Future Standard manages $93 billion in assets across private equity, credit, infrastructure, and real estate, with concentrated exposure to the U.S. middle market. Formed in 2025 through the combination of FS Investments and Portfolio Advisors, the firm consolidates over 30 years of private markets experience under a unified operating structure serving both institutional and private wealth clients globally.
The firm operates across four core investment strategies. Private equity focuses on direct and fund investments in private companies. Credit strategies encompass private credit and related instruments. Infrastructure and real estate complete the product suite, addressing capital deployment across alternative asset classes with emphasis on disciplined underwriting and portfolio construction.
Future Standard's positioning centers on middle-market deal flow and operational expertise, targeting opportunities in segments where scale and complexity create differentiation. The unified brand integration consolidates investment teams, product capabilities, and client relationships across previously separate entities, creating organizational leverage for sourcing, execution, and portfolio management across market cycles.