Fifth Street Asset Management successfully agented and syndicated over USD3 billion in 22 deals across its platform in 2015, according to Thomson Reuters LPC League Tables.
This represents a company record and a 67% increase over the USD1.8 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 USD250 million and underwrite and syndicate transactions up to USD500 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,” says Leonard 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.”