WHITE PLAINS, N.Y., April 25, 2011 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp. (NYSE:FSC) ("Fifth Street") today announced that Gregory Browne has joined the firm as a Managing Director. Mr. Browne has more than 20 years of leveraged lending experience, primarily to the middle market private equity community. Mr. Browne will be based in Fifth Street's Chicago office and will be responsible for developing and maintaining private equity sponsor relationships and sourcing debt financing opportunities primarily in the healthcare sector.
Prior to joining Fifth Street, Mr. Browne spent eight years at CapitalSource Inc. where he sourced and executed on over $1 billion in committed financing representing over 65 separate transactions within the healthcare industry. Mr. Browne was also previously Senior Vice President at GE Capital's Healthcare Financial Services group (formerly known as Heller Financial) where he was responsible for the origination, underwriting and, to a lesser extent, portfolio management of leveraged healthcare loans.
Leonard M. Tannenbaum, Fifth Street's Chief Executive Officer, said, "Adding a veteran team member such as Greg Browne increases Fifth Street's commitment to making investments alongside our sponsor partners within the healthcare industry and to expanding our nationwide platform."
About Fifth Street Finance Corp.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Fifth Street Finance Corp.'s investment objective is to maximize its portfolio's total return by generating current income from its debt investments and capital appreciation from its equity investments.
The Fifth Street Finance Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5525
Forward-Looking Statements
This press release may contain certain forward-looking statements, including statements with regard to the future performance of Fifth Street Finance Corp. Words such as "believes," "expects," "projects," "anticipates," and "future" or similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions. Certain factors could cause actual results to differ materially from those projected in these forward-looking statements, and these factors are identified from time to time in our filings with the Securities and Exchange Commission. Fifth Street Finance Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Fifth Street Finance Corp. Stacey Thorne, Executive Director, Investor Relations (914) 286-6811 Stacey@fifthstreetfinance.com
