Franklin Square Capital Partners has hired John Towle as Chief Marketing Officer. Mr. Towle will assume his role effective immediately. Mr. Towle comes to Franklin Square with 25 years of financial services industry experience. Most recently, he served as Chief Marketing Officer for Resource Real Estate, a subsidiary of Resource America Inc., and before that, the Chief Marketing Officer at Cole Real Estate Investments. Mr. Towle also worked as Director of Marketing for ING Mutual Funds and held a number of marketing and sales positions at Fidelity Investments.

The Securities Law Firm of Menzer & Hill, P.A. announced that it has filed a FINRA arbitration claim against FS2 Capital Partners, LLC ('FS2'), an affiliate of Franklin Square Capital Partners, and Franklin Square Holdings, LP, its parent, on behalf of one of its former employees related to a breach of contract claim. The statement of claim alleges that FS2 hired one of the top wholesalers in the country away from a competitor, then and only after the employee raised tens of millions of dollars for FS2 after he nearly sold out the FS Investment Corp. ('FSIC') FS2 was raising capital for, informed the employee that they were 'restructuring and eliminating his position' and terminating his employment albeit without cause and just at the beginning of the offering of the FS Energy & Power Fund ('FSEP'). In effect, FS2 used a work horse to secure them millions of dollars, and then unilaterally fired the employee without paying him what he rightfully earned. It is alleged that FS2 is attempting to circumvent their contractual obligations which could potentially cost the company in excess of a million dollars in commissions owed to their former employee.