DFX Intelligence
Midwest Mezzanine Funds
As of · the mandate; last verified Sep 26, 2026, 3 sources, 11 observations
- Sponsors financed
- 21
- Repeat sponsors
- 9
- Announced deals
- 37
Lender and equity co-investor, observedequity
As of · the mandate; last verified Sep 26, 2026, 3 sources, 11 observations
What the rest of DFX holds on this provider
- Provider type
- Mezzanine · deals: 56 of 69 financing roles mezzanine or subordinated
- Also on DFX
- Private Equity
2 additional people, 27 additional sponsor relationships, 34 additional announced deals
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Observed financing independent sponsors
21 sponsors, 33 observed deals as lender, mezzanine, equity coinvest, equity provider: Ancor Capital Partners (3), Strength Capital Partners (3), Onward Capital (3).
Observed financing in manufacturing (9), industrial services (8), specialty distribution (5), business services (2), healthcare services (1).
Which sponsors in their sectors has DFX not observed them besideHow this is orderedOrdered by the sponsor's depth in your sectors. The capital named on their deals is printed beside each one so the absence can be checked rather than taken on trust.
DFX has not observed these firms together on any transaction in our coverage. That is a statement about what DFX has read, not about the firms: a deal that was never announced, or announced without naming its capital, cannot appear here.
Coverage behind this list: 3 sponsors observed closing in your 5 sectors · 25 of your own financings read in those sectors · most recent of theirs observed Sep 9, 2026.
- Capital named on their deals: Tecum Capital, First Commonwealth Bank, Five Points Capital, Inc., SharpVue Capital
- Capital named on their deals: Cyprium Partners, HCAP Partners, LLC, NorthCoast Mezzanine, Ocean Avenue Capital Partners, L.P., White Oak Global Advisors, LLC
- Capital named on their deals: Align Collaborate
What do they fund, equity or debt, how much, what structures
- Provider kinds
- Observed sponsor backerFactsources in which the provider appears· 100%
- Capital side
- EquityFactacted as equity provider in an observed transaction· 85%· DFX's own graph
- Independent sponsor friendliness
- ObservedFact30 observed sponsor transactions· 90%· DFX's own graph
What they say they fund
- Sectors
- Industrial manufacturing, Specialty distribution, Industrial services, Business services, Transportation logistics, Healthcare services“Midwest Mezzanine typically invests in light manufacturing, value-added distribution and service business.”
- Sector thesis
- Industrial manufacturing, Specialty distribution“Midwest Mezzanine Funds is a lower middle market junior capital provider focused on financing private equity acquisitions of businesses in the manufacturing, distribution and services sectors.”
- EBITDA
- $3M and up“EBITDA greater than $3 million and historically strong, consistent profitability”
- Geography
- Midwest, United States“Midwest Mezzanine Funds is a lower middle market junior capital provider focused on financing private equity acquisitions of businesses in the manufacturing, distribution and services sectors.”
- Control
- yes“Change of Control”
- Exclusions
- Midwest Mezzanine does not typically invest in companies in the financial services, high technology, restaurant, retail or real estate development sectors.“Midwest Mezzanine does not typically invest in companies in the financial services, high technology, restaurant, retail or real estate development sectors.”
In the firm's own words, quoted from its site, from mmfcapital.com.
Announced transactions naming them
- Sep 15, 2026Recapitalizationconfidence 85%Leelanau Private Capital (named in the announcement; no firm record yet) recapitalised SiteScapes (Raleigh, NC)Navigate Capital · LenderMidwest Mezzanine Funds · Lender
invested subordinated debt and equity to support Leelanau Private Capital's recapitalization (buyer: Leelanau Private Capital)
DFX analyst research (General-assisted, every claim URL-cited) mmfcapital.com - Dec 15, 2025Add onconfidence 70%Colfax Creek (named in the announcement; no firm record yet) acquired Performance Stamping (Traverse City, MI)Midwest Mezzanine Funds · LenderOxer Capital, Inc. · Lender
Midwest Mezzanine and Oxer Capital provided subordinated debt and equity (buyer: Colfax Creek)
DFX analyst research (General-assisted, every claim URL-cited) mmfcapital.com - Oct 15, 2025Platform acquisitionconfidence 75%Midwest Mezzanine Funds · Lender
Midwest Mezzanine invested subordinated debt and equity to support the acquisition.
