Wednesday, 29 June 2016
Last updated 13 min ago
Apr 4 2011 | 12:33pm ET
Hedge funds Medley Capital and Viathon Capital have joined forces, with the former acquiring the latter for an undisclosed amount.
The deal adds Viathon's event-driven credit strategy to New York-based Medley's lineup. Viathon focuses primarily on corporate credit in North America and Europe. The firm was founded five years ago by Marathon Asset Management veteran Robert Comizio, who is now a partner and senior portfolio manager at Medley Credit Strategies.
"This transaction combines the analytical and credit strengths of two organizations," Brooke Taube, co-founder and managing partner of Medley, said of the deal, which closed Thursday. "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."
Medley has US$1.4 billion in assets under management.
At Marathon, Comizio was senior portfolio management of the Special Opportunity Fund.