Future Standard

Future Standard is a global alternative asset manager headquartered in Philadelphia, United States. The firm's core business revolves around providing access to private markets, with a mission to help institutional and private wealth clients construct better, more diversified investment portfolios. It aims to achieve this by identifying and capitalizing on overlooked opportunities, particularly within the U.S. middle market.

The company offers a diverse range of investment solutions across key alternative asset classes, including private equity (covering primaries, secondaries, and direct equity), credit (spanning senior, junior, opportunistic, liquid, and asset-based finance), real estate (focused on commercial real estate debt), infrastructure (specifically digital infrastructure), and multi-asset strategies. Future Standard specializes in the U.S. middle market, which comprises over 200,000 companies with annual revenues between $10 million and $1 billion, a segment often inaccessible to many investors.

In a significant development, the firm rebranded from FS Investments to Future Standard in July 2025, following its combination with Portfolio Advisors, unifying their expertise under a single brand. Led by Chairman and CEO Michael Forman and President and Chief Investment Officer Mike Kelly, Future Standard manages over $93 billion in assets as of December 31, 2025. Recent strategic moves include the February 2026 acquisition of a majority stake in Velonex Technologies and the September 2025 agreement to acquire Post Road Group's Digital Infrastructure platform, further expanding its capabilities in the digital infrastructure sector.