FS Investments Appoints New Head of Strategy to Lead Firm’s Expansion

FS Investments, an alternative investment manager formerly known as Franklin Square Capital Partners, has hired Michael Carter as executive vice president and head of strategy.

Carter will be based in the firm’s Philadelphia headquarters, serve on the firm’s executive committee, and oversee firm strategy and business development, with a focus on growing FS Investments’ existing credit franchise and expanding into other alternative investment platforms.

“Mike Carter has had a broad, impressive career in financial services as a credit and hedge fund platform builder, operator and leader,” said Michael Forman, chairman and CEO of FS Investments. “Mike’s investment experience and strategic focus will be critically important as we continue to build our business to offer investors more alternative investment options.”

In his most recent role as chief operating officer at Magnetar Capital, Carter had managerial responsibility for all global operations, strategic planning and business development. He was a member of the firm’s executive committee, management committee, investment committee, valuation committee and chair of the operations committee.

Prior to joining Magnetar, Carter spent 15 years at Lehman Brothers in various credit and investment banking roles, including leadership roles in the interest rate derivatives, securitization, structured credit and CDO businesses.

He was co-head of Lehman’s structured credit desk, co-head of its U.S. structured credit sales group and a leader of the hedge fund banking group. He also helped launch the firm’s securitization business in London.

Carter is a board member of the US Olympic and Paralympic Foundation and a member of Wake Forest University’s board of visitors. He holds a bachelor’s degree in business with a minor in politics from Wake Forest University.

FS Investments was founded in 2007 and currently manages multiple alternative investment funds with more than $20 billion in assets under management. The company is headquartered in Philadelphia with offices in Orlando, FL and Washington, DC.

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