Fifth Street Management LLC Announces Departure of Head of Investor Relations

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| Source: Fifth Street Management LLC

GREENWICH, CT, Aug. 20, 2014 (GLOBE NEWSWIRE) -- Fifth Street Management LLC ("Fifth Street") today announced that Dean Choksi, Head of Investor Relations has departed Fifth Street. We thank him for his contributions during his tenure and wish him success in his future endeavors. Going forward, investor relations inquiries should be directed to Robyn Friedman, Vice President, Investor Relations at (203) 681-3720 or ir@fifthstreetfinance.com.

About Fifth Street Management LLC

With $5 billion in assets under management, Fifth Street Management LLC is a leading alternative asset manager with a core focus on credit strategies. The firm manages a number of private funds and is the SEC-registered investment adviser of two publicly-traded business development companies, Fifth Street Finance Corp. (NASDAQ:FSC) and Fifth Street Senior Floating Rate Corp. (NASDAQ:FSFR). With a track record of more than 16 years and offices across the country, Fifth Street's nationally recognized platform provides custom-tailored financing solutions to mid-sized companies, primarily in connection with investments by private equity sponsors. Principally in the form of one-stop financings, first lien, second lien, mezzanine debt and equity co-investments, the Fifth Street platform has the ability to hold loans up to $150 million, commit up to $250 million and structure and syndicate transactions up to $500 million. Fifth Street Management received the 2014 ACG New York Champion's Award for "Senior Lender Firm of the Year" and was named both 2013 "Lender Firm of the Year" by The M&A Advisor and "Lender of the Year" by Mergers & Acquisitions. Fifth Street's website can be found at fifthstreetfinance.com.

Forward-Looking Statements

This press release may contain certain forward-looking statements, including statements with regard to the future performance(s) of Fifth Street Finance Corp. ("FSC") and/or Fifth Street Senior Floating Rate Corp. ("FSFR"). Words such as "believes," "expects," "estimates," "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 FSC's and/or FSFR's filings with the Securities and Exchange Commission. Neither FSC nor FSFR undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Investor Contact:
Robyn Friedman, Vice President, Investor Relations
(203) 681-3720


Media Contact:
Nick Rust
Prosek Partners
(212) 279-3115 ext. 252