• Rebrand highlights firm’s evolution, transformational combination with Portfolio Advisors and commitment to delivering differentiated performance
• New Private Market Outlook urges investors to embrace a more specialized approach to private markets

PHILADELPHIA, July 21, 2025 /PRNewswire/ — FS Investments, an $86 billion global alternative asset manager, today announced its rebrand and renaming to Future Standard. The move marks a major milestone in the firm’s evolution into one of the alternative investment industry’s leading platforms for private equity, credit and real estate investments and solutions.

Future Standard will operate under a unified identity following its transformational combination with Portfolio Advisors, delivering an integrated experience across the firm’s investment strategies. Both firms have long been known as first-movers in the private markets, and the rebrand signals a commitment by the combined firm to remain at the leading edge for clients.

“Future Standard reflects what has always been at our core—a relentless drive to serve clients by uncovering differentiated opportunities that drive performance,” said Michael Forman, Chief Executive Officer. “Our expertise and access enable us to deliver the attractive returns our clients seek by uncovering opportunities others overlook.”

With deep specialization in the U.S. middle market, Future Standard is focused on a segment that is essential to economic growth but remains underrepresented in many investor portfolios. The middle market includes more than 200,000 companies generating between $10 million and $1 billion in annual revenue. As 99% of these companies are privately held, it makes access difficult without the right relationships, expertise and structure.

“In today’s crowded market, standing out demands clarity, conviction and a commitment to challenging convention,” said Stephen Tisdalle, Chief Marketing Officer. “Future Standard reflects how we help optimize our clients’ portfolios with unique and untapped opportunities. This brand gives us the voice and platform to bring our specialization, skill and ambition to our clients and to the entrepreneurs powering the U.S. economy.”

The firm’s new brand leverages its legacy of innovation and industry firsts, including launching the first private business development company (BDC) and the largest non- traded credit REIT. Future Standard’s investment approach combines deep domain expertise with thoughtful product design, providing clients with access to opportunities across liquidity profiles and market cycles.

“While much is changing, the core of who we are and where we operate remains the same,” Forman added. “With specialized teams across asset classes and a strong distribution infrastructure, we are focused on investor outcomes and leading the way in private markets access and performance.”

Private Markets Outlook

Future Standard today also released its latest Private Markets Outlook, “Follow the  Value, Not the Herd,” which examines how policy uncertainty and macroeconomic risks are impacting dealmaking. Beneath this cyclical uncertainty, the report identifies a more significant shift: a new investment imperative is emerging in private markets. Many allocators are flocking to large, brand-name managers—but as the report underscores, capturing real value in this next market phase will require a different approach.

“Nearly half of all private capital raised globally this year has flowed into megafunds, intensifying the challenge of generating attractive returns,” said Mike Kelly, Chief Investment Officer. “We believe the next cycle of alpha will be led by operators who understand how to drive real value—through pricing power, margin expansion, and executional excellence. At a time when policy and geopolitical uncertainty persist, we believe the most compelling opportunities for investors lie in the U.S. middle market, where operational rigor, sector specialization, and manager skill drive differentiated returns.”

In this environment, operational expertise and domain specialization will be the key to outperformance. Future Standard’s analysis shows that in private equity, large-cap managers have underperformed their smaller peers in both median and top-end returns. In both private credit and real estate, smaller funds show greater upside. Meanwhile, higher interest rates are reshaping the investment terrain, compressing equity returns and shifting value toward lenders.

As the global investment landscape evolves, the imperative is clear: managers must think differently and embrace the complexity of what comes next.

Contact information:
Marc Hazelton or Melanie Hemmert 
media@futurestandard.com

ABOUT FUTURE STANDARD

Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit and real estate. With a 30+ year track record of value creation and over $86 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.¹

Visit futurestandard.com to learn more.                                  

1 Total AUM estimated as of March 31, 2025.        

TAIPEI, July 21, 2025 /PRNewswire/ — Cenra Healthcare, the sales and marketing arm of Cenra Inc. (TWSE: 3716), today announced the deepening of its long-standing collaboration with the global pharmaceutical company Dr. Reddy’s Laboratories (Taiwan) Ltd (Dr. Reddy’s). Since the partnership began in 2020, the two companies have worked closely to introduce a diverse range of high-quality generic drugs and innovative formulations to patients in Taiwan, with a shared commitment to broadening access to affordable and clinically valuable treatments.

“We are proud to strengthen our collaboration with Dr. Reddy’s, one of the world’s leading pharmaceutical companies with strong R&D capabilities,” said Lucas Lin, General Manager of Cenra Healthcare. “With Cenra Healthcare’s broad market coverage and strong presence in Taiwan’s healthcare landscape, we are well positioned to support our partners in promoting access to essential medicines. This partnership is built not just on product alignment, but on a shared belief in patient-centric care — delivering affordable, high-quality treatment options backed by long-term trust and mutual values.”

