Bastion Management II LLC

Bastion Management II is an SEC-registered investment adviser and a division of Mesirow Financial Services. It provides discretionary investment management to privately offered pooled investment vehicles and non-discretionary advisory services to a separately managed account for a charitable organization, with investment decisions implemented in accordance with each client’s operative documents.

The firm’s investment strategy centers on originating secured credit for small- and medium-sized businesses across consumer finance, small business finance, and specialty finance, generally taking first- and second-lien positions. Bastion overlays internal sourcing, underwriting and diligence with targeted originating partner relationships and typically structures investments using record‑lender and participation arrangements.

Bastion was acquired by Mesirow in 2024 and operates within a broader affiliate network that includes an affiliated broker‑dealer with clearing arrangements and a CFTC‑registered commodity trading affiliate. Managing a charitable SMA alongside privately offered funds, employing participation/record‑lender structures (including third‑party servicing arrangements), and distributing incentive fees to affiliates are features that differentiate Bastion from many peer pooled‑vehicle managers.