Direct Lending: MidCap Financial

I recently received an interview with MidCap Financial and was curious to know if the people of WSO would know more about it. From their website, it seems as though it is Apollo's Direct Lending division and they have a sizable amount in capital. Interview is with their LevFin group and I am not sure about the firm or the group itself. Would be happy to hear the community's thoughts on this.

Thank you.

Comments (9)

Best Response
Mar 8, 2018

Seemed like a decent group. It's Apollo's MM focused credit group (believe they have a separate one for larger deals). They do best in HC (where I've seen them), but compete on the levfin side for other sectors too. Tough space as the supply of lenders is worse than the equity providers, relative to opportunities, from my perspective.

    • 2
Mar 8, 2018

"Worse" meaning there are more lenders competing over relatively fewer equity sponsors?

Mar 9, 2018

We've all heard the notion that too much money is chasing too few opportunities. I find it even more crowded in credit compared to equity.

Mar 8, 2018

Anybody know compensation for Direct Lending? Analyst / Assoc?

    • 1
Mar 8, 2018

What's your background that got you an interview with MidCap? Was it for analyst or associate?

Sorry to answer your question with my own - I'm trying to learn about the space myself.

Mar 8, 2018

I'm currently a sophomore in college and have been on the search for summer internships. Does anyone know how this could translate into IB/PE opportunities for next summer?

Mar 8, 2018

Hey playtheman,

I was a sophomore last year and went through the process you're talking about. From my experience, it was much more valuable to network with professors/alumni from you school. I come from a small non-target LAC and still managed to get a SA internship at a BB (not in IB specifically though).

Hope this helps!

Jun 11, 2019

Bump on this thread - anyone have more color on this firm regarding comp, culture, etc.?

Sep 6, 2019

"I did it for me...I liked it...I was good at it. And I was really... I was alive."