Mr. Stephen S. Sypherd is a Secretary & General Counsel at FS Multi-Alternative Income Fund, a Secretary, Treasurer & Vice President at FS Credit Real Estate Income Trust, Inc., a Secretary & General Counsel at FS Credit Income Fund, a Secretary, Treasurer & Vice President at FS Global Credit Opportunities Fund - ADV, a Secretary, Treasurer & Vice President at FS Global Credit Opportunities Fund-T, a Managing Director at FSEP II Advisor LLC, a Secretary & General Counsel at FS KKR Capital Corp., a General Counsel at FS Investment Corp. IV, a Secretary & General Counsel at FS KKR Capital Corp. II, a Secretary, Treasurer & Vice President at Franklin Square Holdings LP, a Secretary, Treasurer, VP & General Counsel at FS Energy & Power Fund, a Managing Director at FSIC IV Advisor LLC, a Senior Vice President & General Counsel at FB Advisors, Inc., a Senior Vice President & General Counsel at FB Income Advisor LLC, a Senior Vice President & General Counsel at FS Investment Advisor LLC, a Senior Vice President & General Counsel at FSIC II Advisor LLC, a Senior Vice President & General Counsel at FS Global Advisor LLC, a Senior Vice President & General Counsel at FSIC III Advisor LLC and a Treasurer, Secretary & Vice President at FS Series Trust.

He is on the Board of Directors at FS Rialto Sub-REIT LLC and University of the Arts. Mr. Sypherd was previously employed as a Secretary, Treasurer & Vice President by FS Energy Total Return Fund (Old), a Secretary, Treasurer & Vice President by FS Investment Corp. III, a Secretary, Treasurer & Vice President by FS Global Credit Opportunities Fund, a Secretary, Treasurer & Vice President by FS Global Credit Opportunities Fund A, a Secretary, Treasurer & Vice President by FS Global Credit Opportunities Fund-R, and an Attorney by Skadden, Arps, Slate, Meagher & Flom LLP.

He received his undergraduate degree from Villanova University and a graduate degree from Georgetown University Law Center.