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MidCap Financial Gets $800 Million in Fresh Equity Posted on 04/23/2021 MidCap Financial, LLC is a middle market-focused, specialty finance firm that provides senior debt solutions to companies across all industries. As of December 31, 2020, MidCap Financial provides management or other services for over US$ 29.8 billion of commitments, of which US$ 5 billion is managed by MidCap Financial Services Capital Management LLC, a registered investment advisor. MidCap Financial is managed by Apollo Capital Management, L.P., a subsidiary of Apollo Global Management, Inc. MidCap Financial has raised more than US$ 800 million of new equity from a diverse group of global investors that included Apollo clients, including Athene Holding Ltd. as well as pensions, sovereign wealth funds, and other leading institutions. The US$ 800 million equity raise follows MidCap’s more than US$ 2 billion capital raise in 2016, which included commitments from Athene, Apollo and a number of Apol ....
MidCap Financial Announces $800 Million Equity Raise New and existing investors commit capital to help fund growth of middle market leader News provided by Share this article Share this article BETHESDA, Md., April 22, 2021 /PRNewswire/ MidCap Financial, a credit solutions firm focused on serving the middle market, today announced it has raised more than $800 million of new equity from a diverse group of global investors that included Apollo clients, including Athene as well as pensions, sovereign wealth funds and other leading institutions. Proceeds from the raise will be used to fund business growth and for general corporate purposes. MidCap primarily focuses on senior debt solutions to companies across all industries, and as of December 31, 2020 has provided management or other services for approximately $29.8 billion of commitments, of which $5 billion is managed by MidCap Financial Services Capital Management LLC, a registered investment officer. ....