Fifth Street Asset Management Inc. Announces Record $3 Billion in Agented and Syndicated Loans in 2015

GREENWICH, CT, Jan. 13, 2016 (GLOBE NEWSWIRE) -- 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 
[email protected]

Media Contact: 
Tom Becker
Sitrick And Company
(212) 573-6100
[email protected]