Lowenstein Sandler represented Medalist Partners, LP, an alternative asset management firm specializing in structured credit and asset-backed lending, in the company’s acquisition of a majority stake in JMP Credit Advisors LLC, a U.S.-based investment manager with expertise in managing collateralized loan obligations.
As a result of the transaction, JMP Credit Advisors has been renamed Medalist Partners Corporate Finance LLC, and it will continue to manage three CLOs with approximately $1.2 billion in assets under management.
Medalist Partners is an alternative investment manager with approximately $2.25 billion in AUM across strategies in structured credit and asset finance. The platform includes liquid alternatives, hedge funds, private debt vehicles, and CLOs.
The addition of the CLO business is a natural extension of Medalist’s existing structured credit and private credit investment platform and offers increased market access and investment sourcing capabilities across the leveraged loan market.
Lowenstein Sandler served as legal counsel for Medalist Partners on the transaction.