Fifth Street Supports GTCR Acquisition of Onvoy
Fifth Street Asset Management served as joint lead arranger and joint book manager for a first lien credit facility to support GTCR’s acquisition of Onvoy.
Fifth Street Asset Management served as joint lead arranger and joint book manager for a first lien credit facility to support GTCR’s acquisition of Onvoy.
Fifth Street Asset Management served as joint lead arranger and joint lead bookrunner for a first lien credit facility to support GTCR’s acquisition of Lytx.
Michael W. Arthur joined the Fifth Street Asset Management board of directors and will serve on the Audit Committee.
Fifth Street Asset Management is expected to appoint Nathaniel August to the company’s board of directors, pursuant to an agreement finalized between FSAM and Mangrove.
According to a report from Fifth Street Asset Management, in 2015, sponsored middle market loan volume reached $50.3 billion, down 28% from 2014, falling below expectations and capping the weakest year for volume since 2009.
Fifth Street Asset Management provides a Q3/2015 Capital Markets Outlook. Although middle market deal flow has been low this year, Fifth Street observes that select lenders, especially those with a direct origination platform, saw a pickup in activity heading into September.
Fifth Street Asset Management said Steven Noreika was promoted to chief financial officer of Fifth Street Finance and Fifth Street Senior Floating Rate, effective immediately.
Fifth Street Asset Management was 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.
Fifth Street Asset Management closed Fifth Street Senior Loan Fund I(FS SLF I), a $309.5 million CLO.
Fifth Street Asset Management has co-invested in a $175 million one-stop financing facility in connection with the refinancing of Ameritox by Sterling Partners.