Future Standard Names Ex-Blackrock Executive Edwin Conway CEO
Future Standard has appointed Edwin Conway, a former senior BlackRock and Blackstone executive, as chief executive officer, the Philadelphia-based alternative asset manager said in a statement. Co-founder Michael Forman will move to full-time executive chairman, focusing on strategic direction, fund oversight, key client relationships, and growth initiatives.
Conway spent 13 years at BlackRock, where he served as global head of the firm’s $350 billion alternatives business, global head of equity private markets, and oversaw a global capital markets platform supporting $10.5 trillion in public and private assets, according to Future Standard. He was previously global head of BlackRock’s $4 trillion institutional business and a member of its global executive committee. Before BlackRock, Conway spent six years at Blackstone as a partner and senior managing director, leading global investor relations and business development.
“I am delighted to welcome Edwin to Future Standard to partner with me and help lead our next phase of growth,” Forman said. “David Adelman and I founded the firm nearly 20 years ago to broaden access to private markets solutions. Since then, client demand for exposure to this market has continued to grow, and we are well positioned to provide clients with access to the expanding range of opportunities across private markets.”
Conway, in turn, pointed to the platform he’s inheriting. “Future Standard has a differentiated platform, a strong middle-market focus, and a clear commitment to innovation across asset classes, channels, and solutions,” he said. “Michael has built a great firm with exceptional colleagues, deep client relationships, and strong momentum.”
Building on a Rebrand and a Run of Deals
Future Standard was known as FS Investments until it adopted its current name in July 2025. The firm has grown through acquisitions since: it added Portfolio Advisors, an institutional middle-market solutions and credit business, in a deal that AltsWire previously reported in 2023. Later, the 2025 addition of Post Road Group’s digital infrastructure and asset-based lending team expanded Future Standard’s private markets offerings into data centers, fiber networks, and cloud connectivity. The firm reported $86 billion in assets under management at the time of that deal; it now stands at $94 billion.
Conway’s hire also extends a leadership build-out that has picked up pace this year. Future Standard named Chris Keogh, a nearly three-decade Goldman Sachs veteran, co-president and head of client engagement and capital formation in May, tasking him with expanding the firm’s institutional and wealth distribution platform. That same period saw Kyle Delaney join as senior adviser and vice chairman, and today’s release adds Tosin Orimogunje as chief commercial officer of investment solutions.
The appointment comes just days after Robert Hoffman, the company’s longtime head of credit solutions, resigned last week from his seat on the investment committee overseeing FS Credit Income Fund, with Scott Giardina named to succeed him.
Founded nearly 20 years ago by Forman and David Adelman, Future Standard describes itself as an early mover in alternatives, having brought the first nontraded business development company, one of the first closed-end funds, and the largest credit REIT to market. The firm invests across private equity, credit, and real estate on behalf of institutional and private wealth clients.
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