MidStar Capital holds first close for inaugural fund

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By Ted Liu

MidStar Capital Corp. has held an initial close for its first fund, raising $[mepr-active rule=”374″ ifallowed=”hide”] Read our research and get insight on this and other news. We offer monthly/yearly recurring or one-time subscriptions. [/mepr-active][mepr-active rule=”374″]39.8 million from two limited partner investor for MidStar Loan Fund Limited Partnership[/mepr-active].

Toronto based MidStar Capital is a private loan lender focused on providing flexible solutions to Canadian mid-market companies operating across a wide variety of industries. Its initial focus will be on senior loans to mid-market companies, a market segment that “offers particularly attractive risk-adjusted returns.”

MidStar Capital was co-founded and is led by three former GE Capital senior investment managers: Tanya Taggart, Managing Partner (formerly Managing Director of the Corporate Finance Division at GE Capital), Jason Embleton, Partner (Senior Vice President, Leveraged Finance at GE Capital), and Jeffrey Roth, Partner (Senior Vice President in the Corporate Finance Division at GE Capital).

MidStar Capital is part of Connor, Clark & Lunn Financial Group Ltd., an independently owned multi-boutique asset management firm.

photo credit: MidStar Capital