Fifth Street Asset Management

Fifth Street Asset Management General Information

Description

Fifth Street Asset Management was a credit-focused asset manager that provided flexible financing solutions to small and mid-sized companies, primarily in connection with investments by private equity sponsors. The firm had over $4 billion of assets under management across two publicly-traded business development companies and multiple private investment vehicles. The Fifth Street platform had the ability to hold and commit to loans up to $100 million and financing solutions generally include one-stop financings, first lien, second lien, mezzanine debt and equity co-investments. Founded in 1998, the firm was based in Greenwich, Connecticut. On July 14, 2017, the company completed its previously disclosed transaction with Oaktree Capital Management whereby Oaktree became the new investment adviser to two Business Development Companies previously managed by FSAM.