Gregory Browne has joined Fifth Street Finance Corp. as a managing director in the firm’s Chicago office. Previously, Browne worked for CapitalSource Inc., and earlier in his career at GE Capital’s Healthcare Financial Services group. In his new role, Brown will be responsible for developing and maintaining private equity sponsor relationships and sourcing debt financing primarily in the healthcare sector, the firm said in a statement. Fifth Street is based in White Plains, New York.
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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