Andrew Hedlund
The firm also boosted its net investment income in its fourth fiscal quarter versus the same time last year.
The firm has raised $500 million since it last reported total capital commitments.
Medley’s stock continued to trade at a discount as the management expressed a strong commitment to following through on its share repurchases.
NewStar previously sold off its asset-based lending business in March.
The new firm, founded by three Blackstone veterans, will target companies in deals both with and without a private equity sponsor.
Guggenheim Partners’ private debt team deployed just over $1bn in direct lending in the third quarter, a huge amount aided by the firm’s size and multiple business strands. The roots of that success go all the way back to college.
The $22m loan is the third facility extended to the company after an initial $100m investment.
The deal comes amid a busy period for Antares in which it announced several deals and a partnership with Toronto-based private credit firm Northleaf.
The London-based mid-market lender can underwrite and hold up to €300 million.
The alternative lender’s second senior debt fund is targeting double the haul of its predecessor, VPC Specialty Finance Fund I.