Franklin Square Capital Partners, a US-based manager of alternative investment funds, which manages over $9 billion in assets, has unveiled new FS Global Credit Opportunities Fund.
The new closed-end fund, which marks as the fourth fund launched by the firm, will invest primarily in global credit and seeks to generate an attractive total return.
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Additionally, the fund will target on capital preservation, by investing in loans, bonds and other credit instruments of public and private companies in the European and US markets.
GSO Capital Partners, the credit platform of Blackstone, will serve as sub-advisory for the new fund.
The Fund will gain benefit of dislocations that arise in the credit markets resulting from impending corporate events such as mergers, acquisitions or corporate reorganizations. With an event-driven strategy, the fund will develop a portfolio that can generate high potential returns.
Michael C Forman, chief executive of Franklin Square said:"Our goal at Franklin Square is to provide individual and smaller institutional investors with the same investment access and investor protections that larger institutions demand. This new fund adds to our stable of endowment-style funds and provides our investors access to what we expect will be high-performing global opportunities."
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By GlobalDataDoug Ostrover, senior managing director of Blackstone and co-founder of GSO, said: "We take an independent and proactive approach, leveraging our global reach to identify events that will unlock value for companies and our investors."
