Medalist Partners raises $308m

The New York-based investment firm closed its second private credit fund.

Medalist Partners held a final closing of Medalist Partners Opportunity Fund II at $308 million. Capital raised by the vehicle will be used to invest in commercial and residential real estate debt as well as specialty assets that include equipment, manufacturing, automobiles and aircraft.

Fund II will use capital commitments to make transactions between $3 million and $30 million in size. The fund received contributions from both new and existing investors.

The New York private credit firm maintains several clients including family offices, endowments, banks, pensions, foundations, high-net-worth individuals and fund of funds. Medalist Partners currently manages around $2.70 billion in assets.