
MidCap Financial
Description
MidCap Financial, a prominent specialty finance firm, operates as a subsidiary of Apollo Global Management, a leading global alternative investment manager. Headquartered in Bethesda, Maryland, MidCap Financial is a dedicated provider of senior debt solutions primarily to companies within the middle market across the United States and Europe. Their core mission revolves around offering flexible and tailored financing structures to support a diverse range of corporate needs, including acquisitions, recapitalizations, growth initiatives, and working capital requirements.
The firm's investment strategy is characterized by its broad industry coverage and a comprehensive suite of debt products. MidCap Financial serves sectors such as healthcare, technology, life sciences, general industrials, and financial sponsors, demonstrating a versatile approach to lending. They offer various debt instruments, including revolving lines of credit, term loans, unitranche facilities, and last-out facilities, enabling them to customize solutions that align with the specific operational and strategic objectives of their portfolio companies. This flexibility positions them as a key partner for businesses seeking robust and adaptable capital solutions.
With a substantial capital base, MidCap Financial has established itself as a significant player in the direct lending space. As of recent reports, the firm manages assets exceeding $25 billion, underscoring its capacity to deploy substantial capital. Their typical senior debt facilities generally start from $10 million and can extend to over $1 billion for larger transactions, catering to a wide spectrum of middle-market companies. This extensive range allows them to support both smaller, rapidly growing enterprises and larger, more established businesses, providing critical financing that often fills the gap left by traditional banking institutions.
MidCap Financial's deep industry expertise, coupled with its strong relationship with Apollo Global Management, provides it with a competitive edge. They are known for their efficient execution and a partnership-oriented approach, working closely with management teams and financial sponsors to structure optimal financing solutions. Their focus on senior secured debt aims to provide downside protection while supporting the growth trajectories of their borrowers, making them a reliable and strategic capital provider in the dynamic middle-market landscape.
Investor Profile
MidCap Financial has backed more than 57 startups, with 3 new investments in the last 12 months alone. The firm has led 38 rounds, about 67% of its total and boasts 37 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Post Ipo Debt, Debt Financing, Series A rounds (top funding stages).
- Majority of deals are located in United States, Canada, United Kingdom.
- Strong thematic focus on Health Care, Biotechnology, Medical.
- Led 3 rounds in the past year.
- Typical check size: $10M – $1000M.
Stage Focus
- Post Ipo Debt (51%)
- Debt Financing (39%)
- Series A (4%)
- Series Unknown (4%)
- Series E (2%)
- Series D (2%)
Country Focus
- United States (89%)
- Canada (5%)
- United Kingdom (4%)
- Australia (2%)
Industry Focus
- Health Care
- Biotechnology
- Medical
- Medical Device
- Manufacturing
- Therapeutics
- Pharmaceutical
- Financial Services
- Software
- Health Diagnostics
Frequently Asked Questions
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