October 27, 2016
FS Investments Files Energy-Related Interval Fund
FS Investments Files Energy-Related Interval Fund October 28, 2016 | Blue Vault On October 25, 2016 FS Investments filed a prospectus to the SEC for a new energy interval fund. …

Read more

FS Investments Files Energy-Related Interval Fund

October 28, 2016 | Blue Vault

Wind energy and power business model concept.

On October 25, 2016 FS Investments filed a prospectus to the SEC for a new energy interval fund. The fund, named FS Energy Total Return Fund, is anticipated to be sub-advised by Magnetar Capital. Magnetar manages an estimated $13.5 billion in assets directed in alternative strategies. The filing is for a maximum offering of $2 billion.

The interval fund structure will allow limited liquidity of at least 5% per quarter through share repurchases. Additionally the fund will have three share classes: A, C, and I. The Class A shares will have a maximum upfront sales commission of 5.00% with a 0.75% dealer manager fee. The Class C shares will be offered at net asset value (NAV) with an annual ongoing trail fee to the financial advisor of 0.75% and a 0.25% shareholder servicing fee. The Class I shares will also be offered at NAV with no ongoing shareholder servicing fees, as Class I shares are typically reserved for RIAs, wrap account clients or institutional investors.

The fund plans to invest at least 80.00% of its assets in energy and natural resource opportunities. The company will target equity and debt securities of natural resource companies primarily through publicly traded companies, private partnerships and royalty trusts.

Jared Schneider, Managing Partner of Blue Vault states, “FS Investments has a history of successfully investing in the energy sector even difficult markets. This interval fund is a continuation of the evolution in the alternative investments industry.”

Learn more about FS Investments on our Sponsor Focus page.

Other news about FS Investments:

Recent

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now