NEW YORK, Aug. 3, 2015 (GLOBE NEWSWIRE) -- Medley Management Inc. ("Medley") (NYSE:MDLY), a leading asset manager, today announced that David Indelicato will join Medley as a Managing Director and Head of Credit Management. Mr. Indelicato will be based in New York.
Prior to joining Medley, Mr. Indelicato was a Senior Vice President at GE Antares Capital for nine years where he was a risk team leader responsible for underwriting, structuring and managing private equity sponsor-backed leveraged finance transactions. Prior to GE Antares, Mr. Indelicato was a Managing Director at CDG Group, where he focused on a broad range of financial and operational restructuring services. Mr. Indelicato began his career at PwC in business assurance and financial advisory services. He received a BBA in Accounting from the University of Notre Dame.
Brook Taube, CEO of Medley, commented, "We are excited to have David join our team. David is a seasoned investment professional with a successful track record of underwriting, structuring and restructuring credit. David will be instrumental in our efforts to continue to provide solutions to companies and private equity sponsors in the middle market."
Mr. Indelicato commented, "I am delighted to be joining Medley, and I look forward to contributing to Medley's proven credit investment franchise and providing capital solutions to the U.S. middle market."
Medley Management Inc. (NYSE:MDLY) 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. Medley has in excess of $3.9 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE:MCC) and the Sierra Income Corporation, as well as private investment vehicles(1). Over the past 13 years, we have invested in excess of $5.3 billion to help over 290 companies grow across 35 industries in North America.
Investor Relations Contact:
Sam Anderson, 212-759-0777
Medley Management Inc.
Liz Bruce, 212-498-9197
(1) Medley Management Inc. is the parent company of Medley LLC and several registered investment advisors (collectively,"Medley"). Assets under management refers to assets of our funds, which represents the sum of the net asset value of such funds, the drawn and undrawn debt (at the fund level, including amounts subject to restrictions) and uncalled committed capital (including commitments to funds that have yet to commence their investment periods). Assets under management are as of March 31, 2015.
Source:Medley Management Inc