Medley Capital has acquired credit hedge fund manager Viathon Capital LP effective March 31, 2011. Medley, a registered investment adviser with USD1.4 billion of assets under management in private investment funds, hedge funds and Medley Capital Corporation (NYSE: MCC), provides capital and advisory services to middle market corporate and asset based borrowers in North America.
Viathon, founded in 2006 by Robert Comizio, invests in fundamental and event driven opportunities across the credit spectrum. Predominantly focused on companies in North America and Europe, Viathon identifies both long and short investments throughout an issuer’s capital structure. Prior to founding Viathon, Comizio was a Senior Portfolio Manager at Marathon Asset Management in the Special Opportunity Fund. He began his career at Goldman Sachs after receiving an MBA from the University of Chicago and after graduating from the Wharton School at the University of Pennsylvania. Comizio will become a partner and the senior portfolio manager for Medley Credit Strategies, LLC.
"This transaction combines the analytical and credit strengths of the two organisations," says Medley managing partner and co-founder, Brook Taube. "As a capital solutions provider to the middle market, the addition of Rob and his team will further enhance our debt and credit focused investment process and provides broader market perspectives and opportunities to both the borrower community and to our investors."
