Fifth Street Asset Management, a rapidly growing asset manager that provides credit solutions to small and mid-sized businesses, announced that David A. Heilbrunn will join the company as a Managing Director and member of the Management Committee.
Heilbrunn’s appointment will take effect on May 11, 2015, AssetsNews.com reported
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 optimizing 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, Heilbrunn played a leading role in the creation of two non-traded business development companies raising over $2.2 billion of private equity and debt capital.
Additionally, while at Carlyle his team continued to manage a legacy $1.25 billion middle market collateralized 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 J.P. Morgan, as a Managing Director and Group Head of its North American-focused CLO business.
He received received an M.B.A., with distinction, from the University of Michigan Business School and a B.S. in accounting, magna cum laude, from The State University of New York at Albany. – BusinessNewsAsia.com