Fifth Street Finance Corp. Announces New Investment Venture With Kemper Corporation Subsidiary

Fifth Street Finance Corp. Announces New Investment Venture With Kemper
Corporation Subsidiary

WHITE PLAINS, NY, May 7, 2014 (GLOBE NEWSWIRE) -- Fifth Street Finance Corp.
(NASDAQ:FSC) ("FSC") today announced that it has formed a joint venture with
Trinity Universal Insurance Company ("Trinity"), a subsidiary of Kemper
Corporation (NYSE:KMPR) ("Kemper"), to create Senior Loan Fund JV I, LLC ("SLF
JV I"). The joint venture is expected to invest primarily in middle market and
other corporate debt securities, consistent with FSC's core origination and
underwriting strategy.

FSC and Trinity have committed to provide $100 million of subordinated notes
and equity to the joint venture, with FSC providing $87.5 million and Trinity
providing $12.5 million. In addition, SLF JV I intends to seek up to $200
million in third party financing. FSC and Trinity anticipate beginning to fund
the joint venture's portfolio with existing assets contributed from FSC.

"SLF JV I further deepens our long standing relationship with the investment
team at Kemper, demonstrates the value of our affiliation with Fifth Street's
leading middle market origination platform and expands the types of financing
solutions available to our private equity clients," stated FSC's Chief
Executive Officer, Leonard M. Tannenbaum, adding, "Growing SLF JV I should
lead to a higher return on equity and net investment income per share at FSC,
and represents another sign of progress toward implementing the strategic
initiatives we previously outlined that should lead to improving earnings."

"We have invested with Fifth Street's platform several times over our
eight-year relationship because Fifth Street is one of the more experienced
originators, underwriters and managers of middle market credits," commented
John M. Boschelli, Kemper's Chief Investment Officer, adding "We look forward
to partnering with FSC and growing this new joint venture in order to invest
in an attractively structured, high-yielding investment in which we have the
discretion to approve the underlying investments."

About Fifth Street Finance Corp.

Fifth Street Finance Corp. is a leading specialty finance company that
provides custom-tailored financing solutions to small and mid-sized companies,
primarily in connection with investments by private equity sponsors. The
company originates and invests in one-stop financings, first lien, second
lien, mezzanine debt and equity co-investments. The company'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. The company has elected to be regulated as a business development
company and is externally managed by Fifth Street Management LLC. Named both
2013 "Lender Firm of the Year" by The M&A Advisor and "Lender of the Year" by
Mergers & Acquisitions, Fifth Street Management is an SEC-registered
investment adviser and leading alternative asset manager with over $4 billion
in assets under management. With a track record of more than 15 years, Fifth
Street's nationally recognized platform has the ability to hold loans up to
$150 million, commit up to $250 million and structure and syndicate
transactions up to $500 million. FSC's website can be found at
fsc.fifthstreetfinance.com.

About Kemper Corporation

Kemper Corporation, with $8 billion in assets, is one of the nation's leading
insurers. The Kemper family of companies specializes in property and casualty
insurance and life and health insurance for individuals, families and small
businesses. Kemper employs 6,000 associates who are dedicated to providing
first-rate service to its customers.Servicing six million policies, Kemper's
businesses collectively are represented by 20,000 independent agencies which
sell insurance in 47 states and the District of Columbia.

Forward-Looking Statements

This press release may contain certain forward-looking statements, including
statements with regard to the future performance of the company.Words such as
"believes," "expects," "estimates," "projects," "anticipates," "should," and
"future" or similar expressions are intended to identify forward-looking
statements.These forward-looking statements are subject to the inherent
uncertainties in predicting future results and conditions.Certain factors
could cause actual results to differ materially from those projected in these
forward-looking statements, and these factors are identified from time to time
in the company's filings with the Securities and Exchange Commission.Neither
company undertakes any obligation to publicly update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

CONTACT: Investor Contact:
         Dean Choksi, Executive Director of
         Finance & Head of Investor Relations
         Fifth Street Finance Corp.
         (914) 286-6855
         dchoksi@fifthstreetfinance.com
        
         Media Contact:
         Nick Rust
         Prosek Partners
         (212) 279-3115 ext. 252
         pro-fifthstreet@prosek.com

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