Fifth Street Asset Management 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."
Fifth Street Asset Management Inc. 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. and Fifth Street Senior Floating Rate Corp, 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.