FS Investments, a pioneer in the democratization of alternative investments, agreed to acquire Portfolio Advisors, a global middle-market private asset specialist. Financial terms were not disclosed. "I am thrilled to join forces with Portfolio Advisors and applaud our team, led by our Co-Presidents, Enrico Gaglioti and Mike Kelly, for identifying an ideal strategic partner. This transaction is transformative for FS Investments, accelerating our efforts to broaden our institutional client base, diversify our offerings to include growth-oriented products such as private equity, and deepen our in-house investment capabilities. This combination also enhances our financial profile, diversifies our revenue streams and positions us to invest in further growth," Michael Forman, FS Investments Chairman and CEO.