Madison Capital Funding has hired Jeffrey Scott as the firm’s new Head of West Coast Origination. Mr. Scott will be responsible for overseeing business development and client relationships in the region.
Mr. Scott joins Madison from Cerberus Capital where he was a Managing Director responsible for running the firm’s Chicago office, sourcing new financing opportunities, underwriting, and portfolio management. Prior to Cerberus, he was an Associate at Antares Capital where he underwrote cash flow senior loans and equity co-investments for private equity backed companies. He started his career in commercial banking at American National Bank where sourced and underwrote asset-based loans for middle-market businesses. Mr. Scott received an MBA from the University of Chicago and a BA in Economics from Wheaton College.
“We are pleased to welcome Jeff to Madison Capital,” said Chris Williams, Co-Founder and Senior Managing Director. “His significant experience will further extend Madison’s presence on the West Coast, developing our business and relationships in that region.”
Madison Capital is focused exclusively on the corporate financing needs of middle market private equity firms and has closed transactions with over 205 different private equity firms. Madison Capital provides leveraged financing for acquisitions, recapitalizations, MBOs and LBOs. The firm will also provide equity co-investment capital of up to $2 million. Sectors of interest include manufacturing, distribution, services, consumer products, healthcare, insurance & financial services, aerospace & defense, and technology services. Target companies typically have stable historical earnings with at least $3.5 million of EBITDA. Madison Capital, a subsidiary of New York Life, is based in Chicago (www.mcfllc.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-10-13
