Chicago-based Madison Capital, a subsidiary of New York Life Insurance Company, has closed its seventh middle-market CLO at $302 million. The MCF CLO VII LLC will reinvest for four years while Madison Capital acts as collateral manager.
CHICAGO, September 7, 2017 – Madison Capital Funding LLC today announced the closing of MCF CLO VII LLC, a $302 million collateralized loan obligation. The CLO will have a 4-year reinvestment period and Madison Capital will serve as collateral manager.
“This transaction represents our seventh middle market CLO to date and our third CLO transaction this year, with our 2017 CLO issuance approaching $1.0 billion. Investors place great value in Madison Capital’s strong loan originations capabilities, sophisticated credit management platform, and uninterrupted capital support from New York Life,” said Managing Director & Head of Investment Management, Ashish Shah.
Madison Capital is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance solutions across a broad spectrum of industries. Since its founding in 2001, the company has invested over $26.6 billion in net funded commitments in over 1,000 financing transactions. Madison Capital manages over $8 billion in assets for New York Life and other third party clients.
About Madison Capital Funding
Madison Capital is a premier finance company focused exclusively on the corporate financing needs of middle market private equity firms. Madison Capital has closed transactions with over 271 different private equity firms and provides enterprise-value leveraged financing for acquisitions, recapitalizations, and LBOs. The company was founded in April 2001 by a group of experienced corporate finance professionals, with over 100 years of middle market experience, drawn from a number of leading investment banking and lending institutions. Madison Capital is based in Chicago, Illinois and is a subsidiary of New York Life Insurance Company.