Madison Capital Funding Surpasses $8.0 Billion in Assets Under Management in 2016

Madison Capital’s healthcare vertical achieves record results

Firm announces late 2017 planned retirements of Thomas Klimmeck and Tricia Marks and appointment of Robert Douglass to Investment Committee

CHICAGO – January 10, 2017 – Madison Capital Funding, LLC (“Madison Capital”), a premier finance company focused exclusively on the corporate financing needs of middle market private equity firms, today announced surpassing $8.0 billion in assets under management (AUM) in 20161. Madison Capital’s specialty expertise in the healthcare, financial services and technology sectors, along with its core focus on independent private equity sponsors and family offices, significantly contributed to the firm’s success in 2016 which marked the 15 year anniversary of the firm’s founding.

Madison Capital’s healthcare group achieved an all-time firm record for healthcare commitments in 2016 with $643.0 million in incremental commitments, which is 30 percent higher than the average of the prior five years post-recession. Additionally, Madison Capital served as agent or co-lead on all of the firm’s 27 new healthcare transactions in 2016.

Madison Capital also announced the late 2017 planned retirements of Thomas Klimmeck, senior managing director, and Tricia Marks, a managing director and head of capital markets. Mr. Klimmeck cofounded Madison Capital sixteen years ago and has served on the firm’s Investment Committee since inception. He has been an influential contributor to the firm’s success in originating, structuring and closing transactions. Ms. Marks joined Madison Capital in 2003 and aided in the creation and evolution of the firm’s loan syndication business which was an important factor in solidifying Madison Capital as a leader in the middle market. Both will continue to serve in their current roles at the firm through the end of 2017.

As part of this year-long transition, Robert Douglass will join Madison Capital’s Investment Committee effective immediately. Having joined Madison Capital in 2004, Mr. Douglass is currently responsible for helping to manage the firm’s $8.2 billion portfolio1 of over 240 individual companies. Prior to this role, he led the financial services underwriting team and was instrumental in building this specialty group for Madison Capital.

“Having eclipsed significant AUM and longevity milestones in 2016, Madison Capital enters 2017 in a position of strength and we will continue to build on this momentum,” explained Hugh Wade, Madison Capital co-founder and chief executive officer. “Even when Tom and Tricia retire at the end of 2017, our senior leadership team will remain strong, experienced and tenured. Most importantly, Madison Capital will continue to provide a stable source of capital, superior deal execution, long-term flexibility and certainty of close to support our sponsors’ financing needs.”

 

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 has closed transactions with over 265 different private equity firms and provides enterprise-value leveraged financing for acquisitions, recapitalizations, MBOs 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. Madison Capital Funding LLC is a subsidiary of New York Life Insurance Company. Additional information may be found at: ww.mcfllc.com


Media Contact:
Kevin Maher
New York Life Insurance Company
+1.212.576.6955
+1.732.859.4530
Kevin_B_Maher@newyorklife.com

 

1As of September 30, 2016, Madison Capital’s AUM of $8.2 billion includes equity co-investments and fund investments as well as third party managed loans assets. #1721329