Over the past five years, Cenra Healthcare and Dr Reddy’s have successfully introduced a number of key therapies in the field of oncology, including chemotherapy agents, hormone therapies, and targeted treatments for prostate cancer, breast cancer, ovarian cancer, and hematological malignancies. The collaboration aligns with the National Health Insurance Administration’s (NHIA) policy to encourage the use of generic drugs in cancer treatment, thereby enhancing medicine supply resilience and safeguarding patient access.

Looking ahead, Cenra Healthcare and Dr. Reddy’s will continue to deepen their partnership by introducing additional  proven therapies across multiple therapeutic areas. Cenra Healthcare is also actively partnering with other leading global pharmaceutical companies to bring more affordable and much-needed medicines to patients in Taiwan – advancing its vision of empowering health equity and delivering hope and trust to patients and families.

About Cenra Healthcare
Cenra Healthcare, established in 2004 as the sales and marketing arm of Cenra Inc., is a leader in providing comprehensive healthcare solutions tailored to meet the diverse needs of individuals in Taiwan and beyond. Cenra Healthcare specializes in the distribution of high-quality pharmaceuticals and innovative healthcare products, ensuring accessibility and affordability for all.

Founded in 1952, Cenra Inc. (TWSE: 3716; formerly China Chemical & Pharmaceutical Co., Ltd.) is one of the leading healthcare companies in Taiwan, with its subsidiaries and affiliates covering a wide range of areas, including human and veterinary pharmaceuticals, active pharmaceutical ingredients, health supplements, over-the-counter (OTC) drug products, household and beauty products, and elderly care services. Cenra is driven by a vision of “Empowering health equity, propelling a healthier world for all,” and is committed to delivering impactful health solutions and enhancing public health through partnerships and strategic alliances. For more information, please visit cenra.com.

About Dr. Reddy’s
Dr. Reddy’s Laboratories Ltd. (BSE: 500124, NSE: DRREDDY, NYSE: RDY, NSEIFSC: DRREDDY) was founded in 1984 and is headquartered in Hyderabad, India. Guided by its mission ‘Good Health Can’t Wait’, it is committed to providing affordable and innovative medicines. Its portfolio of products and services includes active pharmaceutical ingredients (APIs), generics (including biosimilars and OTC products), innovative products, and custom pharmaceutical services. Its key therapeutic focus areas are gastrointestinal, cardiovascular, and oncology. Dr. Reddy’s has a global presence spanning over 80 countries, with major markets including the United States, India, Russia & other CIS countries, China, Brazil, and Europe.

The company was awarded Gold for HR Technology Solution Provider of the Year and Silver for Global HR Solution Provider of the Year.

NEW YORK, July 21, 2025 /PRNewswire/ — Multiplier, a leading global employment platform, today announced it has been honored with both a Gold Stevie® Award for HR Technology Solution Provider of the Year and a Silver Stevie® Award for Global HR Solution Provider of the Year in the prestigious 10th annual Stevie® Awards for Great Employers. These accolades recognize Multiplier’s pivotal role in transforming how companies access, manage, and scale global talent.

The Stevie® Awards are the world’s premier business awards, celebrating excellence in the workplace across a wide range of industries and functions. This recognition reflects Multiplier’s impact in democratizing global hiring, making it accessible, cost-effective, and compliant for companies worldwide.

“We’ve always believed that talent knows no borders,” said Sagar Khatri, Co-founder and CEO of Multiplier. “The Stevie Awards are a powerful validation of the technology we’ve built at Multiplier to turn that belief into reality. We’re removing the friction from global hiring, and giving companies the tools to scale across markets with speed and confidence.”

Since its inception in 2020, Multiplier has been on a mission to simplify the complexities of international hiring. The company’s platform helps businesses to onboard, manage, and pay employees and contractors across more than 150 countries and in over 120 currencies. Through a single, automated, and compliance-first solution, Multiplier significantly reduces the total cost of ownership by up to 35% and provides unparalleled support with dedicated Customer Success Managers and 24/7 human-led assistance.

The Gold Stevie® Award for HR Technology Solution Provider of the Year specifically highlights Multiplier’s cutting-edge platform, lauded for its intuitive, AI-led user experience that streamlines global hiring and payroll processes. The Silver Stevie® Award for Global HR Solution Provider of the Year acknowledges the company’s broader impact in enabling frictionless international expansion for businesses of all sizes, fundamentally changing the landscape of global employment.

“Multiplier doesn’t just tick the innovation boxes; it was born from real-world frustration and built with human empathy at its core,” said one of the Stevie Award Judges. “The awards and recognitions (IEC, Everest, G2, Fast Company) are impressive, but the real strength lies in how they’ve quietly redefined what global employment feels like: fast, compliant, and deeply people-first.”

Details about the Stevie Awards for Great Employers and the list of 2025 Stevie winners

are available at www.StevieAwards.com/HR.

END

About Multiplier

Multiplier is a global employment platform for HR leaders and professionals who need an easy, fast, and cost-effective way to onboard, hire, manage and pay the best global talent across 150+ countries. Through its best-in-class EOR, COR, Global Payroll, and compliance technology, plus person-to-person support and hyper-local employee benefits, Multiplier empowers its customers to hire the best global talent and build a world of limitless opportunity.

