FS Energy and Power Fund Closes to New Investors
November 21, 2016 | by Jared Schneider | Blue Vault
FS Energy and Power Fund, a non-traded BDC, closed its public offering to new investors on November 17, 2016. The final closing for any outstanding subscriptions that were accepted by the Company will occur on November 23, 2016.
FS Energy and Power Fund is a non-traded BDC with over $4 billion in assets under management and began operations in 2011. The BDC was sponsored and advised by FS Investments, an alternative investment management firm with over $18 billion in assets under management. The fund is sub-advised by GSO Capital Partners, the credit management subsidiary of Blackstone. Blackstone manages $361 billion in alternative investments for pension funds, endowments, insurance companies, sovereign wealth funds and high net worth investors.