Finance company expands

White Plains-based Fifth Street Finance Corp., a specialty company providing financing for small and mid-sized businesses, is growing both in office space and staff.

The company, which recently raised approximately $88 million in gross proceeds through a successful equity offering, moved from its offices at 445 Hamilton Ave. in White Plains to 10 Bank St. on Aug. 28.
The firm recently added two new team members and is continuing to look to hire additional staff.

 

According to CEO Leonard Tannenbaum, Fifth Street is the only business development company to go public and raise capital in a follow-on offering in the 2008-2009 time frame.

The company”™s earnings report for last quarter also showed that the net investment income was at $7.9 million, up from net investment income of $5.1 million last year.