Grand Rapids Ophthalmology and Sterling Partners

February  2017  

Madison Capital Funding closed a senior debt facility to finance the Recapitalization of Grand Rapids Ophthalmology by Sterling Partners, as the lender announced. Madison Capital Funding is the Sole Lead Arranger and Administrative Agent; further terms were not disclosed.

Grand Rapids Ophthalmology offers a variety of eye care services including: optometry and retail (includes sale of proprietary brand of lenses manufactured by Grand Rapids Ophthalmology) and ophthalmology (includes ambulatory surgical center).

Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested over $25.7 billion in over 985 middle market transactions with more than 265 private equity sponsors.

The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein. MCF #1734606