BDC Experts Join Franklin Square

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.


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of