Monday, 8 February 2016
Last updated 2 days ago
Mar 7 2014 | 8:16am ET
Franklin Square Capital Partners has tapped two executives with extensive business development company experience as it prepares for the listing of its first BDC, the $4.4 billion FS Investment Corporation.
Sean Coleman has been named managing director of investment management of Franklin Square and its affiliated investment advisers. Coleman will also serve as managing director of the of FSIC and a member of its investment committee.
Ben Holman has been named senior vice president of investor relations & capital markets.
Coleman was most recently with Golub Capital in New York, where he served in various capacities over an eight-year period, including managing director in the direct lending group and as chief financial officer and treasurer for its BDC. Prior to Golub Capital, he worked in merchant and investment banking at Goldman Sachs and Wasserstein Perella.
Holman joins Franklin Square from the New York office of Sterne Agee where he served as managing director and head of the specialty finance investment banking team, focusing primarily on BDCs and real estate investment trusts. Prior to Sterne Agee, he worked in investment banking in the financial institutions sector for over 12 years at Willis Securities, Banc of America Securities and Legg Mason.
FSIC, the largest initial listing of a BDC and the first non-traded BDC to list on the NYSE, is expected to begin trading in April, subject to exchange approval, market conditions and other factors.
“As we prepare for the public listing of our first fund, we are pleased to strengthen our team with BDC veterans like Sean and Ben,” said Michael C. Forman, chairman and CEO of Franklin Square Capital Partners. “Their talent and deep BDC experience will add great value for our investors.”
Coleman and Holman are based in Franklin Square’s Philadelphia headquarters.
Founded in 2007, Franklin Square manages four funds with over $10 billion in assets as of December 31, 2013.