General Asset Based Lending

The MidCap Financial General Asset Based Lending team consists of industry veterans with longstanding presence in asset based lending.  We provide North American middle market companies with Structured ABL revolving lines of credit secured by accounts receivable, inventory and other current and long term assets, and stretch pieces, among other financing solutions.   We provide capital solutions to industries within the middle market such as technology, logistics, manufactures, distributors, business services, retailers and consumer products companies (see transactions). We also provide one-stop financing solutions in which we augment our revolving lines of credit with cash flow based term loans.     

MidCap Financial Services, LLC*

William Gould
President of Specialty Lending
wgould@midcapfinancial.com • 301-841-6437

William Gould is a co-founder of MidCap Financial and President of Asset Based and Life Sciences Lending. Prior to joining MidCap Financial, Mr. Gould created and ran the life sciences venture finance practice for Merrill Lynch Capital Healthcare Finance. Mr. Gould also served as a Team Leader responsible for underwriting asset based and specialty real estate loans at Merrill Lynch Capital. From 2001 to 2003, Mr. Gould was a Vice President at GE Capital’s Healthcare Commercial Finance business unit where he led the asset based underwriting group. Mr. Gould also spent four years in the corporate and securities group of the law firm of Hogan and Hartson. Mr. Gould holds a B.A. in Philosophy from Haverford College and a J.D. from the University of Virginia School of Law.

Garrett Fletcher
Managing Director & Product Head – General Asset Based Lending
gfletcher@midcapfinancial.com • 301-841-6439

Garrett Fletcher currently heads MidCap Financial’s Asset Based Lending group. Mr. Fletcher has over 10 years of experience originating, structuring and executing debt financings for healthcare companies. Prior to joining MidCap Financial, Mr. Fletcher was head of asset based underwriting for Merrill Lynch Capital Healthcare Finance. Mr. Fletcher has also worked in various underwriting capacities for GE Capital Healthcare Commercial Finance and its predecessor entities, Heller Healthcare Finance, and Healthcare Financial Partners. Mr. Fletcher holds a B.A. in Biology with Distinction from the University of Virginia.

Bianca Barredo
Managing Director – General Asset Based Lending Originations
bbarredo@midcapfinancial.com • 310-622-7889

Bianca Barredo is Managing Director of the General Industries Asset Based Lending Group focusing on originating, underwriting and structuring financing solutions with investment banks, restructuring advisors, and debt investors for public and private companies. Prior to joining MidCap Financial, she was Senior Vice President at GE Capital, Corporate Finance Group, where she was responsible for sourcing and originating cash flow, ABL, and unitranche transactions. Additionally, she spent eight years at Comerica Bank, beginning in their Credit Training Program, and most recently as Vice President, Team Leader where she was responsible for underwriting and portfolio management for lower middle market companies backed by private equity sponsors. Bianca holds an M.B.A. from UCLA Anderson School of Management and a B.S. from USC Marshall School of Business.

Bradley Kastner
Managing Director – General Asset Based Lending Originations
bkastner@midcapfinancial.com • 646-677-0001

Brad Kastner is a Managing Director of MidCap Financial’s General Industries Asset Based Lending Group focusing on originating and structuring financing solutions with investment banks, restructuring advisors, and debt investors for public and private companies. Prior to joining MidCap, he held originations, underwriting and portfolio management positions at Amalgamated Capital and CIT Group, where he participated in CIT’s full-time Credit Training Program. Brad earned a Bachelor of Science in Management from the Martin J. Whitman School of Management at Syracuse University.

Michael Ciatto
Managing Director – General Asset Based Lending Underwriting
mciatto@midcapfinancial.com • 240-383-1608

Michael Ciatto leads the underwriting team in the Asset Based Lending group at MidCap Financial where he is responsible for structuring, negotiating and executing senior financing for middle market companies. Prior to joining MidCap Financial, Mr. Ciatto was a Vice President in the Financial Sponsors Group in the Investment Banking Division at Barclays Capital, based in Los Angeles. Prior to Barclays, Mr. Ciatto was an Associate in the Investment Banking Division at Credit Suisse. Mr. Ciatto earned his M.B.A. from the Wharton School at the University of Pennsylvania, and his B.S. in Finance and Management Information Systems from the Robert H. Smith School of Business at the University of Maryland.

Bruce Jennings
Managing Director – Due Diligence
bjennings@midcapfinancial.com • 301-760-4625

Bruce Jennings currently directs MidCap Financial’s due diligence services, working primarily with the Asset Based Lending and Real Estate Lending groups. Mr. Jennings has over 10 years of experience in healthcare finance, most recently managing due diligence efforts at Merrill Lynch Capital Healthcare Finance. Mr. Jennings has also worked in various accounting and finance, due diligence and portfolio management roles with GE Capital Healthcare Commercial Finance, Heller Healthcare Finance and Healthcare Financial Partners. Mr. Jennings has an additional eight years experience in the healthcare industry, serving as CFO and Controller with several nursing home, hospice and home health organizations. Mr. Jennings holds a B.S. in Business Administration from Cornell University.

Phyliss Hasen
Director – General Asset Based Lending Underwriting
phasen@midcapfinancial.com • 404-419-2417

Phyliss Hasen is an underwriter in MidCap Financial’s Asset Based Lending Group where she is responsible for structuring, negotiating and executing senior financing for middle market companies. Ms. Hasen has over 25 years of diversified financial lending experience including asset-based lending, leveraged finance, account management and equipment finance. Prior to joining MidCap, Ms. Hasen held credit and underwriting positions at Wells Fargo Foothill, GE Capital and AloStar Business Credit. Ms. Hasen holds an M.B.A. from the Lubin School of Business at Pace University and a B.S. from the Eller College of Management at the University of Arizona.

Chelsea Hollenkamp
Vice President – General Asset Based Lending Originations
chollenkamp@midcapfinancial.com • 312-488-4531

Chelsea Hollenkamp is a Vice President of MidCap Financial’s General Industries Asset Based Lending Group focusing on originating and structuring financing solutions with investment banks, restructuring advisors, and debt investors for public and private companies. Prior to joining MidCap Financial, Chelsea was with JP Morgan Chase, where she was responsible for underwriting and portfolio management for middle market companies. Chelsea has a B.A. in Economics from Vanderbilt University.

Nabhan Chowdhury
Vice President – General Asset Based Lending Underwriting
nchowdhury@midcapfinancial.com • 416-553-6645

Nabhan Chowdhury is a Vice President in MidCap Financial’s Asset Based Lending Group where he is responsible for structuring, negotiating and executing senior financing for middle market companies. Nabhan joined MidCap Financial in 2014 as a member of the ABL Underwriting team. He holds a B.S. from the Wharton School of the University of Pennsylvania.

Tom Clancy
Vice President – General Asset Based Lending Underwriting
tclancy@midcapfinancial.com • 215-869-0902

Tom Clancy is a Vice President in MidCap Financial’s Asset Based Lending Group where he is responsible for structuring, negotiating and executing senior financing for middle market companies. Prior to joining MidCap Financial, Mr. Clancy was a Vice President for a boutique middle market M&A advisory firm, as well as a Senior Manager in Cherry Bekaert’s deal advisory practice. Mr. Clancy earned his B.S. in Analytical Finance and M.S.A. from Wake Forest University. He is a CPA and CFA charterholder.

* See "Firm Overview" page for information on MidCap Financial's relationship with MidCap Financial Services, LLC and Apollo Capital Management, L.P.