Fifth Street Asset Management has appointed David A Heilbrunn as a Managing Director and member of the firm's Management Committee.
Heilbrunn will be responsible for driving growth across Fifth Street's businesses, specifically focusing on expanding its growing structured credit products platform, developing institutional client relationships and optimising the firm's various financing arrangements.
Heilbrunn joins Fifth Street with over 27 years of experience focused on institutional business development and structured credit products. Most recently, as a Managing Director of The Carlyle Group (Carlyle), Heilbrunn played a leading role in the creation of two non-traded business development companies raising over USD2.2 billion of private equity and debt capital. Additionally, while at Carlyle his team continued to manage a legacy USD1.25 billion middle market collateralised loan obligation (CLO). Prior to joining Carlyle in November 2011, Heilbrunn was a Senior Management Director and Head of Corporate Strategy at Churchill Financial, a leading commercial finance company which was sold to Carlyle. Heilbrunn's experience also includes roles at Bear, Stearns & Co, as a Senior Management Director and CLO Group Head and at JP Morgan, as a Managing Director and Group Head of its North American-focused CLO business. Heilbrunn received an MBA, with distinction, from the University of Michigan Business School and a BS in accounting, magna cum laude, from The State University of New York at Albany.
"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," says Leonard M. Tannenbaum, Chairman and Chief Executive Officer of FSAM, adding: "I look forward to having David join the Fifth Street platform to expand and grow our existing structured products offering. We expect that David will help us execute on FSAM's strategic vision of continuing to build a leading, diversified credit-focused asset manager."
"I am excited to join the Fifth Street platform and partner with an established management team with an eye towards growing and diversifying FSAM's existing product offerings," says Heilbrunn, adding, "I believe there is a significant opportunity to build upon Fifth Street's strong brand and leading sponsor-focused middle market origination platform to expand its institutional market presence both domestically and globally."