Medley and Sierra Promote Dean Crowe

Medley Management Inc. (NYSE:MDLY), an asset management firm, and Sierra Income Corporation, a non-traded business development company, announced the promotion of Dean Crowe to senior managing director of Medley LLC and chief operating officer of Sierra.

Crowe has served as a managing director at Medley, as well as senior portfolio manager for Sierra, since 2011. Prior to joining Medley, he was a portfolio manager at UBS O’Connor, the alternative investment subsidiary of UBS Asset Management, where he managed corporate credit investments and the O’Connor Credit Arbitrage Fund. Before UBS, Crowe held various positions at Merrill Lynch in New York, where he managed proprietary credit trading. He started his career with Salomon Brothers in New York, where he traded and invested in privately placed corporate debt. Crowe received a bachelor’s degree in accounting from James Madison University.

Seth Taube, chief executive officer of Medley, commented, “Dean is an important member of the Medley team and his promotion into an expanded role at Sierra is an acknowledgment of his strong leadership capabilities. Dean has significant credit investing and operational expertise that will benefit Sierra as we continue to expand our presence with borrowers and investors in the middle market.”

Medley is an asset management firm offering yield solutions to retail and institutional investors. As of March 31, 2015, Medley had in excess of $3.9 billion of assets under management in two business development companies, Medley Capital Corporation (NYSE:MCC) and Sierra Income Corporation, as well as, private investment vehicles. Over the past 13 years, the company has invested in excess of $5.3 billion in more than 290 companies across 35 industries in North America.

Sierra is a non-traded business development company that invests primarily in first lien senior secured debt, second lien secured debt and, to a lesser extent, subordinated debt of middle market companies in a broad range of industries with annual revenue between $50 million and $1 billion. Sierra’s investment objective is to generate current income, and to a lesser extent, long-term capital appreciation. Sierra is externally managed by SIC Advisors LLC, which is an investment adviser registered under the Investment Advisers Act of 1940, as amended. SIC Advisors LLC is an affiliate of Medley Management Inc.