TrialCard and Excellere Partners

October 2016

Madison Capital Funding closed a $130,500,000 senior debt facility to finance the recapitalization of TrialCard by Excellere Partners as the lender announced. Madison Capital Funding is the Co-Lead Arranger and Administrative Agent; further terms were not disclosed.

TrialCard delivers patient-centric healthcare solutions to providers, pharmacies and patients.

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 $25.0 billion in over 965 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 #1727109