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Fifth Street Finance appoints Patrick Dalton as CEO

Fifth Street FinanceFifth Street Finance Corp., a specialty finance company, appointed Patrick J. Dalton as chief executive officer and elected him as a member of the board of directors, effective January 2, 2017.

Mr. Dalton is an accomplished investment management executive with over 25 years of investment and leadership experience.

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Most recently, from 2012 to 2016, Mr. Dalton was the Founder, President and Chief Executive Officer of Gordon Brothers Finance Company, a portfolio company of BlackRock Capital Corporation since October 2014.

Prior to joining GBFC, Mr. Dalton was with Apollo Global Management from 2004 to 2012 where he served as President and Chief Operating Officer of Apollo Investment Corporation from 2008 to 2012 and served as Chief Investment Officer of Apollo Investment Management from 2007 to 2012.

In addition to managing Apollo Investment Corporation, he co-founded Apollo’s CLO platform, managed one of Apollo’s first Credit Opportunity Funds and was instrumental in founding Apollo’s European credit platform in 2006.

Earlier in his career, he served as a Vice President of Goldman Sachs & Co.'s GS Mezzanine Funds and a Vice President at Chase Securities, Inc. and The Chase Manhattan Bank, N.A..

Mr. Dalton will also join Fifth Street Asset Management Inc. as Co-President, effective January 2nd, succeeding Todd Owens who will be stepping down.

Mr. Owens will continue in his roles as CEO and a member of the Board of Directors until that time to facilitate a smooth transition.

The Company also announced that Ivelin M. Dimitrov will step down from his roles as President, Chief Investment Officer and a member of the Board of Directors, effective January 2, 2017.




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