Medalist Partners and Semper Capital Management expanded their partnership in the structured credit space, with Medalist formally announcing plans to integrate the Semper Capital business onto its platform.
As part of this process, various Semper Capital investment and support personnel will join Medalist Partners and will manage their existing strategies with the resources of the Medalist platform while continuing to leverage the investment process developed within Semper Capital over the past 30 years.
This transition builds upon the partnership the two firms established in 2022, providing investment and operational support to the Semper Capital team while further bolstering the breadth and scale of Medalist Partners’ structured credit and private credit platform.
As part of the integration, Greg Parsons, the CEO of Semper Capital, and Thomas Mandel, the chief investment officer and portfolio manager of Semper Capital, along with other senior Semper Capital professionals, will join Medalist Partners. Mandel will continue leading the investment activities of Semper Capital’s strategies along with Greg Richter, CEO and portfolio manager at Medalist Partners. The investment objectives of the Semper Capital strategies will remain unchanged.
“We believe the structured credit market is currently offering some of the most compelling risk-adjusted yields we’ve seen in more than a decade,” Richter said. “We are thrilled to formally welcome Greg, Tom and their team to Medalist to build upon our success together in this space.”
“I am confident that this combination serves the Semper Capital client base extremely well,” Parsons said. “Over the past year, our partnership with Medalist has greatly enhanced our investment capabilities through greater access to capital markets, transaction opportunities, infrastructure and expanded investor relationships.”
“We look forward to building on our performance track record on the Medalist platform,” Mandel said. “We have enjoyed working together with Medalist over the past year and believe this next stage of our partnership ideally positions us to capitalize on the current market opportunities in structured credit.”
“As we continue to strategically expand our platform with diversified solutions across the liquidity spectrum, we are excited to offer investors greater access to liquid alternatives across MBS and other short-duration structured credit assets,” Michael Ardisson, president and COO of Medalist Partners, said.
Following this transition, Medalist Partners and its affiliates are expected to manage approximately $3 billion in assets under management.
