FSTA (the “Adviser”) was formed on May 31, 2018, for the purpose of providing investment
advisory services to FS Tactical Opportunities Fund, L.P., including any parallel funds and
accounts (the “Fund”), a pooled investment vehicle (“private fund”) excluded from the
definition of investment company under the Investment Company Act of 1940, as amended (the
“Company Act”) under section 3(c)(7) of the Company Act. The Adviser may, subject to any
limitations described in the investment advisory agreement between the Adviser and the Fund,
advise other investment companies, private investment funds, structured finance vehicles,
institutional investors or other persons or entities (collectively, the “Clients”), at which time the
Adviser will make any necessary amendments to this Brochure.
The Adviser is responsible for identifying potential investments for the Fund.
The Adviser incorporates a sophisticated platform with an experienced team of investment
professionals to seek to identify opportunities in such assets, while at the same time assessing
and monitoring risk. The Adviser evaluates such investments and their appropriateness based on
the Fund’s investment objectives, strategies, restrictions and guidelines, as described in the
Fund’s governing documents (e.g., private placement memorandum, indentures, etc.).
The Adviser is a subsidiary of Franklin Square
Holdings, L.P. (“FSH”), and an affiliate of FS
Global Advisor, LLC (“FSGA”), FS Structured Products Advisor, LLC (“FSSPA”), FS/EIG
Advisor, LLC (“FSEIG”) and certain other investment advisers affiliated with FSH. FSGA is the
registered investment adviser to FS Credit Opportunities Fund (“FSCO”), a closed-end
investment company that focuses on investing in secured and unsecured floating and fixed rate
loans, bonds and other credit instruments. As of December 31, 2023, FSCO had approximately
$2.086 billion in assets under management. FSSPA is the advisor to Bridge Street CLO I, Ltd.
and Bridge Street CLO II, Ltd., and Bridge Street CLO III, Ltd. FSEIG is the investment adviser
to FS Specialty Lending Fund, formerly known as FS Energy and Power Fund.
FSTA has registered with the SEC for the purpose of providing advisory services to FS Tactical
Opportunities Fund, L.P., (including its parallel funds), a private fund designed to build an
investment portfolio of capital structured solutions and special situations credit investments
primarily in North America. Investment professionals of the Adviser, including certain of its
portfolio managers, also make investment decisions for FSGA.
The Adviser has approximately $245,098,344 million in assets under management, which the
Adviser manages on a discretionary basis.
The primary owner of the Adviser is FSH.