Madison Capital Funding Closes Sixth CLO at $325M

Jul 12 2017 | 7:59pm ET

Madison Capital Funding LLC, which focuses on corporate finance solutions for middle-market private equity firms, has closed on its sixth collateralized loan obligation at $325 million. 

The new CLO, named MCF CLO VI LLC, will have a 5.5-year reinvestment period, the company said, with proceeds available to partially fund eligible loans. Madison Capital will serve as originator and collateral manager.

Founded in 2001 and a unit of New York Life Insurance Company, Chicago-based Madison Capital supports middle market private equity sponsors with cash flow-based corporate finance solutions across a broad spectrum of industries.

Since inception, the company has invested over $26.2 billion in net funded commitments in over 997 financing transactions with more than 270 PE firms. The company manages more than $8 billion in assets for New York Life and other third-party clients.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of