TCF Capital Funding, the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided $24 million of secured financing to support Prairie Capital’s investment in a designer and manufacturer of home décor products. 

 “We are pleased to partner with Prairie Capital and the existing management team. The company has a unique niche in the home décor market and is well positioned for continued success,” said TCF Capital Funding Vice President Dan Delgadillo.

TCF Capital Funding provides cash flow and asset-based lending to lower middle-market businesses.  National in scope, this senior leveraged lending group focuses on providing private equity sponsor-backed cash flow loans and asset-based loans to companies with less than $100 million in revenue.

Prairie Capital is a private equity firm headquartered in Chicago, IL that focuses on facilitating ownership transitions for companies in the lower middle market, currently investing out of the $300 million Prairie Capital V, LP.  The investment professionals at Prairie Capital have worked with hundreds of privately owned middle-market businesses across a range of industries. Prairie Capital typically represents a company’s first institutional investor and is able to offer a flexible investment approach consisting of equity and supportive subordinated debt.