Leonard M.  Tannenbaum net worth and biography

Leonard Tannenbaum Biography and Net Worth

Major Shareholder of Oaktree Specialty Lending

Leonard Tannenbaum is the chairman and CEO of Fifth Street Asset Management, an investment firm he founded in 1998. 

Tannenbaum is a serial entrepreneur and businessman who has founded five companies, including LMT Investments Pty Ltd, the aforementioned Fifth Street Asset Management, AFC Gamma, and Fifth Street Management, LLC. Additionally, he’s served at the helm of eight different companies. 

In 1994, Tannenbaum joined the Merrill Lynch team and subsequently rose through the ranks to assistant vice president, leaving in 1997 to work at a small hedge fund. After marrying Elizabeth Toll in May of that same year, Tannenbaum convinced his new father-in-law to go into business with him. In 1998, the two founded Fifth Street Asset Management—Toll keeping 90 percent of the profits compared to Tannenbaum’s 10 percent.

Early on, Fifth Street made large profits, but over time Toll and Tannebaum’s investments began to sour. After some sizable losses, the fund stopped making investments in 2004. The next year, Tannebaum launched his second fund, Fifth Street Mezzanine Partners II which reached $157 million in value. 

In 2007, he launched a third fund which he turned into a business development company (BDC), Fifth Street Finance Corp., and took public in the midst of the 2008 financial crisis. It was one of just a handful of financial firms to go public that year, but Tannebaum’s risk paid off. The company emerged flush with cash on the other side of the crisis and became one of the fastest-growing BDCs in the country.

During this time, however, Tannebaum’s relationship with the Tolls began to deteriorate, and he divorced Elizabeth in 2010. His former father-in-law then sued him, alleging that he did not pay Elizabeth her owed profits from the management of Fifth Street’s latest fund. 

In 2017, Fifth Street was sold to Oaktree Asset Management. By 2020, Tannebaum was on to a new venture, founding Advanced Flower Capital (AFC), and in March 2021 he took mortgage REIT AFC Gamma public. The company is an industry-leading lender in the cannabis space secured by cash flows, licenses, and real estate. 

Tannebaum has served on the boards of numerous companies, including Einstein Noah Restaurant Group, WesTower Communications, and Assisted Living Concepts.

He is also a supporter of Kids in Crisis, United Way, the American Red Cross, and the Robin Hood Foundation.

What is Leonard M. Tannenbaum's net worth?

The estimated net worth of Leonard M. Tannenbaum is at least $71.44 million as of May 15th, 2023. Mr. Tannenbaum owns 3,633,527 shares of Oaktree Specialty Lending stock worth more than $71,435,141 as of March 29th. This net worth approximation does not reflect any other assets that Mr. Tannenbaum may own. Learn More about Leonard M. Tannenbaum's net worth.

How do I contact Leonard M. Tannenbaum?

The corporate mailing address for Mr. Tannenbaum and other Oaktree Specialty Lending executives is 333 SOUTH GRAND AVENUE 28TH FLOOR, LOS ANGELES CA, 90071. Oaktree Specialty Lending can also be reached via phone at (213) 830-6300 and via email at [email protected]. Learn More on Leonard M. Tannenbaum's contact information.

Has Leonard M. Tannenbaum been buying or selling shares of Oaktree Specialty Lending?

Leonard M. Tannenbaum has not been actively trading shares of Oaktree Specialty Lending during the last ninety days. Most recently, Leonard M. Tannenbaum sold 66,666 shares of the business's stock in a transaction on Wednesday, December 29th. The shares were sold at an average price of $22.56, for a transaction totalling $1,503,984.96. Learn More on Leonard M. Tannenbaum's trading history.

Are insiders buying or selling shares of Oaktree Specialty Lending?

In the last year, Oaktree Specialty Lending insiders bought shares 1 times. They purchased a total of 2,000 shares worth more than $40,140.00. The most recent insider tranaction occured on February, 12th when Director Phyllis R Caldwell bought 2,000 shares worth more than $40,140.00. Insiders at Oaktree Specialty Lending own 0.3% of the company. Learn More about insider trades at Oaktree Specialty Lending.

Information on this page was last updated on 2/12/2024.

