FS Energy & Power Fund (FSEP) is a business development company (BDC) designed to provide a combination of income and growth. The Fund primarily invests in the income-oriented debt and equity securities of private U.S. energy and power companies.
FSEP is a publicly registered, non-traded BDC and opened to new investors in July 2011. A BDC allows individual investors, at low investment minimums, to invest in the same type of private companies as do large institutions, endowments and wealthy individuals. FSEP’s investment objectives are to generate current income and capital appreciation.