The traditional private equity model is changing. More family offices are completing deals directly without the presence of a private equity firm, and there has been an increase in independent sponsors doing deals without the dedicated resources of a traditional PE firm. Recognizing this change, in January, Chicago-based Madison Capital Funding made a conscious effort to start financing deals sourced by non-traditional private equity firms.
The effort is led by Andrew Bucolo, a managing director with Madison Capital Funding. While there is no dedicated team so far, Bucolo is responsible for pursuing opportunities with independent sponsors and family offices. The firm’s origination team also keeps an eye open for these opportunities.