NEW YORK, March 25, 2015 (GLOBE NEWSWIRE) -- Medley Management Inc. ("Medley") (NYSE:MDLY), a leading asset manager, announced today that Mark Smith has joined the Medley team as Managing Director in its Institutional Fundraising Group. Based in New York, Mr. Smith will cover institutional investors for Medley's private funds and separately managed accounts and will also be involved in product development.
Mr. Smith joins Medley with over 25 years of institutional fundraising experience. Prior to joining Medley, Mr. Smith was a Managing Director and head of North America institutional marketing with CIFC Asset Management. Prior to CIFC, Mr. Smith worked in various capital markets and corporate finance positions for Citibank, Bankers Trust and The GreensLedge Group.
Brook Taube, CEO of Medley, commented, "Mark brings long term institutional relationships and is a welcome addition to our already strong fundraising team. We continue to strengthen our institutional distribution platform in order to provide value added investing solutions to our institutional partners."
Mr. Smith commented, "I am very pleased to be joining Medley at such an exciting time. Medley's commitment to middle market credit is unparalleled and I look forward to helping them grow their already broad institutional investor base."
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 September 30, 2014, Medley had in excess of $3.6 billion of investable capital in business development companies, Medley Capital Corporation (NYSE:MCC) and Sierra Income Corporation, and private investment vehicles. Over the past 12 years, we have invested in excess of $5.1 billion to help over 285 companies grow across 35 industries in North America. For additional information, please visit Medley Management Inc. at www.mdly.com.
Contact: Sam Anderson, 212-759-0777
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