Fifth Street Asset Management: Difference between revisions
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'''Fifth Street Asset Management Inc.''' is an SEC-registered American credit-focused asset manager.<ref name = "marketwatch" /> The firm lends to small and medium-sized businesses<ref name = "bloombergleslie" /> |
'''Fifth Street Asset Management Inc.''' is an SEC-registered American credit-focused asset manager.<ref name = "marketwatch" /> The firm lends to small and medium-sized businesses<ref name = "bloombergleslie" /> |
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Fifth Street has principal offices in [[Greenwich]] <ref>[http://greenwich.dailyvoice.com/business/fifth-street-financial-firm-move-operations-greenwich “Fifth Street Financial Firm To Move Operations to Greenwich”], “Greenwich Daily Voice”, July 2013</ref> |
Fifth Street has principal offices in [[Greenwich]] <ref>[http://greenwich.dailyvoice.com/business/fifth-street-financial-firm-move-operations-greenwich “Fifth Street Financial Firm To Move Operations to Greenwich”], “Greenwich Daily Voice”, July 2013</ref> [[Sillicon Valley]], [[Dallas]] <ref>[http://www.themiddlemarket.com/news/fifth-street-enters-venture-lending-business-242922-1.html “Fifth Street Enters Venture Lending Business”], “The Middle Market”, August 2013</ref>, [[Chicago]]<ref>[http://www.stamfordadvocate.com/news/article/Fifth-Street-Finance-buys-HQ-in-Greenwich-4747931.php “Fifth Street Finance buys HQ in Greenwich”], “Stamford Advocate”, August 2013</ref>. |
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== History == |
== History == |
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Revision as of 21:08, 16 December 2014
| Company type | Public.[2] |
|---|---|
| Industry | Asset Management [2] |
| Founder | Leonard M. Tannenbaum [1] |
| Headquarters | Greenwich, Connecticut [1] |
Key people | Leonard M. Tannenbaum, Founder & CEO [1] |
| Products | Mezzanine capital, leveraged buyouts, venture lending, senior secured, unitranche, one-stop financing, first lien debt, second lien debt, mezzanine debt, equity co-investment, delayed draw term loan |
| Total assets | $5.6 billion [1] |
Number of employees | 90 |
| Website | [http:// www.fifthstreetfinance.com] |
Fifth Street Asset Management Inc. is an SEC-registered American credit-focused asset manager.[1] The firm lends to small and medium-sized businesses[2]
Fifth Street has principal offices in Greenwich [3] Sillicon Valley, Dallas [4], Chicago[5].
History
The Fifth Street entities were founded by Leonard M. Tannenbaum in 1998 [1]
Fifth Street Asset Management owns two publicly-traded business development companies, Fifth Street Finance Corporation and Fifth Street Floating Rate Corporation.[1] Fifth Street Finance Corporation was established in 1998[6] and Fifth Street Senior Floating Rate Corporation was established in 2013.[7] In October 2014, Fifth Street Asset Management completed its initial public offering and is currently listed on the NASDAQ(NASDAQ: FSAM). The company had initially withdrawn its initial public offering, only to then amend it on October 28 and reduce the initial offering by 50 percent.[2] Originally, the company planned to issue 8 million shares at between $24 to $26 per share.[1] Company shares declined 21 percent to $13.37 on its first day of trading after opening at $17 per share.[2]
References
- ^ a b c d e f g h i “Fifth Street Asset Management Pulls IPO” Sital Patel, “MarketWatch”, October 22, 2014
- ^ a b c d e “Fifth Street Declines in Trading Debut After Reduced IPO”, Leslie Picker, “Bloomberg.com”, October 30, 2014
- ^ “Fifth Street Financial Firm To Move Operations to Greenwich”, “Greenwich Daily Voice”, July 2013
- ^ “Fifth Street Enters Venture Lending Business”, “The Middle Market”, August 2013
- ^ “Fifth Street Finance buys HQ in Greenwich”, “Stamford Advocate”, August 2013
- ^ “Filling the Gap… With Enthusiasm: A Conversation with Leonard Tannenbaum, CEO of Fifth Street Finance”, “ABFJournal”, May 2012
- ^ “Fifth Street Senior Floating Rate IPO Raises $100 Mln”, “Reuters”, Luisa Beltran, July 17, 2013