Franklin Square Capital Chats With LCD About BDCs, Record Leverage Levels

S&P Capital IQ LCD recently chatted with Michael Gerber, managing director, and Zach Klehr, executive vice president, at alternative asset manager Franklin Square Capital Partners. Franklin Square manages four BDCs – one is publicly traded and three are non-listed. The four funds have an aggregate of $11 billion in assets under management as of March 31. Franklin Square’s first fund, FS Investment Corporation, listed in April on the NYSE under the ticker FSIC. The fair value of FSIC’s po...