NEW YORK, Oct. 27, 2014 (GLOBE NEWSWIRE) -- Medley Management Inc. (NYSE:MDLY), a leading asset manager, announces that Howard Liao has joined the Medley team as a Managing Director and member of the Corporate Credit Group.
Howard joins Medley with over 14 years of leveraged finance, direct lending and private equity experience originating, structuring and investing in a variety of credit-oriented alternative investments. Prior to joining Medley, Howard held several positions at Lehman Brothers. He was a member of Lehman's Leveraged Finance Group, a founding principal of Lehman's Mezzanine Fund and, most recently, a Managing Director in Lehman's Private Equity Principal Investments Group managing private and syndicated debt and private equity investments for the Lehman estate.
Brook Taube, CEO of Medley, commented: "We are pleased to add Howard to our growing team at Medley. Howard's experience in leveraged finance is a welcome addition to our already strong credit team and demonstrates Medley's continued commitment to building a premier middle market lending platform."
Medley is an asset management firm offering yield solutions to retail and institutional investors. Medley's national direct origination franchise, with over 70 people, is a premier provider of capital to the middle market in the U.S. As of June 30, 2014, Medley had in excess of $3.3 billion of investable capital in business development companies, Medley Capital Corporation (NYSE:MCC) and the Sierra Income Corporation, and private investment vehicles. Over the past 12 years, we have invested in excess of $4.4 billion to help over 260 companies grow across 35 industries in North America. For additional information, please visit Medley Managements Inc. at www.mdly.com.
CONTACT: Sam Anderson, 212-759-0777Medley Management Inc