Fifth Street Management LLC had a blockbuster 2013. The lender doubled deal value, took a second business development company (BDC) public, bought another lender, started a venture lending operation and an aircraft leasing operation, and expanded and added new offices.
Greenwich, Conn.-based Fifth Street increased its deal value total in 2013 to $2 billion, up from $970 million the previous year. Despite the competitive lending environment that 2013 presented, Fifth Street's deal volume increased dramatically. In 2013, the company worked on about 110 deals - 45 more transactions than in 2012.