FS Investments, a leading alternative asset manager and sponsor of alternative investment programs, today announced that Brian Gerson has joined the firm as head of private credit.
In this new role, Gerson will oversee FS Investments’ expanding business development company and credit platform. He will be based in New York and report directly to FS Investments’ president and chief investment officer, Mike Kelly.
“We’re always looking for ways to opportunistically augment our credit expertise internally and are excited to welcome Brian to FS as we continue to develop differentiated alternative investment solutions for our clients,” said Michael C. Forman, chairman and CEO of FS Investments. “Brian’s experience in building BDC platforms as well as sourcing and investing in private credit will be valuable as we look to continue our momentum as a leader in the alternative investment space.”
Gerson joins FS with more than 20 years of experience in credit investing and corporate lending, with specific expertise in lending through BDCs. He most recently served as group head and managing director at LStar Capital, the credit affiliate of Lone Star Funds. At LStar, Gerson developed and maintained relationships with the financial sponsor community and middle market intermediaries while expanding LStar’s corporate credit business.
Prior to joining LStar, Gerson was a founding member of Solar Capital Partners, which serves as investment advisor to two yield-oriented BDCs. At Solar Capital, he spent seven years in various credit, origination, management, and business development roles, most recently serving as Executive Vice President of Solar Capital Limited. Prior to joining Solar Capital, Gerson spent 12 years in various positions, including managing director at CIBC World Markets in its leveraged finance and financial sponsors group.
“FS has been at the forefront of creating innovative private credit-focused investment products and I’m excited to join the team as they continue to expand the platform.” added Gerson. “I look forward to joining an organization that is focused on driving growth and creates value for its shareholders each and every day.”
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.