Asset manager Medley Management announced that Kunal Soni, managing director, has been promoted to head of Direct Lending in the Western region.

Soni plays a key role in developing the firm’s relationships with private equity firms, investment banks, and corporate borrowers. Soni brings 16 years of experience to Medley.

Prior to joining Medley, Soni was a managing director of THL Credit, leading the sourcing, underwriting and account management of direct lending transactions for the Western Region. Before THL Credit, Soni worked in a variety of roles in the asset management industry.