welcome to
future standard
july 21, 2025
At FS Investments, we have always sought to use our specialized offerings, capabilities and insights to deliver value and exceptional experiences to our clients. We challenge convention to uncover what others overlook. Our firm and the markets in which we operate have evolved significantly over the last 30 years, and this is an important moment in that evolution.
Today, I am excited to announce our new name: Future Standard.
Future Standard (FS) is the aspiration that has been reflected in our DNA since day one. It is both a goal and a promise. It is about our relentless drive to innovate and grow, and our commitment to anticipate and shape what’s next for our clients. It captures the rigor and discipline behind everything we do, the process and diligence behind every decision we make and every piece of advice we provide. Future Standard ensures our investment solutions deliver for you again and again.
There are two key factors driving this change:
The combination of FS Investments and Portfolio Advisors
Our combination with Portfolio Advisors transformed our firms. Under one unified brand, we now meet the market in a consistent, integrated and simplified way. This ensures that when you interact with us, you receive the same investing acumen, service and experience.
Looking beyond the obvious in investing. We see opportunity where others don’t
The U.S. middle market—where we focus—is diversified across industries that are vital to driving economic growth and innovation. It employs over 48 million Americans and serves as the growth engine of the U.S. economy. Yet, despite the scale and momentum of this market, it remains underrepresented in most investors’ portfolios. We see significant opportunity for growth and value in this market across our core offerings: private equity, credit and real estate. So, we are setting the future standard—as we always have—by providing access to the differentiated outcomes we expect these areas of the private markets will deliver.
While today we look forward with excitement, optimism and clarity, it is the success of the past that has created this opportunity. And so, while much is changing, the essence of what has made us a leader in this market for more than 30 years will not.
We remain fully committed to your success; it is the only benchmark by which we measure our own. The talent we have within the firm, coupled with our unique suite of products and solutions, empowers us to continue delivering superior investment performance and outcomes over the long term.
I want to personally thank you for continuing to put your trust in us. You are our highest priority. I am excited and energized by what is to come. I hope you are too. Together, I believe we can continue to push beyond today’s boundaries and achieve even greater heights.
Welcome to Future Standard.
MICHAEL FORMAN
Chairman + CEO