Fifth Street Finance (FSC) Closes $422M of Investments in FQ113

January 3, 2013 7:11 AM EST
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Fifth Street Finance Corp. (Nasdaq: FSC) ("Fifth Street") today announced that it closed $422 million of investments during the first fiscal quarter ended December 31, 2012. Of these investments, $391 million were funded at closing. Fifth Street also received $94 million due to refinancings, partial refinancings and sales of portfolio investments during the quarter. As a result, the investment portfolio grew by $297 million, an increase of 23% to approximately $1.6 billion from the prior quarter ended September 30, 2012 fair value of $1.3 billion.

In the calendar year 2012, Fifth Street agented and syndicated $1.7 billion of deals, according to Thomson Reuters LPC League Tables. As Fifth Street expands its origination franchise and broadens its capital markets relationships, the firm continues to fortify its position as one of the top sourcing platforms within the middle market. Fifth Street is currently recruiting for a Head of Capital Markets and other experienced investment professionals to augment and further expand its outreach.

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