We are an alternative asset management firm offering yield solutions to retail and institutional investors. We focus on credit-related investment strategies, primarily originating senior secured loans to private middle market companies in the United States that have revenues between $50 million and $1 billion. We generally hold these loans to maturity. Our national direct origination franchise provides capital to the middle market in the U.S. For over 18 years, we have provided capital to over 400 companies across 35 industries in North America. We manage three permanent capital vehicles, two of which are Business Development Companies "BDCs", and a credit interval fund, as well as long-dated private funds and Separately Managed Accounts ("SMAs"), with a primary focus on senior secured credit. As of December 31, 2019, we had $4.1 billion of AUM in two business development companies, MCC and SIC, as well as private investment vehicles. Our compounded annual AUM growth rate from December 31, 2010 through December 31, 2019 was 17%, and our compounded annual Fee Earning AUM growth rate was 10%, which have both been driven in large part by the growth in our permanent capital vehicles. Typically the investment periods of our institutional commitments range from 18 to 24 months and we expect our Fee Earning AUM to increase as capital commitments included in AUM are invested.
Company profile
Ticker
MDLQ, MDLQQ, MDLX, MDLXQ
Employees
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Medley Management Inc. • Medley Capital LLC • MCC Advisors LLC • MOF II Management LLC • MOF III Management LLC • SIC Advisors LLC • Medley SMA Advisors LLC • MOF II GP LLC • Medley GP LLC • Medley GP Holdings LLC ...
Latest filings (excl ownership)
25-NSE
Exchange delisting
23 Jul 21
25-NSE
Exchange delisting
23 Jul 21
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
13 Jul 21
8-K
Bankruptcy or Receivership
7 Jul 21
8-K
Departure of Directors or Certain Officers
3 Jun 21
8-K
Medley LLC Receives NYSE Notice Regarding Delayed Form 10-Q Filing
1 Jun 21
8-K
Other Events
28 May 21
NT 10-Q
Notice of late quarterly filing
17 May 21
8-K
Other Events
13 May 21
10-K/A
2020 FY
Annual report (amended)
30 Apr 21
Latest ownership filings
No filings
Financial summary
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Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 3.85 mm | 3.85 mm | 3.85 mm | 3.85 mm | 3.85 mm | 3.85 mm |
Cash burn (monthly) | 657.00 k | 543.75 k | 917.67 k | 1.68 mm | 388.00 k | 250.58 k |
Cash used (since last report) | 26.12 mm | 21.62 mm | 36.48 mm | 66.87 mm | 15.43 mm | 9.96 mm |
Cash remaining | -22.27 mm | -17.77 mm | -32.63 mm | -63.02 mm | -11.57 mm | -6.11 mm |
Runway (months of cash) | -33.9 | -32.7 | -35.6 | -37.5 | -29.8 | -24.4 |