Sphere of Influence: Heads Medley Capitalís SBIC fund, contributes to the SBIA and ACG New York, and lobbies on behalf of the middle market on Capitol Hill
As a managing director at Medley Capital Corp. (NYSE: MCC), Marilyn Adler runs the firm’s†small business investment company (SBIC) fund. Adler launched the SBIC fund, the company’s first, in 2013. Today, the vehicle is one of the best performing funds on the Medley platform with a net IRR of 16.2 percent, as of Sept. 30, 2016. Additionally, Adler has closed approximately 23 investments in the fund and six follow-on financings over the last four years.
“I am very passionate about helping companies, and my competitive nature drives me to find great companies to partner with. We do extensive due diligence on potential investments and we are not afraid to pass on things that don’t meet our strict criteria,” says Adler. As a result of the success of Medley’s first SBIC fund, Adler has been tasked with raising a second SBIC fund.
Adler is very active in the middle market on many fronts. She serves on the Board of Governors†of the Small Business Investor Alliance (SBIA)†and on the group’s BDC and Northeast committees. She also serves as member on ACG New York’s Women of Leadership committee. Adler also lobbies for the private equity industry in Washington, D.C., including meeting with senators to promote increasing the family of funds limitation on SBA leverage from $225 million to $350 million, which was passed into law in December 2015.