FS Investment Corporation III (FSIC III) is a business development company (BDC) designed to provide a high level of current income. FSIC III primarily invests in floating rate, senior secured loans of private U.S. middle market companies.
FSIC III is a publicly registered, non-traded BDC and seeks to generate current income and, to a lesser extent, long-term capital appreciation. 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.
FSIC III is intended for investors who want current income, to diversify their fixed income portfolio for a rising interest rate environment and a defensive investment approach focused on long-term performance and principal protection.