NEW YORK, April 4, 2011 /PRNewswire/ -- Medley Capital LLC ("Medley") announces the acquisition of credit hedge fund manager Viathon Capital LP and related entities ("Viathon"), effective March 31, 2011.
Medley, founded in 2005 by Managing Partners Brook Taube, Seth Taube and Andrew Fentress, provides capital and advisory services to middle market corporate and asset based borrowers in North America. Medley is a registered investment adviser with $1.4 billion of assets under management in private investment funds, hedge funds and Medley Capital Corporation (NYSE: MCC), a business development company.
Viathon, founded in 2006 by Robert Comizio, invests in fundamental and event driven opportunities across the credit spectrum. Predominantly focused on companies in North America and Europe, Viathon identifies both long and short investments throughout an issuer's capital structure. Prior to founding Viathon, Mr. Comizio was a Senior Portfolio Manager at Marathon Asset Management in the Special Opportunity Fund. He began his career at Goldman Sachs after receiving an MBA from the University of Chicago and after graduating from the Wharton School at the University of Pennsylvania. Mr. Comizio will become a Partner and the Senior Portfolio Manager for Medley Credit Strategies, LLC.
"This transaction combines the analytical and credit strengths of the two organizations. As a capital solutions provider to the middle market, the addition of Rob and his team will further enhance our debt and credit focused investment process and provides broader market perspectives and opportunities to both the borrower community and to our investors," said Brook Taube, Managing Partner at Medley."Having known the Medley team for some time, I am excited about the opportunity to leverage our combined resources and to grow the firm's investment management and advisory franchise," added Robert Comizio. About Medley Capital Medley is a registered investment adviser with $1.4 billion of assets under management in private investment funds, hedge funds and Medley Capital Corporation (NYSE: MCC), a business development company. The firm specializes in credit investing, including direct private lending and corporate credit related strategies. Medley, with 35 employees, is headquartered in New York with offices in San Francisco. Medley investors include public and private pension funds, endowment funds, insurance companies, institutional investors and alternative investment managers. For more information about the firm, please visit www.medleycapital.com. SOURCE Medley Capital LLC