Mesirow acquires Bastion Management

Written by Adam Cadle

07/01/2025

Mesirow has acquired Bastion Management, an asset-backed specialty finance lender, as part of its strategic expansion of the firm’s alternative investments capabilities.

Bastion is a private credit manager that focuses on the asset-backed specialty finance space, lending to the lower middle market across sectors and geographies and creating bespoke financing solutions that seek compelling returns with robust downside protection.

“We are thrilled to join Mesirow, an independent, employee-owned firm whose client-centric approach and emphasis on long-term relationships align seamlessly with our own values,” said Jay Braden, CEO of Bastion.

“Mesirow's robust distribution platform will enable us to accelerate our growth while continuing to deliver exceptional service to our clients. We are proud of our historical performance and excited about the opportunities this partnership brings to expand our lending platform and build on our success."

DLA served as legal advisers to Mesirow. Berkshire Global Advisors served as financial adviser to Bastion and Latham Watkins served as Bastion’s legal advisers.

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