JMP Group sells 50.1 pct of JMP Credit Advisors to Medalist Partners

JMP Group LLC said March 20 that it sold 50.1 percent of JMP Credit Advisors LLC to Medalist Partners LP and 4.9 percent to management employees. JMP Group will retain 45 percent. JMPCA was renamed Medalist Partners Corporate Finance LLC. Based out of Atlanta, Medalist Partners is an RIA that manages three CLOs with $1.2 billion in combined assets.

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