(HedgeCo.Net) JMP Group LLC (NYSE: JMP), an investment banking and alternative asset management firm, announced Friday that it has sold a 50.1% equity interest in JMP Credit Advisors LLC (“JMPCA”) to Medalist Partners LP, an alternative asset management firm specializing in structured credit and asset-backed lending, and a 4.9% interest to management employees of JMPCA. A wholly-owned subsidiary of JMP Group will retain a 45.0% interest in JMPCA.
JMP Group Sells 50.1 pct of JMP Credit Advisors to Medalist Partners
This entry was posted in HedgeCo Networks Press Releases, HedgeCo News, HedgeCoVest News. Bookmark the permalink.
