Freeport Financial, an investment manager that provides financing solutions to middle market companies, has announced the appointment of David Allen as a Managing Director focusing on investments in the healthcare sector.
With more than 19 years of experience as an investor in middle market companies, Allen joins Freeport from NXT Capital where he was a Managing Director responsible for healthcare investments. Before joining NXT Capital, he co-founded Freeport Financial in 2005. Allen rejoins Freeport with Joseph Gambino, Vice President, who also previously worked at NXT Capital and Freeport.
Josh Howie, Managing Director of Freeport Financial, said, 'In 2012, nearly $7 billion of loans were financed in the healthcare sector which represented a significant portion of middle market lending. We see this trend continuing in 2013 and believe our private equity clients will benefit significantly from Dave and Joe’s extensive middle market lending experience in the healthcare sector'.
Freeport Financial was acquired by Moelis & Company in 2012 to expand Moelis’s asset management platform and enable Freeport to benefit from the added resources and global reach of a larger organization. Since 2005, the Freeport team has invested $1.47bn in 79 middle market companies.