5 Questions for Ryan Clark, Genstar Capital
Genstar Capital today announced that it has helped launch MidCap Financial LLC, a new commercial finance company that will focus on middle-market lending to the healthcare industry. The new company will be run by the former senior managers of Merrill Lynch Capital Healthcare Finance, and has secured $500 million in equity commitments from Genstar, Lee Equity Partners and Moelis Capital Partners. So we’ve got 5 questions for Ryan Clark, a Genstar principal who helped lead the deal. 1. Is this a healthcare or financial services play? Clark: It’s both. Over 50% of our investments have been in the healthcare and life sciences area, which is where we got to meet the MidCap management team. They’ve worked on the leveraged lending side with us for years, on deals like OnCure Medical. When GE said it was buying Merrill Lynch Capital, we approached the team and said
