GREENWICH, CT, June 25, 2015 (GLOBE NEWSWIRE) -- Fifth Street Asset Management Inc. (NASDAQ:FSAM) ("FSAM") today announced that it has been named "Lender Firm of the Year" at the 5th Annual ACG New York Champion's Awards—the second consecutive year that the platform has received a firm of the year distinction. At last year's ceremony, Fifth Street was recognized as "Senior Lender Firm of the Year." The Champion's Awards, which represent a highly-regarded collaboration between the ACG (The Association for Corporate Growth) New York Chapter and The M&A Advisor, are designed to acknowledge outstanding firms, deals and dealmakers in the middle market mergers and acquisitions (M&A) industry.
"We are greatly honored to be recognized for the second year in a row, especially in light of this year's distinguished group of finalists, which included Monroe Capital, Golub Capital, Medley Management and Alcentra Capital Corporation," stated James Velgot, Fifth Street's Chief Marketing Officer, adding, "We consider it a testament to our team's best in class reliability and innovation with private equity sponsors, as well as our one-stop financing solution that provides clients with more seamless transactions and greater certainty of close."
With over a 17-year track record of disciplined credit investing, FSAM has continued to strengthen and diversify its platform over the last year to create value for both investors and clients. In addition to completing its IPO in November 2014, FSAM closed its debut middle market CLO – an important milestone in the continued growth of this complementary product offering – and the platform has made several key hires. Additionally, the firm received co-investment exemptive relief from the SEC, providing it with greater scale, flexibility and the ability to hold up to $250 million per transaction, a strong competitive advantage in the middle market.
"ACG congratulates the Fifth Street team on its award in what was a very competitive category," commented Martin Okner, Chairman of ACG New York, adding that, "We are thrilled to spotlight the achievements of firms that promote a healthy and robust middle market deal environment. The winners of the 5th Annual ACG New York Champion's Awards represent the pinnacle of M&A successes over the past year in the New York area."
An independent panel of experts representing a cross-section of the middle market industry chose the winners from among the finalists. Fifth Street's ACG New York Champion's Awards accolades join previous awards received by the firm, including "Lender Firm of the Year" from The M&A Advisor and "Lender of the Year" from Mergers & Acquisitions.
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 $6 billion of assets under management (as of March 31, 2015) 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 100 professionals across locations in Greenwich, Chicago, Palo Alto and Dallas. For more information, please visit fsam.fifthstreetfinance.com.
About The M&A Advisor
The M&A Advisor was founded in 1998 to offer insights and intelligence on M&A activities. Over the past 17 years, the firm has established the premier global network of M&A, turnaround and finance professionals. Today, it has the privilege of presenting, recognizing the achievements of, and facilitating connections between the industry's top performers throughout the world with a comprehensive range of services.
About ACG NEW YORK
ACG® New York, Inc., the founding chapter of The Association for Corporate Growth, is the largest association of middle market deal making and corporate professionals in New York, with more than 1,000 members across all industry sectors. ACG New York facilitates long term relationship building, driving middle-market growth. ACG's members are focused on investing private capital, which benefits the pension funds held by municipal workers, fireman, policeman, health workers and others that provide years of service for the public good. ACG Cares is a 501(c)(3) charity created to nurture the next generation of New York business leaders.
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Source:Fifth Street Asset Management