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Fifth Street Asset Management Inc. Announces That David A. Heilbrunn Will Join the Firm as a Managing Director and a Member of Its Management Committee

GREENWICH, CT, May 7, 2015 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (NASDAQ:FSAM) ("FSAM") today announced that, effective May 11, 2015, David A. Heilbrunn will join Fifth Street as a Managing Director and member of the firm's Management Committee. Mr. Heilbrunn will be responsible for driving growth across Fifth Street's businesses, specifically focusing on expanding its growing structured credit products platform, developing institutional client relationships and optimizing the firm's various financing arrangements.

Mr. Heilbrunn joins Fifth Street with over 27 years of experience focused on institutional business development and structured credit products. Most recently, as a Managing Director of The Carlyle Group ("Carlyle"), Mr. Heilbrunn played a leading role in the creation of two non-traded business development companies raising over $2.2 billion of private equity and debt capital. Additionally, while at Carlyle his team continued to manage a legacy $1.25 billion middle market collateralized loan obligation ("CLO"). Prior to joining Carlyle in November 2011, Mr. Heilbrunn was a Senior Management Director and Head of Corporate Strategy at Churchill Financial, a leading commercial finance company which was sold to Carlyle. Mr. Heilbrunn's experience also includes roles at Bear, Stearns & Co., as a Senior Management Director and CLO Group Head and at J.P. Morgan, as a Managing Director and Group Head of its North American-focused CLO business. Mr. Heilbrunn received an M.B.A., with distinction, from the University of Michigan Business School and a B.S. in accounting, magna cum laude, from The State University of New York at Albany.

"David's knowledge about the middle market lending space, combined with his institutional relationships and structured products experience, make him a natural fit for the position," commented Leonard M. Tannenbaum, Chairman and Chief Executive Officer of FSAM, adding, "I look forward to having David join the Fifth Street platform to expand and grow our existing structured products offering. We expect that David will help us execute on FSAM's strategic vision of continuing to build a leading, diversified credit-focused asset manager."

"I am excited to join the Fifth Street platform and partner with an established management team with an eye towards growing and diversifying FSAM's existing product offerings," stated David Heilbrunn, adding, "I believe there is a significant opportunity to build upon Fifth Street's strong brand and leading sponsor-focused middle market origination platform to expand its institutional market presence both domestically and globally."

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 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 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