Leonard M. Tannenbaum Insider Trading History at Oaktree Specialty Lending

Transaction DateBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
12/29/2021Sell66,666$22.56$1,503,984.96View SEC Filing Icon  
12/27/2021Sell66,666$22.62$1,507,984.92View SEC Filing Icon  
12/23/2021Sell66,666$22.53$1,501,984.98View SEC Filing Icon  
12/13/2021Sell11,366$22.65$257,439.90View SEC Filing Icon  
12/6/2021Sell33$22.50$742.50View SEC Filing Icon  
12/2/2021Sell1,666$22.50$37,485.00View SEC Filing Icon  
11/16/2021Sell5,776$22.35$129,093.60View SEC Filing Icon  
11/10/2021Sell16,057$22.50$361,282.50View SEC Filing Icon  
11/8/2021Sell33,333$22.53$750,992.49View SEC Filing Icon  
9/20/2021Sell1,404,789$21.30$29,922,005.70View SEC Filing Icon  
6/1/2021Sell33,333$20.34$677,993.227,065,110View SEC Filing Icon  
5/27/2021Sell27,095$20.13$545,422.357,065,110View SEC Filing Icon  
5/24/2021Sell549$20.10$11,034.907,097,388View SEC Filing Icon  
5/21/2021Sell12,733$20.10$255,933.307,097,388View SEC Filing Icon  
5/5/2021Sell33,333$20.16$671,993.287,110,121View SEC Filing Icon  
4/29/2021Sell129,394$20.25$2,620,228.507,208,139View SEC Filing Icon  
4/26/2021Sell33,333$20.07$668,993.317,339,515View SEC Filing Icon  
4/23/2021Sell33,333$20.04$667,993.327,339,515View SEC Filing Icon  
4/21/2021Sell5,219$20.10$104,901.907,381,831View SEC Filing Icon  
4/19/2021Sell33,333$19.98$665,993.347,381,831View SEC Filing Icon  
4/16/2021Sell40,000$19.86$794,400.007,456,098View SEC Filing Icon  
4/14/2021Sell17,333$19.80$343,193.407,456,098View SEC Filing Icon  
4/12/2021Sell66,666$19.83$1,321,986.787,540,098View SEC Filing Icon  
4/9/2021Sell57,437$19.83$1,138,975.717,540,098View SEC Filing Icon  
4/7/2021Sell43,290$19.41$840,258.90
4/5/2021Sell33,333$18.93$630,993.697,674,159View SEC Filing Icon  
4/1/2021Sell33,333$18.75$624,993.757,674,159View SEC Filing Icon  
3/22/2021Sell1,500$18.75$28,125.007,710,457View SEC Filing Icon  
3/18/2021Sell33$18.75$618.755,031,091View SEC Filing Icon  
3/15/2021Sell33,333$18.87$628,993.715,090,141View SEC Filing Icon  
3/11/2021Sell33,333$18.78$625,993.745,179,278View SEC Filing Icon  
3/9/2021Sell6,199$18.78$116,417.225,179,278View SEC Filing Icon  
3/4/2021Sell32,662$18.72$611,432.64
3/1/2021Sell21,259$18.63$396,055.175,249,899View SEC Filing Icon  
2/26/2021Sell10,500$18.48$194,040.005,249,899View SEC Filing Icon  
2/24/2021Sell33,333$18.45$614,993.855,284,933View SEC Filing Icon  
2/22/2021Sell33,333$18.42$613,993.865,336,532View SEC Filing Icon  
2/19/2021Sell24,200$18.33$443,586.005,336,532View SEC Filing Icon  
12/17/2020Sell30,224$16.50$498,696.00
12/15/2020Sell26,233$16.53$433,631.495,412,223View SEC Filing Icon  
12/10/2020Sell833$16.80$13,994.405,417,323View SEC Filing Icon  
12/7/2020Sell5,307$16.80$89,157.605,453,596View SEC Filing Icon  
12/4/2020Sell14,401$16.80$241,936.805,453,596View SEC Filing Icon  
12/2/2020Sell11,733$16.80$197,114.405,471,290View SEC Filing Icon  
11/30/2020Sell57,720$16.74$966,232.805,496,608View SEC Filing Icon  
11/24/2020Sell56,553$16.44$929,731.325,616,982View SEC Filing Icon  
11/18/2020Sell36,018$15.75$567,283.505,792,751View SEC Filing Icon  
11/16/2020Sell42,233$15.69$662,635.775,845,118View SEC Filing Icon  
8/11/2020Sell1,366$15.60$21,309.605,887,352View SEC Filing Icon  
1/10/2020Sell12,279$16.41$201,498.395,055,619View SEC Filing Icon  
1/8/2020Sell25,666$16.44$421,949.045,055,619View SEC Filing Icon  
1/6/2020Sell16,565$16.38$271,334.705,055,619View SEC Filing Icon  
1/2/2020Sell31,426$16.38$514,757.885,055,619View SEC Filing Icon  
12/18/2019Sell45,100$16.38$738,738.005,055,619View SEC Filing Icon  
12/16/2019Sell32,335$15.99$517,036.655,055,619View SEC Filing Icon  
12/12/2019Sell14,300$15.75$225,225.005,055,619View SEC Filing Icon  
12/2/2019Sell200$15.90$3,180.005,055,619View SEC Filing Icon  
11/21/2019Sell53,666$15.75$845,239.505,055,619View SEC Filing Icon  
11/19/2019Sell66,166$15.66$1,036,159.565,055,619View SEC Filing Icon  
11/14/2019Sell20,766$15.87$329,556.425,055,619View SEC Filing Icon  
11/12/2019Sell15,134$15.78$238,814.525,055,619View SEC Filing Icon  
9/17/2019Sell7,575$15.78$119,533.50
7/8/2019Sell19,761$16.29$321,906.69View SEC Filing Icon  
7/3/2019Sell12,988$16.35$212,353.80View SEC Filing Icon  
7/1/2019Sell18,476$16.23$299,865.48View SEC Filing Icon  
