Madison Capital Acquires $140 Million Portfolio

Madison Capital Funding, a subsidiary of New York Life Investments, has acquired a portfolio representing 40 different mid-market borrowers. The collective commitments total more than $141 million. 

Madison Capital Funding LLC (“Madison Capital”), a premier financing company focused on the needs of middle market private equity sponsors, has acquired a portfolio of investments representing 40 different borrowers. The collective middle market commitments total over $141 million. Madison Capital is a subsidiary of New York Life Investments.

“Despite the consolidation trend in the industry and challenging market environment in which we operate, Madison Capital continues to actively pursue financing opportunities in the middle market,” said Chris Williams, senior managing director at Madison Capital.

In addition to this portfolio acquisition, Madison Capital recently closed two new platform financing deals. The first was for Spire Capital Partners in its acquisition of ServerVault by its portfolio company Carpathia Hosting, Inc. The second financing platform was supplied to Cortec Group in its acquisition of 180 Medical.

“As part of New York Life Insurance Company and New York Life Investments, we continue to support our private equity clients, providing them with enterprise value and cash flow focused senior and junior debt,” said Williams.

New York Life Insurance Company is one of three life insurance companies to retain the highest ratings from all four major rating agencies for financial strength. New York Life Investments has over $244 billion in assets under management.

“The combination of an experienced and entrepreneurial group of professionals, supported by a broadly diversified financial services institution, provides the creativity, responsiveness and stability desired by our clients. This stability and consistency is of critical importance in today’s market,” concluded Williams.

About Madison Capital Funding LLC

Madison Capital is a premier finance company focused exclusively on the corporate financing needs of middle market private equity firms. Madison Capital provides enterprise-value, leveraged financing for acquisitions, recapitalizations, MBOs and LBOs. The company was formed in April 2001 by a group of experienced professionals drawn from a number of leading investment banking and lending institutions. Madison Capital is based in Chicago, Illinois.