Fifth Street Asset Management Inc. Announces the Closing of a Separately Managed Account With Large, Institutional Investor

GREENWICH, CT, Jan. 19, 2016 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (NASDAQ:FSAM) (“FSAM”) today announced the closing of a separately managed account (“SMA”) with a large, well-respected institutional investor who intends to purchase a minimum of $50 million of middle-market loans in the SMA.

As middle market loans remain in high demand by investors seeking to access this specific asset class, the agreement provides the institutional investor with access to Fifth Street’s leading middle market origination platform.  The investment is a testament to Fifth Street’s 17-year track record of creating value through its proprietary origination capabilities, strong underwriting and portfolio management expertise.  The platform’s ability to provide unique, customized solutions across the capital structure to middle market companies and gain access to exclusive opportunities makes an SMA a compelling product for institutions seeking middle market asset exposure.

“We are pleased to announce the closing of this separately managed account with a high caliber institution, which we believe is a testament to the value and strength of the Fifth Street platform,” said Leonard M. Tannenbaum, Founder and Chief Executive of FSAM, adding, “Our ability to originate unique, proprietary middle market assets combined with our capacity to provide a tailor-made solution presented an attractive opportunity for our new investor.  We are looking forward to beginning our relationship with our new client and remain excited about the prospects of growing our institutional business line.”

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 FSAM.  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 FSAM’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]