FS Energy & Power Fund (FSEP) New Name

FSEP’s Redemptions Remains Suspended  

Lose money in FS Energy & Power Fund (FSEP)? The White Law Group may be able to help you recover your investment losses. The White Law Group continues to investigate the liability that brokerage firms may have for unsuitably recommending FS Energy & Power Fund to investors.   

FSEP (FS Energy & Power Fund) is a publicly registered, non-traded business development company sponsored by FS Investments. According to updates today on the company’s web page, FS Energy & Power Fund was renamed FS Specialty Lending Fund as a part of a plan to transition the Fund’s investment strategy from investing primarily in private U.S. energy and power companies to a diversified credit strategy investing in private and public credit in a broader set of industries, sectors and subsectors. 

The fund reportedly has a total cumulative return of -15.38% since inception. 

Dismal Net Asset Value (NAV)  

Unfortunately for investors, FSEP’s NAV per share is currently $3.70 per share as of Sept 39, 2023. Shares were originally offered for $10.00 per share. According to Central Trade and Transfer, a secondary market for alternative investments, shares of FSEP were recently sold for just $2.15 per share, which may also indicate losses for investors.   

FS Energy and Power Fund – No Redemptions    

According to its website, FSEP’s share repurchase program remains suspended. 

Potential Claims to Recover Investment Losses   

The White Law Group has represented numerous investors in claims against their brokerage firms to recover losses in alternative investments such as FSEP. 

The trouble with business development companies like FSEP is that they involve a high degree of risk. They are typically sold as unregistered securities which lack the same regulatory oversight as more traditional investment products like stocks or bonds. Another issue is illiquidity – it may be difficult to find a buyer when you are ready to sell the investment. When you do, it may be at a loss. Broker dealers that sell alternative investments are required to perform adequate due diligence on all investment recommendations. They must ensure that each investment recommendation that is made is suitable for the investor considering the investor’s age, risk tolerance, net worth, financial needs, and investment experience.   

National Securities Attorneys  

If you invested in FSEP with your financial advisor or broker, you may have recovery options by filing a FINRA Dispute Resolution Claim.  

FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional.  It provides investors with an opportunity to attempt to recoup their investment losses — an alternative to filing such claims in court.     

 If you have suffered investment losses in FS Specialty Lending Fund (FS Energy & Power Fund), the White Law Group may be able to help you. Please call the offices at 888-637-5510 for a free consultation.   

The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm dedicated to helping investors in claims in all 50 states against their financial professional or brokerage firm. Since the firm launched in 2010, it has handled over 700 FINRA arbitration cases.    Our attorneys have recovered millions of dollars from many brokerage firms in the past.  The firm works on a contingency fee basis to help you in your time of need.      

For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.