On November 30, 2016, Fifth Street Asset Management Inc. announced Todd G. Owens will step down from his role as Co-President of the company, effective as of January 2, 2017. On November 30, 2016, the company also announced Patrick J. Dalton will become Co-President of the company, effective as of January 2, 2017. Mr. Dalton, has over 20 years of credit and investment experience. Mr. Dalton joins the company from Gordon Brothers Finance Company, where he served as the President, Chief Executive Officer, Chair of the Investment Committee and member of the board of directors from September 2012 to February 2016. Prior to that role, he served as President and Chief Operating Officer at Apollo Investment Corporation from November 2008 to February 2012; Chief Investment Officer and Portfolio Manager at Apollo Investment Management, L.P. from 2007 to 2012; and a partner at Apollo Investment Management, L.P. from 2004 to 2012.