Medalist raises third fund amid an asset-based lending boom

The middle-market private credit space has dominated institutional investors’ portfolios, but Medalist Partners President and COO Michael Ardisson sees a market shift underway.

“We can pivot where we see the opportunities are,” Ardisson said in describing the firm’s strategy, which originally spun out of Credit Suisse and Candlewood Investment Group in 2018.

Now with $2 billion in AUM, Medalist is seeing increased interest in asset-backed financing as the demand for financing proliferates in such far-flung areas as railcar lending, aircraft loans, residential and commercial real estate mortgages and even consumer receivables . . .

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