Adds Over $1 Billion of New Institutional Capital
NEW YORK, Jan. 25, 2016 (GLOBE NEWSWIRE) -- Medley Management Inc. ("Medley") (NYSE:MDLY), a leading credit asset manager, today announced that it has closed $350 million of new institutional capital commitments in its private funds and separately managed accounts since the beginning of 2016. These commitments bring the total amount of institutional capital raised since September 30, 2015 to over $1 billion and the total assets under management at Medley to over $5 billion.
Seth Taube, CEO of Medley, commented: “We are pleased to announce the additional support from existing and new institutional partners. With over $5 billion of AUM and over $1.5 billion in capital available to invest, we are well-positioned to take advantage of the current market environment. We expect continued growth in our existing footprint and will drive new product growth in 2016.”
Medley is a credit-focused 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 January 25, 2016, Medley had over $5 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE:MCC) and Sierra Income Corporation, as well as private investment vehicles. Over the past 13 years, we have invested in excess of $6 billion to help over 300 companies grow across 35 industries in North America. For additional information, please visit Medley Management Inc. at www.mdly.com.
Investor Relations Contact:
Sam Anderson, 212-759-0777
Head of Capital Markets & Risk Management
Medley Management Inc.
Liz Bruce, 212-498-9197
Medley Management Inc