Fifth Street Announces Milestone of $10 Billion of Loans Committed Since Inception, Delivering Capital to Small and Mid-Sized...
October 18 2016 - 7:00AM
Fifth Street Asset Management Inc. (NASDAQ:FSAM) (“FSAM” or the
“Company”), a nationally recognized asset manager that provides
credit solutions to small and mid-sized businesses, announced today
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.
(NASDAQ:FSC) and Fifth Street Senior Floating Rate Corp.
(NASDAQ:FSFR), 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.
About Fifth Street Asset Management Inc.
Fifth Street Asset Management Inc. (NASDAQ:FSAM) is a nationally
recognized credit-focused asset manager. The firm has over $5
billion of assets under management across two publicly-traded
business development companies, Fifth Street Finance Corp.
(NASDAQ:FSC) and Fifth Street Senior Floating Rate Corp.
(NASDAQ:FSFR), as well as multiple private investment
vehicles. The Fifth Street platform provides innovative and
customized financing solutions to small and mid-sized businesses
across the capital structure through complementary investment
vehicles and co-investment capabilities. With over an 18-year
track record focused on disciplined credit investing across
multiple economic cycles, Fifth Street is led by a seasoned
management team that has issued billions of dollars in public
equity, private capital and public debt securities. Fifth
Street's national origination strategy, proven track record and
established platform are supported by over 50 professionals across
locations in Greenwich and Chicago. For more information,
please visit fsam.fifthstreetfinance.com.
Forward-Looking Statements
This press release may contain certain forward-looking
statements, including statements with regard to the future
performance of the company. Words such as “believes,”
“expects,” “estimates,” “projects,” “anticipates,” and “future” or
similar expressions are intended to identify forward-looking
statements. These forward-looking statements are subject to
the inherent uncertainties in predicting future results and
conditions. Certain factors could cause actual results to
differ materially from those projected in these forward-looking
statements, and these factors are identified from time to time in
the company’s filings with the Securities and Exchange
Commission. The company undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
CONTACT:
Investor Contact:
Robyn Friedman, Executive Director, Head of Investor Relations
(203) 681-3720
ir-fsam@fifthstreetfinance.com
Media Contact:
James Golden / Aura Reinhard / Andrew Squire
Joele Frank Wilkinson Brimmer Katcher
(212) 355-4449
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