Medley Partners Management

Medley Partners Management served as the external manager to Medley Capital Corporation (MCC), a publicly traded business development company. MCC was later merged with Sierra Income Corporation in 2019 to form a larger combined BDC. Medley Partners acted as a sub-adviser to the surviving entity. The management company structure meant the Taubes controlled deal origination and portfolio management for both the public BDC and private funds.

Brook and Seth Taube, as co-founders, maintained control over the firm's investment committee and origination strategy. Brook Taube served as CEO and chairman of the board, while Seth Taube held board seats across the managed entities. Approval authority for all credit decisions rested with the founding partners.

Medley focused on first-lien senior secured loans, second-lien loans, and mezzanine debt to US middle-market companies. Target EBITDA ranged from $5 million to $50 million. The firm also participated in unitranche structures, which combine senior and subordinated risk in a single facility, originated through a network of private equity sponsor relationships.

Medley raised both. The firm operated a publicly listed BDC on the NYSE under the ticker MCC and previously managed private drawdown funds available to institutional limited partners. This dual structure allowed institutional investors to access middle-market credit through committed capital vehicles while the public vehicle provided permanent balance-sheet capital.

The 2019 merger with Sierra Income Corporation was structured to create a larger, more diversified BDC platform with improved scale and access to debt financing. Following the merger, the combined entity operated at approximately $2.5 billion in assets. Medley Partners continued as a sub-adviser to the combined entity under a transition arrangement, though its influence contracted relative to the pre-merger structure.