{"id":467,"date":"2018-04-08T22:06:16","date_gmt":"2018-04-08T22:06:16","guid":{"rendered":"https:\/\/dev.pixflex.com\/eig2\/?p=467"},"modified":"2020-08-01T22:07:39","modified_gmt":"2020-08-01T22:07:39","slug":"fs-investments-closes-transaction-with-eig","status":"publish","type":"post","link":"https:\/\/dev.pixflex.com\/eig2\/fs-investments-closes-transaction-with-eig\/","title":{"rendered":"FS Investments Closes Transaction with EIG"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<p><strong>Investors Overwhelmingly Approve New Partnership<\/strong><\/p>\n<p>PHILADELPHIA, PA, and WASHINGTON, D.C. \u2013 April 9, 2018 \u2013 FS Investments (FS) and EIG Global Energy Partners (EIG) today announced the closing of their previously announced transaction to manage FS Energy and Power Fund (FSEP), the largest energy-focused BDC in the marketplace with $4.3 billion in assets under management.<\/p>\n<p>Effective today, 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\u2019s other institutional funds and accounts.<\/p>\n<p>\u201cWe are excited to enter the next phase of our partnership with EIG and continue working closely with their team to create long-term value for FSEP investors,\u201d said Michael Forman, Chairman and Chief Executive Officer of FS. \u201cEIG\u2019s 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\u2019re looking forward to realizing the many benefits of our partnership in the months and years ahead.\u201d<\/p>\n<p>\u201cToday marks an exciting moment for EIG and FS, as we officially launch our partnership and seek to enhance FSEP\u2019s existing portfolio and investor returns,\u201d said William Sonneborn, President of EIG.\u00a0 \u201cWith 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.\u00a0 We look forward to leveraging our combined strengths to drive a higher quality, quantity, and diversity of privately originated investments. \u201d<\/p>\n<p>FS Investments and GSO Capital Partners (GSO) have concluded their relationship with respect to all of FS Investments\u2019 sponsored funds that were sub-advised by GSO.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About FS Investments<\/strong><\/p>\n<p>FS Investments is a leading asset manager dedicated to helping individuals, financial professionals and institutions design better portfolios. The firm provides access to alternative sources of income and growth and focuses on setting industry standards for investor protection, education and transparency.<\/p>\n<p>FS Investments is headquartered in Philadelphia, PA with offices in New York, NY, Orlando, FL and Washington, DC. Visit fsinvestments.com to learn more.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>About EIG<\/strong><\/p>\n<p>EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure on a global basis and has $17.7 billion under management as of December 31, 2017. Since 1982, EIG has been one of the leading providers of institutional capital to the global energy industry, providing financing solutions across the balance sheet for companies and projects in the oil and gas, midstream, infrastructure, power and renewables sectors globally. EIG has invested over $25 billion in more than 320 portfolio investments in 36 countries. EIG is headquartered in Washington, D.C., with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For more information, please visit <a href=\"http:\/\/www.eigpartners.com\">www.eigpartners.com<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Forward-Looking Statements<\/strong><\/p>\n<p>This press release may contain certain forward-looking statements, including statements with regard to the future performance or operations of FSEP. Words such as \u201cbelieves,\u201d \u201cexpects,\u201d \u201cprojects\u201d and \u201cfuture\u201d or similar expressions are intended to identify forward-looking statements. These forward<strong>&#8211;<\/strong>looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the filings FSEP makes with the U.S. Securities and Exchange Commission. FSEP undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Investors Overwhelmingly Approve New Partnership PHILADELPHIA, PA, and WASHINGTON, D.C. \u2013 April 9, 2018 \u2013 FS Investments (FS) and EIG Global Energy Partners (EIG) today announced the closing of their previously announced transaction to manage FS Energy and Power Fund (FSEP), the largest energy-focused BDC in the marketplace with $4.3 billion in assets under management.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-467","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FS Investments Closes Transaction with EIG - 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