FS MVP Private Markets Fund celebrates third anniversary with over $1 billion in assets
PHILADELPHIA, Feb. 5, 2025 /PRNewswire/ -- FS Investments, a leading alternative investment manager, announced today that FS MVP Private Markets Fund ("the Fund")—an evergreen private equity fund focused on private U.S. middle market companies—has reached its three-year anniversary.1
The Class I shares returned 10.49% in 2024 and 12.99% annually since inception in July 2021, outperforming the Russell 2000 and S&P 500 by 1,260 basis points and 193 basis points, respectively, per year as of December 31, 2024.2 Assets under management surpassed $1 billion in January, reflecting both the portfolio's strong performance and the accelerating demand for the strategy.
The Fund's performance has been driven by its focused strategy of investing in private U.S. middle market companies, primarily through direct equity investments and secondaries. Historically, the middle market has served as source of alpha in private equity as top-quartile middle market managers have outperformed large/mega cap managers by approximately 382 basis points annually.3
"We are pleased to deliver another year of strong performance for our shareholders, driven by our disciplined focus on private U.S. middle market companies," said Brooks Lindberg, Managing Director at FS Investments and Portfolio Manager of the Fund. "Our relationships with the 'MVP' sponsors of the U.S. middle market provide a steady stream of high-quality investment opportunities and market insights, enhancing our underwriting process and increasing the potential to generate strong returns for our shareholders."
"We believe the U.S. middle market provides a compelling opportunity to access the growth engine of the U.S. economy at attractive valuations compared to the broader public markets," commented Dustin Ackerman, Senior Vice President at FS Investments and Co-Manager of the Fund. "In recent years, middle market companies have consistently outpaced public markets in revenue and margin growth, and the FS MVP Private Markets Fund offers investors access to leading middle market sponsors to capitalize on this growth opportunity."
About FS Investments
FS Investments is a global alternative asset manager dedicated to delivering superior performance and innovative investment and capital solutions. The firm manages over $83 billion in assets for a wide range of clients, including institutional investors, financial professionals and individual investors. FS Investments provides access to a broad suite of alternative asset classes and strategies through its best-in-class investment teams and partners. With its diversified platform and flexible capital solutions, the firm is a valued partner to general partners, asset owners and portfolio companies. FS Investments is grounded in its high-performance culture and guided by its commitment to building value for its clients, investing in its colleagues, and giving back to its communities. The firm has more than 500 employees across offices in the U.S, Europe and Asia and is headquartered in Philadelphia.
Past performance is not a guarantee of future success. Returns shown are as of December 31, 2024, the year-to-date, one-year, three-year and since inception returns for the Class I share were 10.49%, 10.49%, 9.93%, and 12.99%, respectively.
Contact Information
Melanie Hemmert
media@fsinvestments.com
Forward-looking statements
This press release may contain certain forward-looking statements, including statements with regard to the future performance or operations of the Fund. Words such as "believes," "expects," "projects," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and some of these factors are enumerated in the filings the Fund makes with the U.S. Securities and Exchange Commission. The Fund undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The Fund's investment objective is to generate long-term capital appreciation by investing in a diversified portfolio of private market investments. The Fund will primarily target private equity investments, and to a lesser extent, private credit investments, that focus on mid-sized companies in the United States. There can be no assurance that the Fund will be able to achieve its investment objective.
An investment in the Fund involves a high degree of risk and may be considered speculative. Investors are advised to consider the investment objectives, risk and charges and expenses of the Fund carefully before investing. The Fund's prospectus contains this and other information about the Fund. Investors may obtain a copy of the Fund's prospectus free of charge at www.fsinvestments.com or by contacting FS Investments at 201 Rouse Blvd., Philadelphia, PA 19112 or by phone at 877-628-8575. Investors should read and carefully consider all information found in the Fund's prospectus and other reports filed with the U.S. Securities and Exchange Commission before investing.
Securities offered through ALPS Distributors, Inc. (1290 Broadway, Suite 1000, Denver, CO 80203, member FINRA), the distributor of the Fund. FS Investment Solutions, LLC is an affiliated broker-dealer that serves as the exclusive wholesale marketing agent for the Fund.
FS Investment Solutions, LLC and ALPS Distributors, Inc. are not affiliated.
1 Based on the inception date of the Class I share on January 3, 2022.
2 The performance for periods prior to 1/3/2022 reflect the performance of the predecessor fund, MVP Private Markets, L.P., with an inception date of 7/1/2021, the day the predecessor fund began investing. A basis point is one one-hundredth of a percent. See below for full performance history.
3 Source: Burgiss, FS Investments, as of December 31, 2024. Includes mature buyout funds, defined as funds with a vintage year between 2000-2015. Large/mega cap defined as funds with a final close size equal to or in excess of $5 billion. U.S. middle market defined as funds with a final close size less than $5 billion and greater than $100 million with a defined focus on North America. Past performance is not a guarantee of future success.
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SOURCE FS Investments