About Franklin Square

Franklin Square, headquartered in Philadelphia, is a leading manager of alternative investment funds.

Our mission

We are committed to providing our investors access to alternative asset classes, strategies and asset managers historically available only to the world's largest investors.

Our values

Whether you’re a professional managing portfolios, or an individual saving for education, retirement or an improved quality of life, we perform on your behalf everyday with a focus on what we value:


As fiduciaries, we place our investors’ interests above all else. We aspire to lead the industry in investment performance, investor protections, education and transparency.


We believe great firms are built with great people. We seek to attract and reward driven, high-performing colleagues who share our passion to excel on behalf of our investors.


We work to foster a culture of accountability, diversity, innovation, integrity and performance. We encourage professional development and healthy lifestyles, and support each other in caring for our loved ones.


We strive to have a positive impact on our communities, championing civic leadership, volunteerism and philanthropy at all levels of our organization.

Our story

Franklin Square’s co-founders, led by Chairman and CEO Michael Forman, started the firm in 2007 with a simple mission: investors should have the same access to alternative investments as large institutional investors. Dissatisfied with the limited alternative investment options available to the investing public, the team spent two years analyzing various ways to deliver on their mission.

This led to a significant breakthrough. Franklin Square took an underutilized investment vehicle called a business development company (BDC) and created the first non-traded BDC. The model provides investors with many investor protections required under the Investment Company Act of 1940. Franklin Square also selected GSO / Blackstone, one of the largest alternative asset managers in the world, to sub-advise its funds, putting a world-class institutional asset manager within reach of investors. The result was a new model for income-based investments that has transformed the alternatives landscape.