DIFFERENTIATION requires BOLD THINKING
We challenge convention to uncover overlooked opportunities. With deep middle market expertise and trusted relationships, we solve complex investment needs and deliver differentiated solutions to optimize client portfolios.
who we are
GLOBAL ALTERNATIVE ASSET MANAGER
We serve institutional and private wealth clients, investing across private equity, credit and real estate. We back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.
Key facts
As of
9/30/2025
our COMMITMENT
what DRIVES US
We are driven by one goal—to deliver differentiated performance for our investors. Our commitment is rooted in three core beliefs.
CLIENT SUCCESS IS OUR SUCCESS
Our clients are at the core of every decision we make. From the strategies we pursue to the relationships we build, everything is designed to support their goals and deliver strong, consistent results across market cycles.
SPECIALIZATION IS POWER
We connect investors to hard-to-access private market opportunities through deep middle market expertise and long-standing industry relationships. Our specialized approach allows us to align the right strategies, asset classes and investment vehicles to help clients achieve their goals.
INNOVATION DRIVES PERFORMANCE
Innovation is in our DNA. We challenge the status quo to create innovative investment solutions. With an entrepreneurial mindset, we adapt to evolving markets to deliver strong, differentiated outcomes.
OUR HISTORY
30 YEARS OF LEADERSHIP IN PRIVATE MARKETS
We were founded to challenge convention and expand access to alternative investments. With the combination of FS Investments and Portfolio Advisors, we brought 30+ years of private markets expertise under one brand: Future Standard.
Together, the combined firm manages $86 billion in assets and offers a powerful blend of investment capabilities, sponsor connectivity and scale. The result is a differentiated platform that serves both institutional and wealth clients—delivering investment solutions built on insight, access and experience.
learn more
get to know Future Standard
what we do
DIFFERENTIATED OPPORTUNITIES
WHERE WE INVEST
MIDDLE MARKET FOCUS
footnotes + disclosures
- Total AUM estimated as of September 30, 2025. References to “assets under management” or “AUM” represent the assets managed by Future Standard or its strategic partners as to which Future Standard is entitled to receive a fee or carried interest (either currently or upon deployment of capital) and general partner capital. Future Standard calculates the amount of AUM as of any date as the sum of: (i) the fair value of the investments of Future Standards’ investment funds; (ii) uncalled investor capital commitments to these funds, including uncalled investor capital commitments from which Future Standard is currently not earning management fees or carried interest; (iii) the value of outstanding CLOs (excluding CLOs wholly-owned by Future Standard); (iv) the fair value of FS KKR Capital Corp. joint venture (JV) assets and (v) the fair value of other assets managed by Future Standard. Future Standards' calculation of AUM may differ from the calculations of other asset managers and, as a result, Future Standards’ measurements of its AUM may not be comparable to similar measures presented by other asset managers. Future Standards’ definition of AUM is not based on any definition of AUM that may be set forth in agreements governing the investment funds, vehicles or accounts that it manages and is not calculated pursuant to any regulatory definitions.