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Fifth Street Asset Management Inc. Announces Completion of Executive Management Appointments in Connection With Initial Public Offering

GREENWICH, CT, Jan. 22, 2015 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (NASDAQ:FSAM) ("FSAM") today announced that the Fifth Street platform has completed all of its executive management changes in connection with FSAM's November 2014 initial public offering. Full-time, dedicated senior executive teams have been put in place at FSAM, as well as the two publicly-traded business development companies (each, a "BDC") that it manages, Fifth Street Finance Corp. (NASDAQ:FSC) ("FSC") and Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR) ("FSFR").

The leadership executive positions now include:

Fifth Street Asset Management Inc.

Management Committee:
Leonard M. Tannenbaum, Chairman and Chief Executive Officer

Bernard D. Berman, Co-President and Chief Compliance Officer
Ivelin M. Dimitrov, Chief Investment Officer
Alexander C. Frank, Chief Operating Officer and Chief Financial Officer
Todd G. Owens, Co-President

Fifth Street Finance Corp. (BDC)
Todd G. Owens, Chief Executive Officer
Ivelin M. Dimitrov, President and Chief Investment Officer

Fifth Street Senior Floating Rate Corp. (BDC)
Ivelin M. Dimitrov, Chief Executive Officer
Todd G. Owens, President

"With these appointments, each of our public entities will have a senior management team focused on supporting future growth and benefitting each respective shareholder base," commented Leonard M. Tannenbaum, Chairman and Chief Executive Officer of FSAM, adding, "Going forward, I personally look forward to executing on FSAM's strategic vision and continuing to build a leading, diversified credit-focused asset manager."

About Fifth Street Asset Management Inc.

Fifth Street Asset Management Inc. (NASDAQ:FSAM) is a growing credit-focused asset manager. The firm has over $6 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 a 16-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 100 professionals across locations in Greenwich, Chicago, Palo Alto and Dallas. 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, Vice President, Investor Relations (203) 681-3720 ir-fsam@fifthstreetfinance.com Media Contact: Nick Rust Prosek Partners (212) 279-3115 ext. 252 pro-fifthstreet@prosek.comSource:Fifth Street Asset Management