DFX analyst research (General-assisted, every claim URL-cited) mmfcapital.com
Affiliated: Midwest Mezzanine Fund V SBIC, L.P.; Midwest Mezzanine Fund VI SBIC, L.P.; Midwest Mezzanine Fund VII SBIC, L.P.
Sponsors this provider has financedWhat these counts meanCounts are the financings DFX has read in announcements. Most come from lenders' own deal archives, which list a lender's repeat deals with a sponsor but not the sponsor's deals with other lenders, so a repeat relationship shows where one lender publishes and is not a rate at which sponsors return to a lender. Counts undercount and record past financing; DFX does not predict who will finance a deal.
21 sponsors observed, 9 of them more than once.
- Repeat relationshipMidwest Mezzanine Funds has financed 3 observed Strength Capital Partners transactions (2019 to 2022).Roles: equity coinvest, equity provider, lender, mezzanine
- Mar 15, 2022Western States Reclamationmmfcapital.com
- Feb 15, 2021Truesdell Corporationmmfcapital.com
- Dec 15, 2019CALco Pallet Companymmfcapital.com
- Repeat relationshipMidwest Mezzanine Funds has financed 2 observed Ancor Capital Partners transactions (2019 to 2025).Roles: lender, mezzanine
- Oct 15, 2025Vapor Systems Technologiesmmfcapital.com
- May 15, 2019LSC Environmental Productsmmfcapital.com
- Repeat relationshipMidwest Mezzanine Funds has financed 2 observed Onward Capital transactions (2018 to 2021).Roles: lender, mezzanine
- Dec 31, 2021Century Drill & Toolmmfcapital.com
- Mar 14, 2018Connecticut Electric, Inc.tecum.com
Who works here
- Ana WintersSenior Managing Director since 2004 with a leveraged-finance underwriting background on private-equity-sponsored transactions, a senior investment decision-maker.Senior Managing Director mmfcapital.com
- Paul KreieSenior Managing Director since 1999, a senior investment decision-maker on the deal team.Senior Managing Director mmfcapital.com
- Jason VandermydeVice President with a direct sponsor-finance underwriting background from BMO Harris Bank, an execution-level deal contact for sponsor-backed transactions.Vice President mmfcapital.com
Who to call
the organisation, the role and the published line, with the filing or website that published it; revealed to signed-in accounts
The firm's published line
Revealable: 1 business phone (the firm's own page) · as of 2026-09-24
- Ana WintersSenior Managing Director · Revealable: 1 business phone (the firm's own page), 1 professional profile (the firm's own page), 1 work email (the firm's own page)
- Paul KreieSenior Managing Director · Revealable: 1 business phone (the firm's own page), 1 professional profile (the firm's own page), 1 work email (the firm's own page)
- Jason VandermydeVice President · Revealable: 1 business phone (the firm's own page), 1 professional profile (the firm's own page), 1 work email (the firm's own page)
Who to call is the organisation, the person's role and the line they published themselves: a business phone, office address, website or profile link from Form ADV, Form 13F or their own website, with that source named on every value. The counts above are what a reveal returns; a personal email is rarely published, so most reveals are the firm's line. Never data bought from a provider, never anything personal. Reveals by plan
Midwest Mezzanine Funds is a lower middle market junior capital provider focused on financing private equity acquisitions of businesses in the manufacturing, distribution and services sectors.
In the firm's own words.
Evidence
| Fact | Value | Class | Effective | Source |
|---|---|---|---|---|
| Backs independent sponsors | stated | Fact | Independent sponsor firm websites (the firm's own contact and team pages) no URL | |
| Description | Fact | Independent sponsor firm websites (the firm's own contact and team pages) no URL | ||
| Entity kind | Unknown investment entity | Inference | 2026-09-12 | DFX model output (scores, estimates, matches) no URL |
| Investment thesis | Fact | Independent sponsor firm websites (the firm's own contact and team pages) no URL | ||
| Stated buy box | Fact | Independent sponsor firm websites (the firm's own contact and team pages) no URL | ||
| Website | Fact | DFX analyst research (General-assisted, every claim URL-cited) no URL |