Fifth Street Finance, a White Plains, N.Y.-based specialty finance company, has hired Gregory Browne as a managing director in its Chicago office, where he will cultivate and manage PE sponsor relationships and source debt financing opportunities in healthcare. Browne last worked at CapitalSource; he was also previously a senior VP at GE Capital’s Healthcare FInancial Services group.
Fifth Street Finance Corp. (NYSE:FSC) (“Fifth Street”) today announced that Gregory Browne has joined the firm as a Managing Director. Mr. Browne has more than 20 years of leveraged lending experience, primarily to the middle market private equity community. Mr. Browne will be based in Fifth Street’s Chicago office and will be responsible for developing and maintaining private equity sponsor relationships and sourcing debt financing opportunities primarily in the healthcare sector.
Prior to joining Fifth Street, Mr. Browne spent eight years at CapitalSource Inc. where he sourced and executed on over $1 billion in committed financing representing over 65 separate transactions within the healthcare industry. Mr. Browne was also previously Senior Vice President at GE Capital’s Healthcare Financial Services group (formerly known as Heller Financial) where he was responsible for the origination, underwriting and, to a lesser extent, portfolio management of leveraged healthcare loans.
Leonard M. Tannenbaum, Fifth Street’s Chief Executive Officer, said, “Adding a veteran team member such as Greg Browne increases Fifth Street’s commitment to making investments alongside our sponsor partners within the healthcare industry and to expanding our nationwide platform.”
About Fifth Street Finance Corp.
Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies, primarily in connection with investments by private equity sponsors. Fifth Street Finance Corp.’s investment objective is to maximize its portfolio’s total return by generating current income from its debt investments and capital appreciation from its equity investments.
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