Fifth Street Announces Milestone of $10 Billion of Loans Committed Since Inception, Delivering Capital to Small and Mid-Sized Businesses

GREENWICH, CT, Oct. 18, 2016 -- 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 
[email protected]

Media Contact: 
James Golden / Aura Reinhard / Andrew Squire
Joele Frank Wilkinson Brimmer Katcher
(212) 355-4449