13G Filing: Springhouse Capital Takes Big Stake in Fifth Street Asset Management Inc. (FSAM)

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Item 1(a). Name of Issuer:

Fifth Street Asset Management Inc.

Item 1(b). Address of Issuers Principal Executive Offices:

777 West Putnam Avenue, 3rd Floor, Greenwich, Connecticut 06830

Item 2(a). Name(s) of Person(s) Filing:

1.

Springhouse Capital (Master), L.P. (the Fund)

2.

Springhouse Asset Management, Ltd. (the General Partner)

3.

Springhouse Capital Management, L.P. (Management)

4.

Springhouse Capital Management G.P., LLC (Springhouse)

5.

Brian Gaines

The Fund, the General Partner, Management, Springhouse and Mr. Gaines are
collectively referred to as the Reporting Persons.

Item 2(b). Address of Principal Business Office or, if None, Residence:

18 Burr Farms Road, Westport, Connecticut 06880

Item 2(c). Citizenship:

The Fund is
a Cayman Islands exempted limited partnership. The General Partner is a Cayman Islands exempted company. Management is a Delaware limited partnership. Springhouse is a Delaware limited liability company. Mr. Gaines is a citizen of the United
States.

Item 2(d). Title of Class of Securities:

Class A common stock, par value $0.01 per share

Item 2(e). CUSIP Number:

31679P109

Item 3. If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act, (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with §240.13d (b)(1)(ii)(G);

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