Fifth Street announces David Heilbrunn as managing director

By Tali Rackner

Norfolk, Va., May 7 – Fifth Street Asset Management announced that effective May 11, David A. Heilbrunn will join the firm as a managing director and member of the its management committee, according to a press release.

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 various financing arrangements.

“David's knowledge about the middle-market lending space, combined with his institutional relationships and structured products experience, make him a natural fit for the position,” chairman and chief executive officer Leonard M. Tannenbaum said in the release.

Heilbrunn joins Fifth Street with more than 27 years of experience focused on institutional business development and structured credit products. Most recently, he was a managing director of the Carlyle Group and was a senior management director and head of corporate strategy at Churchill Financial before that. 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.

Fifth Street Asset Management is an alternative asset manager based in Greenwich, Conn. It conducts all of its operations through Fifth Street Management LLC and FSCO GP LLC, subsidiaries of Fifth Street Holdings.

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