Medalist Partners Acquires Majority Stake in JMP Credit Advisors

March 28, 2019

On March 20, 2019, Medalist Partners, LP announced that it had acquired a majority stake in JMP Credit Advisors LLC.

Pursuant to the agreement, Medalist Partners, LP (“Medalist”) acquired a majority interest of JMP Credit Advisors LLC (“JMP Credit Advisors”) from a subsidiary of JMP Group LLC (NYSE: JMP). In addition, JMP Credit Advisors has been renamed Medalist Partners Corporate Finance LLC, which will continue to manage approximately $1.2 billion in assets through three collateralized loan obligations (“CLOs”) with no anticipated changes to JMP Credit Advisors’ investment strategy or process. JMP Credit Advisors’ existing leadership team, including Bryan Hamm, Craig Kitchin and Fred Passenant, supported by their existing team, will lead the CLO business unit of Medalist. Further terms of the deal were not disclosed.

JMP Credit Advisors is an investment manager with expertise in managing CLOs.

Medalist is a New York-based alternative investment manager with approximately $2.25 billion in assets under management. It specializes in structured credit and asset-backed lending, including liquid alternatives, private debt vehicles, hedge funds and CLOs.


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Investment Manager M&A, Transactions