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Bianca Barredo

Managing Director & Head of Enterprise Asset Based Lending at MidCap Financial

Los Angeles, CA

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Why they matter

She underwrites MidCap's $10-150M Enterprise Value Stretch deals for asset-heavy, cash-constrained middle-market companies — a fit for stretched-ABL or sponsor acquisition financing.

Background

Bianca Barredo (also known professionally as Bianca Barredo Higgins) is Managing Director and Head of Enterprise Asset-Based Lending at MidCap Financial, an Apollo-managed commercial finance firm, based in Los Angeles. She joined MidCap in June 2016 and was promoted to her current role in January 2024 after running ABL underwriting and origination for the firm's specialty finance group; earlier she originated cash-flow, ABL, and unitranche deals as an SVP at GE Capital's Corporate Finance Group and spent eight years in credit and portfolio management at Comerica Bank, starting in its credit training program. She holds an MBA in entrepreneurial studies from UCLA Anderson and a BS in finance from USC Marshall.

Notable deals

  • 2019
    Named as MidCap Financial's deal contact on a $60 million senior secured revolving credit facility for Celadon Group, Inc.
  • 2021
    Profiled in a featured Q&A in The Secured Lender magazine discussing MidCap's ABL strategy and industry consolidation
  • 2024
    Promoted to Managing Director and Head of Enterprise Asset-Based Lending at MidCap Financial
  • 2026
    Quoted on MidCap's senior secured credit facility and equity co-invest financing LB Advisors' acquisition of GT Mid Atlantic (Core Equipment Group)

Call-prep brief

Background

  • Bianca Barredo (professionally also Bianca Barredo Higgins) is MD and Head of Enterprise Asset-Based Lending at MidCap Financial (Apollo-managed), based in Los Angeles.
  • Joined MidCap in June 2016; promoted to her current title in January 2024 after running ABL underwriting/origination for MidCap's specialty finance group.
  • Earlier career: SVP at GE Capital's Corporate Finance Group (cash flow, ABL, unitranche origination), and eight years in credit/portfolio management at Comerica Bank, starting in its credit training program. MBA (UCLA Anderson), BS Finance (USC Marshall).

Current Focus

  • Leads MidCap's "Enterprise Value Stretch" platform — EV term loans layered on ABL revolvers, $10-150M facilities for cyclical/seasonal middle-market borrowers needing 1-2 turns of EBITDA above the asset base.
  • Covers U.S. and Canada deals; has emphasized building proprietary deal flow in the Western U.S.

What She Cares About

  • Distinguishes "advocates" from mentors and is vocal about sponsoring underrepresented talent into lending careers.
  • Favors team-based origination over individual "rainmaker" models; looks for "good companies with a reason to exist" over pure price competition.

Recent Moves

  • April 2026: financed LB Advisors' acquisition of GT Mid Atlantic via a senior secured facility plus equity co-invest (Core Equipment Group).
  • January 2024: promoted to MD, Head of Enterprise ABL.

Sensitivities

  • Non-bank ABL has gotten crowded — she's noted 5+ new direct competitors since 2016 — expect firm pushback on structure and pricing.

Questions to Ask

  1. How is the Enterprise Value Stretch book performing amid tighter non-bank ABL underwriting discipline?
  2. What check size and EBITDA-above-asset-base range fits our target deal today?
  3. Who else on her team should be looped in for a sponsor-backed acquisition financing?

Outreach draft

Subject
Enterprise ABL Financing — Quick Intro Call?
Hi Bianca, I came across your work leading MidCap Financial's Enterprise Value Stretch platform, including the recent financing behind LB Advisors' acquisition of GT Mid Atlantic. We're evaluating asset-based and stretch financing options for a middle-market company with meaningful working capital needs above its asset base, and your experience structuring EV term loans alongside ABL revolvers seems directly relevant. Would you have 20 minutes in the next couple of weeks for an introductory call? I'd love to hear how you're structuring deals in this market and see whether there's a fit for a future transaction. Best, [Your Name]

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