Alternative asset manager FS Investments launched its first closed-end '40 Act interval fund in partnership with Chicago-based Magnetar Capital. Initially filed with the SEC in October 2016, the FS Energy Total Return Fund seeks to generate total returns through investments in the equity and debt securities of both public and private energy and energy infrastructure companies. It carries a flexible investment mandate across all energy sub-sectors and capital structures, a fund structure that supports a long-term investment horizon and a differentiated investment process that aims to manage macroeconomic and commodity price risk. Magnetar Asset Management will act as the investment sub-adviser.
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