“The rise in private debt has been tremendous over the last three or four years,” says Sunil Mehta, managing director, Madison Capital Funding LLC, in this video interview shot at ACG InterGrowth 2018. Investors from all over the globe are attracted to this asset class. “There aren’t very many asset classes that have performed this consistently over the last 10 or 15 years, and you have asset managers in the class that have been able to perform for not only two or three years but for decades.” Madison, a subsidiary of New York Life Insurance Co., has long been a stellar source of capital in the middle market. Since its founding in 2001, the Chicago lender has invested $29.2 billion of net funded commitments in 1,075 transactions with 287 different private equity sponsors. For more on Madison’s approach, read our Q&A with Jennifer Cotton: Abundance of capital drives highly competitive loan process, says Madison Capital’s chief underwriter.