FSAM meaning in Business ?

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What is Fifth Street Asset Management mean?

Fifth Street Asset Management Inc. was an SEC-registered American credit-focused asset manager. The firm lent to small and medium-sized businesses. Revenues of these businesses is generally between $25 million and $500 million.

In October 2017, Oaktree Capital Management assumed management of Fifth Street's two publicly traded business development companies.

Fifth Street had principal offices in Greenwich, Silicon Valley, Dallas, and Chicago.

The firm had over $6 billion of assets under management across two public Business Development Companies (BDCs), Fifth Street Finance Corp., Fifth Street Senior Floating Rate Corp. as well as multiple private investment vehicles. The stock of Fifth Street Finance Corp. is publicly traded on the NASDAQ under the ticker FSC. Fifth Street has over 100 professionals on their team. Senior management and board members own ~1.5% of Fifth Street Finance Corp.’s stock and ~6.0% of Fifth Street Senior Floating Rate Corp.’s stock.

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Posted on 16 Dec 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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