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Heilbrunn Joins Fifth Street as Managing Director

May 07, 2015, 07:39 AM

Fifth Street Asset Management Inc. announced that, effective May 11, 2015, David A. Heilbrunn will join Fifth Street as a Managing Director and member of the firm's Management Committee. Mr. Heilbrunn will be responsible for driving growth across Fifth Street's businesses, specifically focusing on expanding its growing structured credit products platform, developing institutional client relationships and optimizing the firm's various financing arrangements.

Heilbrunn joins Fifth Street with over 27 years of experience focused on institutional business development and structured credit products. Most recently, as a Managing Director of The Carlyle Group, Heilbrunn played a leading role in the creation of two non-traded business development companies raising over $2.2 billion of private equity and debt capital. Additionally, while at Carlyle his team continued to manage a legacy $1.25 billion middle market collateralized loan obligation ("CLO"). Prior to joining Carlyle in November 2011, Heilbrunn was a Senior Management Director and Head of Corporate Strategy at Churchill Financial, a leading commercial finance company which was sold to Carlyle. Heilbrunn's experience also includes roles at Bear, Stearns & Co., as a Senior Management Director and CLO Group Head and at J.P. Morgan, as a Managing Director and Group Head of its North American-focused CLO business.

"David's knowledge about the middle market lending space, combined with his institutional relationships and structured products experience, make him a natural fit for the position," commented Leonard M. Tannenbaum, Chairman and Chief Executive Officer of FSAM, adding, "I look forward to having David join the Fifth Street platform to expand and grow our existing structured products offering. We expect that David will help us execute on FSAM's strategic vision of continuing to build a leading, diversified credit-focused asset manager."

"I am excited to join the Fifth Street platform and partner with an established management team with an eye towards growing and diversifying FSAM's existing product offerings," stated David Heilbrunn, adding, "I believe there is a significant opportunity to build upon Fifth Street's strong brand and leading sponsor-focused middle market origination platform to expand its institutional market presence both domestically and globally."

Fifth Street Asset Management Inc. is a growing credit-focused asset manager. The firm has over $6 billion of assets under management across two publicly-traded business development companies, Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp., as well as multiple private investment vehicles.

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