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Franklin Square Launches New Feeder Fund

Franklin Square Capital Partners, a manager of alternative investment funds, launched a new feeder fund for FS Global Credit Opportunities Fund, an unlisted closed-end fund managed by an affiliate of Franklin Square and sub-advised by GSO Capital Partners LP.

According to the company, the new feeder fund, FS Global Credit Opportunities Fund–T, features a commission structure that is designed to be responsive to FINRA Regulatory Notice 15-02 by lowering upfront commissions and increasing the amount of capital available to the fund for investment. The firm expects to launch FS Global Credit Opportunities Fund–ADV, a fund designed for use in advisory accounts, in the coming weeks.

FS Global Credit Opportunities Fund seeks to generate a high level of total return through investing in value-based and event-driven opportunities in a broad range of debt securities in North American and Western European markets. As of March 31, 2016, the fund managed approximately $1.5 billion in assets.

“We see tremendous opportunity to capitalize on dislocations in credit markets,” said Michael C. Forman, chairman and chief executive officer of FS Global Credit Opportunities Fund. “FSGCO provides investors efficient access to a leading credit investment platform to execute on this strategy, and we designed FSGCO–T and FSGCO–ADV to expand their options and help meet their investment objectives.”

Founded in Philadelphia in 2007, Franklin Square has introduced a number of credit-based income funds, including the industry’s first non-traded business development company. As of March 31, 2016, the firm managed approximately $17 billion in total assets, including $15.4 billion in BDC assets, making it the largest manager of BDCs.

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