Midcap Financial announced that John Rosin was named managing director – national head of originations of the Midcap Financial Services General Industries Asset Based Lending Group.

Rosin comes to MidCap with more than 25 years of asset based lending experience and a track record whereby he and his origination teams have been responsible for over 300 funded transactions with commitments and fundings exceeding $4.5 billion and $2.5 billion, respectively.

At MidCap, he will be responsible for the national build out of the General Industries ABL team, which seeks to fill the void that has resulted from increased banking regulations that are forcing banks to exit or reduce lending to certain segments of the ABL market.

Rosin is active in several regional and national industry organizations, including the Association for Corporate Growth, the Commercial Finance Association, the American Bankruptcy Institute and the Turnaround Management Association. He is a frequent speaker at industry events on distressed investing, secured lien lending, and asset based lending.

“John’s deep relationships and extensive experience in building teams and the origination of asset-based, leveraged cash flow and structured product financings will be critical for us as we build out our General Industries ABL platform,” said Will Gould, president of MidCap Financial’s Specialty Finance Group. “We are excited that he has joined MidCap and expect to benefit from his years of experience.”