Current Offerings
FS Investment Corporation II, or FSIC II, is an investment fund designed
to help investors diversify their portfolios by investing primarily in the
floating rate senior secured loans of established private U.S.
companies. FSIC II is sub-advised by GSO / Blackstone, part of The
Blackstone Group, one of the world's leading global alternative asset
managers. FSIC II's objective is to generate current income and, to a
lesser extent, long-term capital appreciation. Visit our FSIC II website
for more details.

FS Energy & Power Fund, or FSEP, invests in the U.S. energy and power
industry. Like FSIC II, the Fund is sub-advised by GSO / Blackstone. FSEP
invests primarily in the debt and income-producing equity securities of
private companies involved in the vast domestic infrastructure required
to locate, produce and deliver energy and power. The Fund's
investment objectives are to generate current income and long-term
capital appreciation. Visit our FSEP website for more details.

Closed Products
FS Investment Corporation, or FSIC, completed its offering and closed
to new investors in May 2012 after raising more than $2.5 billion in capital. This
Fund holds the distinction of being the original non-traded Business
Development Company. For the first time, FSIC offered investors access
to the same types of private senior debt investments once available
only to large institutional investors. Visit our FSIC website for more
details.
