Sponsor Finance

<br />Your Private Equity Partner for the Lower Middle Market


Your Private Equity Partner for the Lower Middle Market

Northwest Bank's Sponsor Finance team specializes in supporting private equity firms in the lower-middle market across the United States. Our focus is on acquisitions, recapitalizations, mergers, and growth investments, targeting businesses with EBITDA between $3M and $15M.

With over $1 billion in commitments and more than 200 transactions completed, our experienced team is committed to building strong, lasting partnerships with private equity-backed businesses.


Why Partner with Northwest Sponsor Finance?

Our team brings deep industry expertise and a commitment to efficient, strategic partnerships. With a focus on timely execution and customized lending solutions, we help private equity clients confidently navigate acquisitions, recapitalizations, and growth investments.

Experienced – Our team has financed over 200 lower-middle market businesses, successfully navigating multiple economic cycles and industries.

Strategic & Insightful – We take an analytical, partnership-driven approach, providing expertise tailored to private equity clients.

Efficient & Responsive – We understand the fast-paced nature of private equity deals and deliver thoughtful, timely feedback to meet your transaction timelines.

Industry Focus

While we maintain a generalist scope, we have deep experience in:

Business Services
Aerospace & Defense
Consumer Products & Services
Food & Beverage
Value-Add Distribution
Healthcare
Asset-Light Manufacturing
Industrial Services


Financing Solutions

We provide flexible financing structures tailored to your needs, including:

Deal Size & Structure

  • Loan sizes ranging from $5 million to $30 million per transaction
  • Term Facilities
  • Leveraged-Based Revolving Lines of Credit
  • Delayed Draw Term Loans

    Deal Types

    • Recapitalizations
    • Mergers & Acquisitions
    • Revolver-Only Structures

      Deal Partners

      • Private Equity Funds
      • Independent Sponsors
      • Family Offices

      Investment Criteria

      • Strong industry growth trends
      • Sustainable EBITDA margins >10%
      • Stable, profitable business models
      • Majority U.S.-based operations


      A Financially Strong & Reliable Partner

      With the substantial capital and financial resources of Northwest Bank, we provide the stability and expertise to support your strategic investment goals. Let’s build something great together. Connect with our team today.

      Dan Delgadillo, EVP

      Managing Director
      Northwest Bank
      Phone: 404-434-4020
      Dan.Delgadillo@northwest.com
      Dan Delgadillo serves as Executive Vice President & Managing Director at Northwest Sponsor Finance. He brings over 20 years of experience to Northwest with a background in cash flow lending and commercial banking. He was the co-founder and co-head of Byline Sponsor Finance. Before founding Byline Sponsor Finance, Dan was a Vice President with TCF Capital Funding, held the Interim President role with Mid America Bank, and was the Senior Vice President in charge of commercial lending. He began his career at Wells Fargo Bank. Dan is a graduate of Santa Clara University and resides in Columbus, Ohio with his wife and five children

      Bob Joyce

      Vice President
      Northwest Bank
      Phone: 847-220-2409
      Bob.Joyce@northwest.com
      Bob Joyce serves as Vice President of Originations at Northwest Sponsor Finance. Bob brings over 13 years of experience in lending to lower middle market businesses. Prior to joining Northwest Sponsor Finance, Bob was a Vice President at both Bell Capital Finance and TCF Capital Funding, where he was responsible for originating, structuring, and underwriting senior debt facilities for private equity led buyouts, recapitalizations, and add-on acquisitions. He began his career at Metropolitan Capital. Bob earned a bachelor’s degree from Northwestern University with a double major in Economics and Geography. He resides in Chicago with his wife and son.

      Matt Shehorn

      Director of Credit Management
      Northwest Bank
      Matt.Shehorn@northwest.com
      Matt Shehorn serves as Head of Underwriting & Portfolio Management at Northwest Sponsor Finance. Prior to joining Northwest Sponsor Finance, Matt was a Managing Director at Fidus Investment Advisors, LLC, the advisor to Fidus Investment Corporation, a publicly traded business development company with over $1.0 billion in assets under management.  While at Fidus, Matt invested across the capital structure, including senior debt, subordinated debt, and non-control equity securities within lower middle market businesses. Prior to Fidus, Matt was a Senior Associate with Allied Capital where he focused on subordinated debt and control equity investments. Prior to Allied, Matt was an analyst in Credit Suisse First Boston's Global Industrial & Services practice. Matt earned a bachelor of science degree in business administration from the University of Richmond and a master of business administration degree from the University of Chicago Booth School of Business. Matt resides in Chicago with his wife and two children.

      David Thompson

      Vice President
      Northwest Bank
      Dave.Thompson@northwest.com
      David Thompson serves as Vice President at Northwest Sponsor Finance, where he focuses on originating, analyzing, and underwriting new deal opportunities, as well as monitoring existing portfolio companies. Before joining Northwest Sponsor Finance, David was a Senior Associate at Northleaf Capital Partners where he focused on underwriting and executing middle market private credit investments across sponsor, non-sponsor and specialty finance verticals. Prior to Northleaf, David was an investment banking associate in Baird’s Global Industrial Group where he focused on executing sell-side M&A mandates as well as equity and debt capital raises on behalf of Sponsors. Prior to Baird, David held credit analyst positions in Citi Banks commercial asset-based lending group as well as Credit Suisse leveraged finance group. David graduated from the Pennsyvania State University with a major in Finance and minor in Economics. He resides in Chicago, Illinois with his wife and son.

      Derek Kuns

      Vice President
      Northwest Bank
      Derek.Kuns@northwest.com
      Derek Kuns serves as Vice President at Northwest Sponsor Finance, where he focuses on originating, analyzing, and underwriting new deal opportunities, as well as monitoring existing portfolio companies. Before joining Northwest Sponsor Finance, Derek was Vice President at Eads Bridge Holdings, an independent sponsor firm, overseeing new investment activity and portfolio company management. He has also worked in middle market direct lending with Comvest Credit Partners and Maranon Capital, and in investment banking with Houlihan Lokey’s Financial Restructuring Group. Derek graduated cum laude from the University of Notre Dame with a double major in Finance and Philosophy. He resides in Dublin, Ohio with his wife  

      Christopher Buehler

      Vice President
      Northwest Bank
      Christopher.Buehler@Northwest.com

      Chris Buehler serves as Vice President at Northwest Sponsor Finance where he focuses on originating, analyzing, and underwriting new deal opportunities, as well as monitoring existing portfolio companies. Chris has more than 15 years of diverse experience in banking, corporate development, commercial finance, and private equity. Prior to joining Northwest Sponsor Finance, Chris was previously with Nationwide as well as Stonehenge Partners, a lower middle market private equity firm in Columbus, Ohio. He has also held finance and banking roles with Procter & Gamble, Huntington Bank, and KeyBanc Capital Markets. Chris earned a bachelor’s degree in economics from The Ohio State University, and an MBA in Finance from OSU’s Fisher College of Business. He resides in Dublin, Ohio with his wife and two daughters.

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