Fifth Street Asset Management pulls IPO, citing market volatility

Fifth Street Asset Management, a credit-focused alternative asset manager with $5.6 billion in AUM, postponed its IPO on Wednesday citing market volatility.

The Greenwich, CT-based company was founded in 1998 and booked $88 million in sales for the 12 months ended June 30, 2014. Fifth Street Asset Management initially filed confidentially on 7/23/2014. Morgan Stanley, J.P. Morgan, Goldman Sachs, RBC Capital Markets and Credit Suisse acted as joint bookrunners on the deal.