On December 17, 2019, FS Investments announced an agreement to acquire Chiron Investment Management.
Under the terms of the agreement, FS Investments (“FS”) will acquire Chiron Investment Management (“Chiron”). The Chief Executive Officer of Chiron, Enrico Gaglioti, will join FS in a senior leadership position. The Chief Investment Officer of Chiron, Ryan Caldwell, and his team will continue managing Chiron’s funds at FS. The transaction is expected to close during the first quarter of 2020 and will be subject to regulatory and shareholder approval. Further terms of the transaction were not disclosed.
FS, based in Philadelphia, is an asset manager providing access to alternative sources of income and growth. As of December 2019, FS has more than $24 billion in assets under management.
Chiron, based in New York and Kansas City, is a boutique investment management firm. As of December 2019, Chiron managed approximately $1.8 billion in assets.
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