6/27/2019Sell17,368$16.20$281,361.60View SEC Filing Icon  
6/24/2019Sell23,417$16.26$380,760.42View SEC Filing Icon  
6/20/2019Sell19,785$16.20$320,517.00View SEC Filing Icon  
6/18/2019Sell19,278$16.35$315,195.30View SEC Filing Icon  
6/14/2019Sell32,677$16.29$532,308.33View SEC Filing Icon  
5/23/2019Sell21,690$16.65$361,138.50View SEC Filing Icon  
5/21/2019Sell16,233$16.92$274,662.36View SEC Filing Icon  
5/17/2019Sell59,648$17.04$1,016,401.92View SEC Filing Icon  
5/15/2019Sell42,245$16.53$698,309.85View SEC Filing Icon  
5/13/2019Sell49,900$16.44$820,356.00View SEC Filing Icon  
5/9/2019Sell121,633$16.35$1,988,699.55View SEC Filing Icon  
4/10/2019Sell33,700$15.90$535,830.00View SEC Filing Icon  
4/8/2019Sell8,760$15.90$139,284.00View SEC Filing Icon  
2/15/2019Sell51,087$15.78$806,152.86View SEC Filing Icon  
2/13/2019Sell27,940$15.78$440,893.20View SEC Filing Icon  
2/11/2019Sell30,556$15.75$481,257.00View SEC Filing Icon  
8/27/2018Sell18,058$15.18$274,120.44View SEC Filing Icon  
8/24/2018Sell34,354$15.15$520,463.10View SEC Filing Icon  
8/20/2018Sell24,300$15.00$364,500.00View SEC Filing Icon  
8/16/2018Sell38,666$15.00$579,990.00View SEC Filing Icon  
6/5/2018Sell13,709$15.00$205,635.00View SEC Filing Icon  
5/30/2018Sell15,700$15.00$235,500.00View SEC Filing Icon  
5/25/2018Sell4,974$15.00$74,610.00View SEC Filing Icon  
5/22/2018Sell41,289$15.00$619,335.00View SEC Filing Icon  
10/19/2017Sell469,868$16.68$7,837,398.24View SEC Filing Icon  
3/29/2017Buy122,691$14.22$1,744,666.025,170,938View SEC Filing Icon  
3/27/2017Buy218,616$14.01$3,062,810.16View SEC Filing Icon  
3/22/2017Buy159,161$13.92$2,215,521.124,992,290View SEC Filing Icon  
3/20/2017Buy115,000$13.86$1,593,900.004,864,753View SEC Filing Icon  
3/17/2017Buy56,666$13.77$780,290.824,864,753View SEC Filing Icon  
3/15/2017Buy424,333$13.53$5,741,225.494,808,086View SEC Filing Icon  
3/14/2017Buy177,656$13.53$2,403,685.684,281,589View SEC Filing Icon  
3/10/2017Buy198,246$13.23$2,622,794.584,092,906View SEC Filing Icon  
12/23/2016Sell300$16.65$4,995.004,024,517View SEC Filing Icon  
12/21/2016Sell3,535$16.65$58,857.754,026,343View SEC Filing Icon  
12/13/2016Sell26,928$16.74$450,774.724,043,879View SEC Filing Icon  
12/9/2016Sell50,000$16.68$834,000.004,055,280View SEC Filing Icon  
2/11/2015Buy373,950$20.82$7,785,639.00View SEC Filing Icon  
6/20/2013Buy6,666$29.82$198,780.12View SEC Filing Icon  
5/29/2013Buy8,333$31.11$259,239.63View SEC Filing Icon  
2/13/2013Buy5,000$32.58$162,900.00View SEC Filing Icon  
12/4/2012Buy3,333$31.29$104,289.57View SEC Filing Icon  
8/28/2012Buy3,333$31.44$104,789.52View SEC Filing Icon  
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Leonard M. Tannenbaum Buying and Selling Activity at Oaktree Specialty Lending

This chart shows Leonard M Tannenbaum's buying and selling at Oaktree Specialty Lending by year and by quarter.

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Oaktree Specialty Lending Company Overview

Oaktree Specialty Lending logo
Oaktree Specialty Lending Corporation is a business development company. The fund specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loan, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies. It seeks to invest in education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering. The firm also seeks investment in media, advertising sectors, software, IT services, pharmaceuticals, biotechnology, real estate management and development, chemicals, machinery, and internet and direct marketing retail sectors. It invests between $5 million to $75 million principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies. The firm invest in companies having enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million. The fund has a hold size of up to $75 million and may underwrite transactions up to $100 million. It primarily invests in North America. The fund seeks to be a lead investor in its portfolio companies.
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Today's Range

Now: $19.66
Low: $19.44
High: $19.68

50 Day Range

MA: $20.00
Low: $19.03
High: $21.54

2 Week Range

Now: $19.66
Low: $17.99
High: $21.64

Volume

769,786 shs

Average Volume

600,478 shs

Market Capitalization

$1.55 billion

P/E Ratio

13.02

Dividend Yield

11.28%

Beta

1.06