has sold $4.2 billion in common shares.

FS Energy & Power Fund focuses primarily on investing in the debt and income-oriented equity securities of privately held U.S. companies in the energy and power industry. The company is advised by FS Investment Advisor, LLC, an affiliate of Franklin Square, and is sub-advised by GSO, the credit platform of Blackstone. The company’s portfolio consisted of investments in 87 portfolio companies with a fair value of approximately $3.5 billion, according to the company’s most recent quarterly filing.

For more FS Energy & Power Fund news, visit their directory listing here.