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FS Credit Expands Board with Addition of David Schiff

Silhouettes of business people in a conference room.

FS Credit Real Estate Income Trust Inc., a monthly NAV REIT sponsored by FS Investments, increased the size of its board and appointed David Schiff as a new, independent director.

FS Credit’s board of directors now consists of nine directors.

Schiff has more than 25 years of experience in building businesses and investing in credit and real estate markets. Schiff is a founding partner of Innovatus Capital Partners LLC, and since 2016, has served as chief executive officer and chairman of the investment committee.

From 2008 to 2016, Schiff was a partner at Perella Weinberg Partners and the portfolio manager of the asset backed value funds that had approximately $2.3 billion of equity under management at the peak for its assets under management. In 2007, Schiff was the chief executive officer and chief investment officer of Broadworth Capital, an asset-backed focused investment vehicle for two high-net-worth families. In 2006, he was a managing director at Amaranth Advisors, where he was responsible for the construction of its non-mortgage ABS portfolio, and subsequently oversaw the liquidation of that portfolio.

From 2003 to 2005, Schiff was a director at Wachovia Securities, where he was responsible for developing various structured principal finance opportunities. From 1993 to 2001, Schiff held various senior management positions while he was at JP Morgan in the asset backed securities and securitization groups.

Schiff serves on the board of directors of several portfolio investments of Innovatus Capital Partners LLC, including Samsara Vision Inc., Flagship Marine Ventures LLC and White Pine Trading LLC, as well as other portfolio investments.

Schiff earned a bachelor’s degree in consumer economics and housing from Cornell University.

FS Credit REIT invests primarily in floating rate senior loans secured by commercial real estate properties. The REIT launched in September 2017 and has received gross offering proceeds of approximately $2.6 billion as of Nov. 3, 2022.

For more FS Investments news, please visit their directory page.