Beyond conventional:
MidStar Capital specializes in Private Credit lending for Canadian midmarket companies,
We provide distinct and tailored financing relative to more traditional sources of capital.
- Credit fundamentals: We prioritize credit fundamentals over market precedents, ensuring an ability to offer innovative solutions.
- Breadth of offering: We are agnostic in relation to best solution across the debt stack, from traditional syndicated facilities, to Unitranche solutions to Second Lien debt.
- Certainty of execution: Our efficient and transparent underwriting process is core to our value proposition.
- Nimble and innovative: As owner-operators, we embrace an entrepreneurial culture to deliver customized solutions.
- Seasoned team: Our highly experienced team has navigated numerous economic cycles with a proven track record.
- Backed by industry leaders: An open-ended evergreen fund with the support of Canada’s largest privately owned institutional asset manager.
Versatile corporate credit offering
| Lending characteristics | Details |
|---|---|
| Strategies: | Ability to invest across the capital structure |
| Size: | Midmarket companies with EBITDA >$7.5 million (Sponsor and Non-Sponsor) |
| Loan hold size capability: | $10 million to $100 million |
| Target loan hold size: | 1st Lien or Unitranche: $20 million to $65 million 2nd Lien: $10 million to $40 million |
| Product: | Secured loans, including 1st Lien, Unitranche and 2nd Lien |
| Interest rate to borrowers: | Competitive rates depending on solution from 4.5% to 15%+, indexed off applicable floating base rate |
| Currency: | USD and CAD |
| Industries: | All except real estate development and extractive industries |
| Terms of loans: | 24 to 120 months |
| Individual loan security: | Secured lending with either a 1st or 2nd Lien on borrower’s assets depending on loan type |
| Amortization: | Flexible – based on business profile |
| Covenants: | Covenants customary for secured debt |
By focusing on the Canadian midmarket and adhering to this investment criteria, we aim to be the preferred financial partner for ambitious mid-sized Canadian businesses, assisting their growth and prosperity.
Unless otherwise stated, all data is as at December 31, 2024 and stated in Canadian dollars (CAD).
For additional information on MidStar Capital Corp., please contact:
Please take the time to carefully read the following as it contains important information regarding certain restrictions imposed by statute and the applicable securities regulatory authorities on the distribution of information through this website.
Material presented on this website should be considered for background information only and should not be construed as investment or financial advice. Further, information on this website should not be construed as an offer or solicitation by the Connor, Clark & Lunn group of companies to provide investment management services or to buy or sell any products.
The MidStar Capital Corp. (MidStar) website may contain hyperlinks to websites operated by parties other than MidStar. Such hyperlinks are provided for your reference only. MidStar does not control such websites and is not responsible for their contents. The inclusion by MidStar of hyperlinks to other websites does not imply any approval or endorsement of the material on such websites or any association with their operators.
The Connor, Clark & Lunn group of companies includes a number of entities that may be registered as investment advisers, investment fund managers and exempt market dealers in various provinces and territories of Canada.
A number of entities are also registered with the Unites States Securities and Exchange Commission as advisers in that country and the Connor, Clark & Lunn group of companies also includes a number of investment advisers and fund managers that are authorized and regulated by the Financial Conduct Authority in the United Kingdom. The information provided on this website regarding each entity is directed solely towards qualified investors in jurisdictions where the appropriate entity is registered. Services offered by any of the entities in the Connor, Clark & Lunn group of companies are offered solely to qualified residents of the jurisdictions where the entities are qualified to do business.
Certain securities regulations prohibit the publication of specific registration information about the registered entities in the Connor, Clark & Lunn group of companies. For more information, please contact the Connor, Clark & Lunn Compliance Department at [email protected] or 604-685-2020.
MidStar Capital Corp.
June 4th, 2025