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Medley LLC Announces that James A. Feeley III Joins its Investment Team as Senior Managing Director and Head of Markets

January 22, 2014

NEW YORK --(BUSINESS WIRE)-- Medley LLC (“Medley”) is pleased to announce that James A. Feeley III has joined its team of investment professionals as a Senior Managing Director and Head of Markets. With over 25 years of investment banking and leveraged finance, private equity and credit-oriented alternatives investment management experience, Mr. Feeley brings a range of skills including direct lending to middle market companies and financial sponsors, performing and distressed credit investing and CLO asset management. Mr. Feeley began his career in investment banking and leveraged finance with Fleet Bank and J.P. Morgan Securities in the Global Acquisition Finance and Financial Sponsors Group . After joining private equity firm J.H. Whitney & Co. , Mr. Feeley was a Founding Partner of FriedbergMillstein’s credit strategies business and a Founding Managing Partner of CastleHill Investment Management and White Squall Capital Partners . “I was attracted to the Medley credit platform because of their deep commitment to fundamental credit investment strategies, their impressive success through the last credit cycle and their commitment to building a world class credit alternatives investment firm,“ said Jim Feeley . “I am excited about the opportunity to help Medley continue to develop their business and their team.” “Jim’s experience in asset management and credit investing adds to the depth and breadth of our senior management and investing teams,” added Seth Taube , Partner of Medley. “Jim is an experienced investor and business builder who will help us continue to elevate Medley’s capabilities for our investors.” ABOUT MEDLEY Medley is a registered investment adviser under the Investment Advisers Act of 1940 that manages private funds, managed accounts and business development companies, Medley Capital Corporation (NYSE: MCC) and Sierra Income Corporation . Medley specializes in credit investing, including direct private lending and corporate credit related strategies. Medley provides first lien, second lien and uni-tranche term loans to middle-market companies with an investment size between $10-100 million. Medley will support acquisition and growth financings, leveraged buyouts, management buyouts, bank debt restructurings, CAPEX, Chapter 11 exit financing and DIP financing. Medley is headquartered in New York with offices in San Francisco . FORWARD-LOOKING STATEMENTS Statements included herein may contain "forward-looking statements." Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission . Except as required by law, the Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release. Medley LLC Richard T. Allorto , CFO 212-759-0777 Source: Medley LLC

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