Report: Medalist Partners Targets $750M for Fourth Private Credit Fund

Medalist Partners is aiming to raise $750M for its fourth private credit fund, The Wall Street Journal reported January 10, citing people familiar with the matter.

The targeted funds are earmarked for asset-based financing, including for residential developments, according to the report. One of the unnamed sources said the fund will likely have its first close in the first quarter and final close toward the end of 2025.

The New York-based institutional investment management firm closed its third private credit fund, Medalist Partners Asset-Based Private Credit Fund III, oversubscribed at $600M, almost double the capital raise of its predecessor. The third fund attracted capital commitments from new and existing investors, including pensions, endowments, foundations, consultants, family offices, and high net worth individuals.