Fifth Street Management LLC Receives 2014 ACG New York Champion's Award for "Senior Lender Firm of the Year"

Fifth Street Management LLC Receives 2014 ACG New York Champion's Award for
"Senior Lender Firm of the Year"

GREENWICH, CT, June 26, 2014 (GLOBE NEWSWIRE) -- Fifth Street Management LLC
("Fifth Street") today announced that it has been named "Senior Lender Firm of
the Year" at the 4th Annual ACG New York Champion's Awards. The event, which
took place at the Metropolitan Club in New York, NY on June 19, was a
collaboration between the ACG (Association for Corporate Growth) New York
chapter and The M&A Advisor, designed to recognize outstanding firms, deals
and dealmakers in the middle market mergers and acquisitions (M&A) industry.

"We are thrilled to accept this accolade, particularly in light of the
finalists," said James Velgot, Fifth Street's Chief Marketing Officer, adding,
"To be chosen as 'Senior Lender Firm of the Year' from among East West Bank,
Golub Capital and Salus Capital Partners is a great honor, underscoring Fifth
Street's position as a leading alternative asset manager and the strength of
our senior financing solutions."

Due to the strong demand for the firm's senior debt products, Fifth Street
continues to expand its array of investment vehicles focused on senior secured
middle market loans in order to better support its clients. Fifth Street's
affiliate, Fifth Street Senior Floating Rate Corp. (Nasdaq:FSFR), is
approaching its one-year anniversary as a public company with a high-quality
portfolio of 100% senior secured floating rate loans and is structuring a
strategic partnership with GF Funding 2014, an entity controlled by the Glick
family, to establish a joint venture to co-invest in this asset class.This
entity should be similar to the recently closed joint venture between another
Fifth Street affiliate, Fifth Street Finance Corp. (Nasdaq:FSC) ("FSC"), and
Trinity Universal Insurance Company, a subsidiary of Kemper Corporation. FSC
is also in active discussions with several other third parties about
additional partnerships.

"We celebrate outstanding individuals, firms and transactions that have helped
drive America's middle market," said Martin Okner, President of ACG New York,
adding that, "In so doing, we also recognize middle market private capital's
important contribution to our national well-being. The middle market accounts
for over 43 million U.S. jobs and 33% of U.S. GDP."

"Fifth Street was chosen from over 350 nominating companies to receive the
award. It gives us great pleasure to recognize Fifth Street and bestow upon
them one of our highest honors for M&A firms and professionals," said David
Fergusson, President of The M&A Advisor, adding, "Fifth Street represents the
best of the M&A industry in 2014 and earned this honor by standing out in a
group of very impressive finalists."

An independent body of experts representing a cross-section of the middle
market industry selected the winners from among finalists. Fifth Street was
also recently named both 2013 "Lender Firm of the Year" by The M&A Advisor and
"Lender of the Year" by Mergers & Acquisitions.

About Fifth Street Management LLC

With over $4 billion in assets under management, Fifth Street Management LLC
is a leading alternative asset manager with a core focus on credit
strategies.The firm manages a number of private funds and is the
SEC-registered investment adviser of two publicly-traded business development
companies, Fifth Street Finance Corp. (NASDAQ:FSC) and Fifth Street Senior
Floating Rate Corp. (NASDAQ:FSFR).With a track record of more than 16 years
and offices across the country, Fifth Street's nationally recognized platform
provides custom-tailored financing solutions to small and mid-sized companies,
primarily in connection with investments by private equity
sponsors.Principally in the form of one-stop financings, first lien, second
lien, mezzanine debt and equity co-investments, the Fifth Street 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.Fifth Street's
website can be found at fifthstreetfinance.com.

About The M&A Advisor

The M&A Advisor was founded in 1998 to offer insights and intelligence on M&A
activities. Over the past 16 years, the firm has established the premier
global network of M&A, turnaround and finance professionals.Today, it has the
privilege of presenting, recognizing the achievements of, and facilitating
connections between the industry's top performers throughout the world with a
comprehensive range of services.

About ACG NEW YORK

ACG® New York, Inc., the founding chapter of The Association for Corporate
Growth, is the leading membership organization in New York that facilitates
relationship building and focused education for middle market deal-making
professionals.

Each year over 8,000 professionals participate in ACG New York's 70+
networking and educational events in New York City and Westchester and on Long
Island, including healthcare, manufacturing & logistics and retail
conferences.ACG DealSource® and ACG Capital Connection® events put buyers
together with funding sources in scheduled private meetings and bring M&A
specialists together for open networking.

The organization's annual Champion's Awards recognize the year's outstanding
middle market firms and deals, while its Education Cup competition honors the
best graduate business school team from the New York City area for M&A
counseling prowess.These and other programs have spurred ACG New York's rapid
growth in recent years, with membership now exceeding 1,000.This year ACG New
York is celebrating the 60th anniversary of its founding by Peter Hilton.

Forward-Looking Statements

This press release may contain certain forward-looking statements, including
statements with regard to the future performance(s) of Fifth Street Finance
Corp. ("FSC") and/or Fifth Street Senior Floating Rate Corp. ("FSFR").Words
such as "believes," "expects," "estimates," "projects," "anticipates," 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 FSC's and/or FSFR's filings with the Securities and Exchange Commission.
Neither FSC nor FSFR undertake 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
         (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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