Medalist Partners, an alternative investment management firm focused on private credit and structured credit, has held a 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 its predecessor Fund II. Medalist received strong support from both new and existing investors, including pensions, endowments, foundations, consultants, family offices, and high-net-worth individuals.
Medalist launched its private credit strategy in 2015 to capitalize on growing opportunities in the asset-based lending markets. The strategy seeks to generate consistent current income with strong downside protection through lending programs secured by hard and financial assets. Collateral for loans includes commercial equipment, autos, receivables, litigation finance, consumer loans, aircraft, commercial/residential real estate and other as
