The board of Corporate Capital Trust II, a publicly registered non-traded business development company advised by a partnership between FS Investments and KKR Credit, has appointed William Goebel as chief financial officer of the company, following the resignation of Chirag Bhavsar. According to a filing with the Securities and Exchange Commission, Bhavsar’s resignation was not due to any disagreement with the company.
Goebel currently serves as CFO of at least seven funds sponsored by FS Investments, the largest sponsor of non-traded BDCs formerly known as Franklin Square. Prior to joining FS Investment, he held a senior manager audit position with Ernst & Young LLP in the firm’s asset management practice, where he was responsible for the audits of regulated investment companies, private investment partnerships, investment advisers and broker-dealers.
Goebel received a bachelor’s degree in economics from the Wharton School of the University of Pennsylvania. He is a certified public accountant and holds the CFA Institute’s chartered financial analyst designation. Goebel also sits on the board of directors of Philadelphia Reads, where he serves as treasurer and chairs the audit committee.
Corporate Capital Trust II launched in October 2015 and was previously managed by affiliates of CNL Financial Group and KKR. Earlier this year, the company entered a new partnership with FS/KKR Advisor LLC, which also serves as the investment advisor to a number of publicly traded and non-traded BDCs including FS Investment Corporation (NYSE: FSIC), FS Investment Corporation II, FS Investment Corporation III, FS Investment Corporation IV, and Corporate Capital Trust Inc. (NYSE: CCT). Corporate Capital Trust II has raised more than $120 million in investor equity since inception and oversees an investment portfolio totaling $168 million, as of March 31, 2018.