Fifth Street Management LLC Receives 2014 ACG New York Champion's Award for "Senior Lender Firm of the Year"
June 26 2014 - 6:00PM
Fifth Street Management LLC ("Fifth Street") today announced that
it has been named "Senior Lender Firm of the Year" at the 4th
Annual ACG New York Champion's Awards. The event, which took place
at the Metropolitan Club in New York, NY on June 19, was a
collaboration between the ACG (Association for Corporate Growth)
New York chapter and The M&A Advisor, designed to recognize
outstanding firms, deals and dealmakers in the middle market
mergers and acquisitions (M&A) industry.
"We are thrilled to accept this accolade, particularly in light
of the finalists," said James Velgot, Fifth Street's Chief
Marketing Officer, adding, "To be chosen as 'Senior Lender Firm of
the Year' from among East West Bank, Golub Capital and Salus
Capital Partners is a great honor, underscoring Fifth Street's
position as a leading alternative asset manager and the strength of
our senior financing solutions."
Due to the strong demand for the firm's senior debt products,
Fifth Street continues to expand its array of investment vehicles
focused on senior secured middle market loans in order to better
support its clients. Fifth Street's affiliate, Fifth Street Senior
Floating Rate Corp. (Nasdaq:FSFR), is approaching its one-year
anniversary as a public company with a high-quality portfolio of
100% senior secured floating rate loans and is structuring a
strategic partnership with GF Funding 2014, an entity controlled by
the Glick family, to establish a joint venture to co-invest in this
asset class. This entity should be similar to the recently
closed joint venture between another Fifth Street affiliate, Fifth
Street Finance Corp. (Nasdaq:FSC) ("FSC"), and Trinity Universal
Insurance Company, a subsidiary of Kemper Corporation. FSC is
also in active discussions with several other third parties about
additional partnerships.
"We celebrate outstanding individuals, firms and transactions
that have helped drive America's middle market," said Martin Okner,
President of ACG New York, adding that, "In so doing, we also
recognize middle market private capital's important contribution to
our national well-being. The middle market accounts for over
43 million U.S. jobs and 33% of U.S. GDP."
"Fifth Street was chosen from over 350 nominating companies to
receive the award. It gives us great pleasure to recognize
Fifth Street and bestow upon them one of our highest honors for
M&A firms and professionals," said David Fergusson, President
of The M&A Advisor, adding, "Fifth Street represents the best
of the M&A industry in 2014 and earned this honor by standing
out in a group of very impressive finalists."
An independent body of experts representing a cross-section of
the middle market industry selected the winners from among
finalists. Fifth Street was also recently named both 2013
"Lender Firm of the Year" by The M&A Advisor and "Lender of the
Year" by Mergers & Acquisitions.
About Fifth Street Management LLC
With over $4 billion in assets under management, Fifth Street
Management LLC is a leading alternative asset manager with a core
focus on credit strategies. The firm manages a number of
private funds and is the SEC-registered investment adviser of two
publicly-traded business development companies, Fifth Street
Finance Corp. (NASDAQ:FSC) and Fifth Street Senior Floating Rate
Corp. (NASDAQ:FSFR). With a track record of more than 16 years
and offices across the country, Fifth Street's nationally
recognized platform provides custom-tailored financing solutions to
small and mid-sized companies, primarily in connection with
investments by private equity sponsors. Principally in the
form of one-stop financings, first lien, second lien, mezzanine
debt and equity co-investments, the Fifth Street platform has the
ability to hold loans up to $150 million, commit up to $250 million
and structure and syndicate transactions up to $500
million. Fifth Street's website can be found at
fifthstreetfinance.com.
About The M&A Advisor
The M&A Advisor was founded in 1998 to offer insights and
intelligence on M&A activities. Over the past 16 years, the
firm has established the premier global network of M&A,
turnaround and finance professionals. Today, it has the
privilege of presenting, recognizing the achievements of, and
facilitating connections between the industry's top performers
throughout the world with a comprehensive range of services.
About ACG NEW YORK
ACG® New York, Inc., the founding chapter of The Association for
Corporate Growth, is the leading membership organization in New
York that facilitates relationship building and focused education
for middle market deal-making professionals.
Each year over 8,000 professionals participate in ACG New York's
70+ networking and educational events in New York City and
Westchester and on Long Island, including healthcare, manufacturing
& logistics and retail conferences. ACG DealSource® and
ACG Capital Connection® events put buyers together with funding
sources in scheduled private meetings and bring M&A specialists
together for open networking.
The organization's annual Champion's Awards recognize the year's
outstanding middle market firms and deals, while its Education Cup
competition honors the best graduate business school team from the
New York City area for M&A counseling prowess. These and
other programs have spurred ACG New York's rapid growth in recent
years, with membership now exceeding 1,000. This year ACG New
York is celebrating the 60th anniversary of its founding by Peter
Hilton.
Forward-Looking Statements
This press release may contain certain forward-looking
statements, including statements with regard to the future
performance(s) of Fifth Street Finance Corp. ("FSC") and/or Fifth
Street Senior Floating Rate Corp. ("FSFR"). 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 FSC's and/or FSFR's filings with the Securities and
Exchange Commission. Neither FSC nor FSFR undertake any
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: Investor Contact:
Dean Choksi, Executive Director of Finance &
Head of Investor Relations
(914) 286-6855
dchoksi@fifthstreetfinance.com
Media Contact:
Nick Rust
Prosek Partners
(212) 279-3115 ext. 252
pro-fifthstreet@prosek.com
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