Three non-traded business development companies (BDCs) sponsored by Franklin Square Capital Partners (FSCP) committed over $440 million to directly originated investments during the month of April.
“April was another strong month for directly originated investments in our BDCs,” commented Michael C. Forman, Chairman and Chief Executive Officer of FS Investment Corporation II, FS Investment Corporation III and FS Energy & Power Fund, the three BDCs that committed capital.
The commitments included investments in new and existing portfolio companies.
Forman specified, “Four of the investments originated by our non-traded BDCs were in existing portfolio companies, demonstrating our ability and commitment to increase our investments in growing portfolio companies.”
Sequential Brands Group, Inc., one of the two new investments, is an owner of consumer brands companies such as Ellen Tracy, Jessica Simpson, and Linens N Things, among other apparel, footwear, eyewear and fashion accessory companies.
The second new investment was a commitment to Global Jet Capital Holdings, LP, a Florida-based financial services company that provides leasing and financing options for medium and large corporate jet aircraft.
For more information on Franklin Square Capital Partners, click here.