Tyson Pratcher
About Tyson Pratcher
Tyson A. Pratcher, age 50, is an Independent Trustee of FS Credit Income Fund (FCREX), serving since March 9, 2021; he is standing for shareholder election in August 2025 and would continue to serve for an indefinite term if elected . He is Chief Executive Officer of Artemis Strategic Capital Partners (since 2024) and Senior Managing Director of Artemis Real Estate Partners (since 2023); he also serves as Senior Advisor at 7 Acquisition Corp. (since November 2021) and previously held senior roles at RockCreek Group (Managing Director, 2020–2022), Cane Wells, Inc. (Managing Partner, 2019–2020), and TFO USA (Co-Head of Investments, July 2017–February 2019) . He is classified as “not an interested person” under the Investment Company Act (i.e., an Independent Trustee) .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| RockCreek Group (global asset manager) | Managing Director | 2020–2022 | Senior leadership; asset management expertise |
| Cane Wells, Inc. (consulting) | Managing Partner | 2019–2020 | Strategic advisory to alternative managers |
| TFO USA (multi-family office asset mgmt arm) | Co-Head of Investments | Jul 2017–Feb 2019 | Investment leadership; portfolio oversight |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Artemis Strategic Capital Partners | Chief Executive Officer | Since 2024 | Investment firm leadership |
| Artemis Real Estate Partners | Senior Managing Director | Since 2023 | Real estate investment firm executive |
| 7 Acquisition Corp. (SPAC) | Senior Advisor | Since Nov 2021 | Strategic advisory role |
| Finance of America | Director | Since Apr 2021 | Other public company directorship |
Board Governance
| Item | Detail |
|---|---|
| Independence status | Independent Trustee; not an “interested person” |
| Board leadership | Chair is Michael C. Forman, an interested trustee; no lead independent trustee |
| Executive sessions | Independent trustees meet in executive session as needed |
| Committee memberships | Audit Committee member (with Holly E. Flanagan and Brian R. Ford; Ford is Chair) |
| Audit Committee scope | Auditor selection/oversight; internal controls; cybersecurity; valuation oversight per Rule 2a‑5; related-person transactions review |
| FY2024 meeting cadence | Board met 8 times; Audit Committee met 8 times |
| Attendance | Each trustee attended at least 75% of Board and Audit Committee meetings in FY2024 |
Fixed Compensation
| Component | Amount/Structure |
|---|---|
| Aggregate compensation from FCREX (FY ended Oct 31, 2024) | $32,000 |
| Total compensation from fund complex (FY2024) | $32,000 (fund complex includes FS Specialty Lending Fund and FS Credit Opportunities Corp.) |
| Meeting fees | $1,000 per Board or committee meeting |
| Annual cash retainer (assets-based schedule) | $0–$200mm: $0; $200–$500mm: $10,000; $500mm–$2bn: $25,000; $2–$5bn: $50,000; $5–$10bn: $100,000; >$10bn: $250,000 |
| Chair retainers (assets-based) | Audit: $5,000 to $25,000; Nominating & Governance: $1,200 to $10,000 (ranges per asset tiers) |
Performance Compensation
| Element | Disclosure |
|---|---|
| Cash bonus / target bonus % | Not disclosed for trustees; compensation framework comprises retainers, meeting fees, chair fees determined by fund assets |
| Stock awards (RSUs/PSUs) | Not disclosed for trustees in FCREX proxy |
| Option awards | Not disclosed for trustees in FCREX proxy |
| Performance metrics (e.g., TSR/EBITDA) | None disclosed for trustee compensation; no performance-based pay elements specified |
| Clawbacks / COI change-of-control terms | Not disclosed for trustees in FCREX proxy |
Other Directorships & Interlocks
| Company | Role | Start | Potential Interlock/Notes |
|---|---|---|---|
| Finance of America | Director | Apr 2021 | Financial services; no related-party exposure disclosed with FCREX |
| 7 Acquisition Corp. | Senior Advisor | Nov 2021 | SPAC advisory; not a board role; no conflicts disclosed |
Expertise & Qualifications
- Alternative investments and asset management executive (Artemis CEO/Senior MD), indicating capital allocation and risk oversight experience relevant to credit valuation and fund governance .
- Prior multi-family office and asset manager investment leadership (TFO USA, RockCreek), supporting portfolio oversight and institutional governance acumen .
- Public company board experience (Finance of America), contributing public-market governance perspective .
Equity Ownership
| Measure | Status |
|---|---|
| Dollar range of FCREX shares owned (as of Dec 31, 2024) | None |
| Aggregate dollar range across all registered investment companies overseen | None |
| Securities of adviser/underwriter or their affiliates | None owned by Independent Trustees/nominees and their immediate family members as of Dec 31, 2024 |
| Section 16 compliance | Fund believes all reporting persons complied with Section 16(a) in FY2024 |
Governance Assessment
- Strengths: Pratcher is an Independent Trustee with Audit Committee membership; the Audit Committee’s remit includes auditor independence, internal controls, cybersecurity, valuation oversight under Rule 2a‑5, and related-person transactions review—key mechanisms for protecting investor interests in a credit interval fund . Board and Audit Committee each met eight times in FY2024, evidencing an active oversight cadence; all trustees met at least the 75% attendance threshold .
- Cautions: The Board has no lead independent trustee and is chaired by an interested trustee (Forman), which can dilute independent influence; independent trustees meet in executive session “as needed” rather than on a fixed cadence . Alignment is modest: Pratcher reported no share ownership in the Fund or related funds as of December 31, 2024, and trustee pay is entirely cash-based without disclosed equity or performance-linked elements .
- Conflicts/related parties: No related-party transactions were disclosed involving Pratcher; the Audit Committee formally oversees approval of related-person transactions and valuation governance, which mitigates risk; no securities of the adviser/underwriter are held by Independent Trustees/nominees or their immediate families per the proxy .
- Signals: External roles at Artemis and Finance of America add domain expertise in credit/alternatives; continued Audit Committee service is supportive of fund valuation and reporting integrity. Investor confidence would be enhanced by establishing a lead independent trustee and clearer ownership alignment (e.g., trustee shareholdings or equity-linked retainers); current structure does not disclose such alignment .