Fifth Street Asset Management Inc. Announces Record $3 Billion in Agented and Syndicated Loans in 2015
January 13 2016 - 8:15AM
Fifth Street Asset Management Inc. (NASDAQ:FSAM) (“FSAM”) today
announced that in 2015 it successfully agented and syndicated over
$3 billion in 22 deals across its platform, according to Thomson
Reuters LPC League Tables. This represents a company record
and a 67% increase over the $1.8 billion of deals agented and
syndicated in 2014.
The Fifth Street platform stands among a limited number of
middle market lenders who have the ability to hold loans up to $250
million and underwrite and syndicate transactions up to $500
million, providing a unique competitive advantage.
“In recent years, aligned with our goal to deliver fully
underwritten solutions to our private equity sponsor partners,
Fifth Street has continued to expand our capital markets presence,
increasing our volume of middle market syndications and club
transactions. Amidst widespread demand for middle market
senior secured assets, as a leading direct origination platform, we
have experienced increased interest from third parties to
participate in our deals,” said Leonard M. Tannenbaum, Founder and
Chief Executive of FSAM. “We are pleased with the growth in our
capital markets business and continue to believe that additional
opportunity exists to further penetrate the middle market.”
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 a 17-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 approximately 80
professionals across locations in Greenwich, Chicago and San
Francisco. For more information, please visit
fsam.fifthstreetfinance.com
Forward-Looking Statements
Some of the statements in this press release constitute
forward-looking statements, because they relate to future events or
our future performance or financial condition. Forward-looking
statements may include statements as to the future operating
results, dividends and business prospects of Fifth Street Street
Asset Management Inc. (“FSAM” or the “Company”). Words such
as “believes,” “expects,” “seeks,” “plans,” “should,” “estimates,”
“project,” and “intend” indicate forward-looking statements,
although not all forward-looking statements include these words.
These forward-looking statements involve risks and uncertainties.
Actual results could differ materially from those implied or
expressed in these forward-looking statements for any reason.
Such factors are identified from time to time in FSAM’s filings
with the Securities and Exchange Commission and include changes in
the economy and the financial markets and future changes in laws or
regulations and conditions in the Company’s operating areas.
FSAM undertakes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
CONTACT:
Investor Contact:
Robyn Friedman, Senior Vice President, Head of Investor Relations
(203) 681-3720
ir-fsam@fifthstreetfinance.com
Media Contact:
Tom Becker
Sitrick And Company
(212) 573-6100
Tom_Becker@sitrick.com
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