FS Investments and Portfolio Advisors have entered into a definitive agreement to combine their firms. The combined company will be poised for growth with more than $73 billion in assets under management.
Together, FS Investments and Portfolio Advisors will meet increasing investor demand for alternatives, with a diversified suite of alternative investment solutions for both institutional and individual investors.
“This transaction is transformative for FS Investments, accelerating our efforts to broaden our institutional client base, diversify our offerings to include growth-oriented products such as private equity, and deepen our in-house investment capabilities. This combination also enhances our financial profile, diversifies our revenue streams and positions us to invest in further growth,” said Michael Forman, chairman and CEO of FS Investments.
Brian Murphy, co-founder of Portfolio Advisors, added, “This combination presents a unique opportunity to