FS Ventures

FS Ventures is a Philadelphia, Pennsylvania-based investment firm focused on providing individual and institutional investors with direct access to alternative investments, including private credit and commercial real estate strategies. The firm operates with a workforce of approximately 350 employees and manages over $73 billion in total assets under management following its strategic 2023 merger with Portfolio Advisors. Operating through business development companies and asset management funds, the organization generates revenue via management fees while expanding its investment reach across the financial technology and consumer brand sectors. The firm has established strategic advisory partnerships with major financial institutions like KKR and backs notable portfolio companies such as cred.ai and Wheels Up, which recently secured additional corporate financing from Delta Air Lines. FS Ventures was founded in 2007 by Michael Forman, David J. Adelman, and Scott Larson.