About the Stevie Awards

Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, the Stevie Awards for Technology Excellence and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

HONG KONG, July 21, 2025 /PRNewswire/ — Data Center Asia (DCA) debuts today at AsiaWorld-Expo, Hong Kong, marking the exciting launch of a new force in the APAC data center landscape. Built on the proven success of the Data Center World event in the United States, DCA brings global expertise to Asia while tailoring the experience to meet the needs of regional markets. Starting with its flagship edition in Hong Kong — the gateway to Greater China and Northeast Asia — the series will move on to Jakarta and Kuala Lumpur in Southeast Asia, creating a truly connected platform for Asia’s data center ecosystem.

All-in-One Solution Showcase and Knowledge Hub

The inaugural edition brings together over 200 brands from across China, Singapore, Japan, the United States and beyond. Exhibits span the full spectrum of data center infrastructure — from power and cooling technologies, modular designs, network equipment to security solutions, cloud and virtualization technologies, DCIM and sustainability practices. A standout feature is the MATRADE Pavilion, showcasing cutting-edge digital innovations from some of Malaysia’s leading technology companies.

Serving as both an exhibition and an industry think tank, the expo presents five summits and forums over the three days, exploring 12 key themes such as AI, sustainability, cybersecurity, computing advancements and more. More than 100 global thought leaders, researchers and analysts lead curated sessions developed with our content partners, delivering data-driven insights to inform real-world decisions.

Omdia Leads the AI Dialogue at DCA 2025

As a key brand under Informa Markets’ TechTarget portfolio, Omdia is a trusted research and advisory group in the global tech industry. Serving clients across 180 countries, Omdia draws on vast datasets to support technology innovation from R&D to return on investment.

Omdia Analyst Summit — a premier event within the US exhibition — returned as an exclusive full-day conference at DCA 2025. Centered on the theme “Where is AI Really Headed?”, the summit guided in-depth discussions on AI’s role in transforming data centers by 2030, with data-backed insights on how AI optimize cooling systems and accelerate demand for alternative energy solutions.

Forum Spotlights Carbon-Neutral Initiatives

The concurrent track presents the Sustainability Forum, which delved into strategies for achieving carbon neutrality in data centers. The opening keynote by Pritesh Swamy, Head of Data Centre Research & Advisory, Asia Pacific, Cushman & Wakefield, outlined investment opportunities in the data centers across Asia Pacific, driven by ESG performance & energy efficiency. Another key session featured association leaders from Malaysia, Singapore and the Philippines, offering long-term data center design strategies tailored to Southeast Asia.

Unlock Targeted Insights Across Sectors

DCA offered a rich line-up of events over the rest two days, all providing specialized insights and focused learnings to attendees. The Deep Knowledge Summit, co-hosted with Deep Knowledge Community and E7 Research, featured keynote speakers including Yin Jianxiong, Solution Architect and Director of Nvidia-SEA Joint Lab and Zhang Peng CTO, SLiquid Global and Jung-hyup Kang, President of Korea Data Center Council to explore integration of AI and green technologies in data center architecture and operations.

The Cybersecurity Ecosystem Forum, co-hosted with ISC2 Shanghai Chapter, addresses cybersecurity challenges in the AI era including data privacy, skills gaps, cross-border data flows and zero-trust security. Featured speakers include Judy Saw, President of Digital Defence Alliance Singapore (DDAS); Patrick Wong, Partner of Cybersecurity and Privacy of PwC and Ricky Chau, Chief Strategy & Customer Officer of CBC Tech.

The Design & Operations Summit examined data center construction and management, from site selection to design, construction and operations. Poh Seng Lee, Head of Mechanical Engineering and Professor of Thermal Systems at the National University of Singapore, leaded discussions on building AI-ready data centers and Wei Lulu, Deputy General Manager of Data to Cool (DTC) offered the latest innovations on liquid cooling technology.

Connected Intelligence at DCA 2025

DCA took place under the license of Build4Asia, Asia’s premier platform for building, electrical engineering and security solutions, alongside Mobility Tech Asia and the Battery Show Asia. This collaboration offered a comprehensive perspective on data innovation and application, bringing together IDC experts, EPC contractors, data center infrastructure manufacturers, distributors, end users and more for valuable cross-sector exchange.

As Asia’s only event of its kind, DCA delivered a complete data center experience through top-tier exhibits, thought-leading conferences and tailored networking. Industry professionals can engage with advanced technologies, uncover practical insights, and establish high-value partnerships — all within one single platform that offers regional focus with global ambition.

DCA is open to trade professionals and media only and visitors must be aged 18 or above. Registering for DCA provides entry to the full line-up of co-located events.

For snapshots of Data Centre Asia Hong Kong, please visit:
https://informa-markets.gump.gg/album/build4asia-data-center-asia

About Informa Markets

Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.