Fifth Street Hires Carlyle's Heilbrunn For Structured Credit Role

May 7 2015 | 1:21pm ET

Fifth Street Asset Management has hired David Heilbrunn as a managing director and member of its management committee, effective May 11.

Heilbrunn will be responsible for driving growth across the company’s business lines, specifically focusing on expanding Fifth Street’s growing structured credit platform, according to a press release.

He will also be tasked with developing institutional client relationships and optimizing the firm’s various financing arrangements, the release said.

Heilbrunn joins Fifth Street from Carlyle Group, where he was a managing director and played a leading role in the creation of two non-traded business development companies that raised over $2.2 billion of private equity and debt capital. While at Carlyle, Heilbrunn and his team also managed a legacy $1.25 billion middle market CLO. 

Before joining Carlyle in November 2011, Heilbrunn was a senior managing director and head of corporate strategy for Churchill Financial, a leading commercial finance company which was sold to Carlyle, and he has held roles at Bear Stearns and J.P. Morgan. 

“David’s knowledge about the middle market lending space, combined with his institutional relationships and structured products experience, make him a natural fit for the position,” commented Leonard Tannenbaum, chairman and CEO of Fifth Street Asset Management. 

Greenwich, CT-based Fifth Street Asset Management is a publicly traded credit-focused asset manager. It managed more than $6 billion in assets across two publicly traded business development companies, Fifth Street Finance Corporation and Fifth Street Senior Floating Rate Corporation, as well as multiple private investment vehicles.

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