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Medalist Partners, an alternative investment management firm focused on private credit and structured credit, is pleased to announce the final closing of Medalist Partners Asset-Based Private Credit Fund III. The oversubscribed fund is closing with approximately $600 million of capital commitments, exceeding its target and nearly double the size of...
Medalist Partners, which specializes in private credit, has acquired a minority stake in Semper Capital to extend its offerings to the mass market.
As the private credit markets mature, some investors are looking to form longer-term or even permanent relationships with their fund managers, industry experts say. Low fixed-income yields, an aging population, and more experienced investors have resulted in an outgrowth of permanent, evergreen, and long-term fund structures in private credit. Private credit managers say that trend is likely to continue as the industry continues to grow. The boom in private credit markets began after the Great Financial Crisis, when banks were no longer able to use their balance sheets to lend money. “B...