April 16, 2010 (FinancialWire) — Fifth Street Finance Corp. (NYSE: FSC) has added to the staff of its investment adviser, Fifth Street Management LLC (Fifth Street), as well as promotions within the team.

Robert Rakowski joins as an executive director within its portfolio management division; Arnold Jung joins as an associate. In addition to these new hires, we are pleased to announce the promotion of Kyde Sharp to the position of vice president and Jennifer Yang to the position of associate, both within the underwriting division.

Prior to joining Fifth Street, Rakowski was a director with the restructuring firm AlixPartners, where he was actively involved with the financial and operational restructurings of corporations across a variety of industries. Prior to AlixPartners, Rakowski was a strategy senior manager with Accenture and provided a wide range of management consulting services which included cost reductions, sales and marketing improvements, and mergers and acquisitions. Rakowski began his career with Arthur Andersen Business Consulting and Deloitte & Touche. Rakowski received his B.S. in accounting from St. Michael's College (summa cum laude) and his M.B.A. from the Amos Tuck School of Business Administration at Dartmouth College.

Jung joins Fifth Street as an associate and most recently comes from The Royal Bank of Scotland where he was a financial analyst.

Sharp is a member of Fifth Street's underwriting team and is responsible for the evaluation, structuring, documentation and management of middle market leveraged cash flow transactions.

Yang is also a member of Fifth Street's underwriting team and is involved in the evaluation and structuring of new portfolio investments for the firm.

Fifth Street Finance Corp. is a specialty finance company that lends to and invests in small and mid-sized companies in connection with investments by private equity sponsors.

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