FS Investments Closes Transaction with EIG
April 10, 2018 | Beth Glavosek | Blue Vault
FS Investments (FS) and EIG Global Energy Partners (EIG) have announced the closing of their previously announced transaction to manage FS Energy and Power Fund (FSEP), said to be the largest energy-focused BDC in the marketplace with $4.3 billion in assets under management.
A partnership jointly owned by FS and EIG now provides investment advisory services to FSEP, which is able to participate in the same transactions alongside EIG’s other institutional funds and accounts.
Michael Forman, Chairman and Chief Executive Officer of FS, said, “EIG’s scale, global reach, and singular focus on energy investing will provide expanded opportunities to reposition the FSEP portfolio and enhance performance as we work toward a liquidity event for our investors. We’re looking forward to realizing the many benefits of our partnership in the months and years ahead.”
“With the close of this transaction, EIG will manage approximately $22 billion, which provides scale to offer differentiated financing solutions to global energy and infrastructure companies and projects,” adds William Sonneborn, President of EIG.
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