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Fifth Street Finance Announces Executive Appointments

January 23, 2015, 07:21 AM

Fifth Street Finance Corp. announced that its Board of Directors has promoted Todd G. Owens to Chief Executive Officer from his former role as President.  Owens joined Fifth Street in September 2014 and currently serves as President of FSC and is a member of FSC's Board of Directors.  Leonard M. Tannenbaum resigned as FSC's Chief Executive Officer after six and a half years in that role. 

Additionally, the Board of Directors appointed Ivelin M. Dimitrov to President of FSC. Dimitrov joined Fifth Street in May 2005 and currently serves as Chief Investment Officer of FSC and is a member of FSC's Board of Directors. He is also Chairman of the Board of Directors of Healthcare Finance Group, LLC, a portfolio company of FSC.

"I am very excited about the market opportunity available for FSC and look forward to guiding the company as its Chief Executive Officer," stated Todd G. Owens, adding, "I believe there is an opportunity to build upon the company's solid foundation and drive value by making operational decisions that are in the best interests of FSC's shareholders."

Fifth Street Finance Corp. is a leading specialty finance company that provides custom-tailored financing solutions to small and mid-sized companies, primarily in connection with investments by private equity sponsors.  The company originates and invests in one-stop financings, first lien, second lien, mezzanine debt and equity co-investments. 

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