The board of FS Energy and Power Fund, a non-traded business development company sponsored by FS Investments, has appointed David Weiser as the company’s chief investment officer following the recent resignation of Sean Coleman, who stepped down from his positions with FS Investments and its affiliates.
According to his LinkedIn page, Coleman also served as chief credit officer at FS Investments and sat on the investment committee of FS/KKR Advisor, a partnership between FS Investments and KKR Credit that manages BDCs with approximately $18 billion in assets under management. In addition, he sat on the investment committee of FS/EIG Advisor, a partnership between FS Investments and EIG Global Energy Partners that manages FS Energy and Power Fund.
The company stated in a filing with the Securities and Exchange Commission that Coleman’s resignation was not due to any disagreement with the company.
Weiser, who took over as the fund’s CIO on March 22, 2021, is a managing director in the investment management group of FS Investments, which he joined in 2015. Before joining FS Investments and its affiliated investment advisers, he served as a research analyst at Towerview LLC, a public equities fund, where he originated and executed investments in companies involved in mergers, restructurings and deep value situations.
Prior to that role, Weiser was an associate at Golub Capital, where he executed middle market debt and equity investments. He holds a bachelor’s degree in economics from the Wharton School at the University of Pennsylvania.
FS Energy and Power Fund launched in July 2011 to invest primarily in privately-held U.S. companies in the energy and power industry. In November 2016, the company closed its public offering to new investors. The company’s investment portfolio had a fair value of approximately $2.2 billion as of December 31, 2020.