NEW YORK, May 10, 2017 (GLOBE NEWSWIRE) -- Medley Management Inc. ("Medley") (NYSE:MDLY), an alternative asset management firm, today announced that Christopher D. Allen will join Medley as a Senior Managing Director and Head of Structured Credit. 

Mr. Allen was previously a founding partner at CVC Credit Partners, a leading global investment manager. He co-founded Apidos Capital Management in 2005, which was merged with CVC Cordatus Group to form CVC Credit Partners in 2012. At Apidos, Mr. Allen oversaw the global leveraged loan platform, business development and strategic initiatives. At CVC Credit Partners, he held a number of roles including Chief Operating Officer and Head of Structured Finance Origination.  Mr. Allen received his B.A. from Harvard University and his J.D. from the New York University School of Law.

"Chris is highly regarded for his expertise in structured credit and for his track record of building and leading successful teams," said Seth Taube, CEO of Medley. "His deep experience in structured credit will add significant value to Medley's investment capabilities as we continue to scale and strengthen our core products for investors."

"Over the years I've watched Medley develop innovative yield solutions for investors," said Mr. Allen. "Joining the team at Medley was attractive to me due to the continuing growth of the platform. I look forward to working closely with the senior leadership at Medley to expand the structured credit business line."

About Medley

Medley is an alternative asset management firm offering yield solutions to retail and institutional investors. Medley's national direct origination franchise, with over 85 people, is a premier provider of capital to the middle market in the U.S. As of December 31, 2016, Medley had in excess of $5.3 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 15 years, Medley has provided capital to over 350 companies across 35 industries in North America.

Medley LLC, the operating company of Medley Management Inc., has outstanding bonds which trade on the NYSE under the symbols (NYSE:MDLX) and (NYSE:MDLQ). Medley Capital Corporation (NYSE:MCC) has outstanding bonds which trade on the NYSE under the symbols (NYSE:MCV) and (NYSE:MCX).

Investor Relations Contact: Sam AndersonHead of Capital Markets & Risk ManagementMedley Management Inc.212.759.0777

Media Contact: Liz BruceTeneo Strategy917.733.0876