FS/KKR Advisor, LLC announced several leadership changes to drive operational excellence and long-term growth. Steven Lilly, who joined FS Investments as a Managing Director in October, will assume the role of Chief Financial Officer of certain business development companies (BDCs) advised by FS/KKR in mid-November. In his role, Mr. Lilly will help strategically lead and will oversee the finance, investor relations and capital markets functions at FS KKR Capital Corp., FS Investment Corporation II, FS Investment Corporation III, and FS Investment Corporation IV (together, the BDCs).

Previously, Mr. Lilly served for 13 years as Chief Financial Officer of Triangle Capital Corporation. Effective with Mr. Lilly's appointment, William Goebel, who currently serves as the BDCs' Chief Financial Officer, will become the BDCs' Chief Accounting Officer. In addition, Daniel Pietrzak and Brian Gerson have been appointed Co-Presidents of the BDCs.

Mr. Pietrzak is Co-Head of Private Credit at KKR and will continue to serve as Chief Investment Officer of the BDCs, a position he has held since April 2018. Mr. Gerson is Head of Private Credit at FS Investments and has served on FS/KKR's Investment Committee since April 2018. In connection with Mr. Gerson and Mr. Pietrzak's appointment, Todd Builione has stepped down as President of the BDCs, but will continue to serve as President of FS/KKR and as a Director for each of the BDCs.

Finally, Drew O'Toole and Ryan Wilson have been appointed Co-Chief Operating Officers of the BDCs. Mr. O'Toole is an Executive Director of FS Investments. Mr. Wilson is a Director of KKR Credit and the Chief Operating Officer of KKR Private Credit.