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Fifth Street Reaches $10 Billion in Loans Committed Since Inception

October 19, 2016, 07:19 AM
Filed Under: Industry News

Fifth Street Asset Management, a nationally recognized asset manager that provides credit solutions to small and mid-sized businesses, announced that its platform has committed over $10 billion of loans since its founding in 1998.

The Company's investments were primarily in small and mid-sized businesses backed by private equity sponsors and were made through its two business development companies, Fifth Street Finance Corp. and Fifth Street Senior Floating Rate Corp., as well as multiple private investment vehicles.

"As a premier lender to the middle market private equity community, we have cultivated and maintained longstanding relationships with many key sponsors who appreciate the value-added financing solutions we provide," said Sunny K. Khorana, Managing Director and Head of Sponsor Coverage at FSAM. "These relationships, along with our size and scale, have positioned Fifth Street to maintain a steady flow of compelling investment opportunities across various market environments and enabled us to selectively invest in these $10 billion of loans."

"This is an exciting milestone for all of us at Fifth Street and a true testament to the outstanding middle market, sponsor-focused origination platform we have built over the last 18 years," said Leonard M. Tannenbaum, FSAM's Chairman and Chief Executive Officer. "Thank you to our clients for their trust over the years and the entire Fifth Street team for their hard work and dedication. Our ability to source, underwrite and manage the majority of the investments in our portfolios remains a significant competitive advantage for Fifth Street and continues to be a key driver of value for our shareholders today."

Some notable companies the Fifth Street platform has helped finance include YETI Coolers, LLC, LegalZoom, Inc., Five9, Inc., BootBarn, Inc. and First Choice Emergency Room, LLC, a subsidiary of Adeptus Health.

Fifth Street Asset Management Inc. is a nationally recognized credit-focused asset manager.

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