NEW YORK, May 27, 2015 (GLOBE NEWSWIRE) -- Medley Management Inc. ("Medley") (NYSE:MDLY), a leading asset manager, announced today that James Frank will join the Medley team as Senior Managing Director and member of the Investing Team. Mr. Frank will focus on creating a special situations platform and will be based in New York.
Mr. Frank joins Medley with over 15 years of private equity and special situation investing experience. Prior to joining Medley, Mr. Frank was a Partner at The Yucaipa Companies, where he focused on private equity and special situations. Before Yucaipa, Mr. Frank worked for Apollo Global Management, where he specialized in private equity and distressed debt investments. Mr. Frank began his career in investment banking at Donaldson, Lufkin & Jenrette. He received a bachelor's degree from Williams College and an MBA from Columbia Business School.
Brook Taube, CEO of Medley, commented, "We are excited to add James to the team. James is a seasoned investment professional with a successful track record investing in both debt and equity. James will add to the depth and breadth of our team as we continue to provide solutions to companies and private equity sponsors in the middle market."
Mr. Frank commented, "I am delighted to be joining Medley, and I look forward to being part of a high quality credit asset management platform that is focused on providing solutions to the middle market in the U.S."
Medley is an asset management firm offering yield solutions to retail and institutional investors. Medley's national direct origination franchise, with over 80 people, is a premier provider of capital to the middle market in the U.S. As of March 31, 2015, Medley had in excess of $3.9 billion of investable capital in business development companies, Medley Capital Corporation (NYSE:MCC) and Sierra Income Corporation, and private investment vehicles. Over the past 13 years, we have invested in excess of $5.3 billion to help over 290 companies grow across 35 industries in North America. For additional information, please visit Medley Management Inc. at www.mdly.com.
Contact: Medley Management Inc
Sam Anderson, 212-759-0777
Medley Management Inc.