Monroe Capital closes opportunistic private credit fund at $500 million | Business

CHICAGO–(BUSINESS WIRE)–May 11, 2022–

Monroe Capital LLC (“Monroe”) today announced the final closing of its Monroe Capital Opportunistic Private Credit Fund I (“Fund”) with approximately $500 million in investable capital, including targeted leverage. The Fund has limited partner commitments from more than 75 investors located in the United States, Asia, the Middle East and Europe. Aaron Peck and Kyle Asher, Managing Directors and Partners of Monroe, are co-heads of Monroe’s Opportunistic Private Credit Group.

The Fund received $286 million in sponsor commitments, plus targeted leverage of approximately $215 million.

The Fund invests in opportunistic and special-situation private credit transactions across multiple sectors, with an emphasis on directly generated and secondary asset-rich credit opportunities. The Fund’s focus areas include specialty finance, asset-intensive corporate lending, highly structured real estate lending, litigation finance, fund finance, NAV lending and secondary lending investments. The Fund is Monroe’s 31st investment vehicle since its inception in 2004. Investors in the Fund include leading public and private pension plans, insurance companies, foundations, non-profit organizations, family offices and other institutional investors.

Monroe’s opportunistic private credit group has generated more than $1.5 billion in investment commitments across 32 deals since launching the fund held primarily on the Monroe platform. This includes more than $280 million in investment commitments the Fund has made to date.

“We appreciate the support and interest of our global investor base for our opportunistic private credit strategy,” said Ted Koenig, president and CEO of Monroe. “This is a high return business that we have been pursuing for ten years. We continue to seek out niche areas to leverage our core competencies and proprietary sourcing capabilities to find attractive adjacencies in direct lending where we can generate discernible ‘alpha’ for our limited partner investors. We believe our opportunistic private credit strategy is the ultimate “all-weather” investment product. We have been able to generate differentiated and consistent risk-adjusted returns over the past 18 years, regardless of the business cycle or economic climate.

“Monroe’s opportunistic private credit strategy leverages the firm’s strong underwriting skills to focus on high-quality assets whose value is often masked by collateral complexity, market dislocations, nuances around existing credit structures or restricted access to more traditional capital markets,” said Aaron Peck, Portfolio Manager of the Fund. “We believe the timing for this Fund could not be better. We expect many high quality investment opportunities given the current direction of the economy as well as the liquidity needs of public and private markets.

Monroe is a leading asset management firm specializing in the private credit markets through various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit and equities. The firm manages approximately $14 billion in assets as of April 1, 2022. The firm has more than 160 employees, including an investment team of approximately 80 professionals specializing in research and transaction underwriting. Monroe has a national deal sourcing network of eight offices located across the United States and a proven investment discipline and strategy that has been tested over multiple economic cycles.

About Monroe Capital

Monroe Capital LLC (“Monroe”) is a leading asset management firm specializing in the private credit markets through various strategies, including direct lending, asset-based lending, specialty finance, opportunistic lending and structured and equity. Since 2004, the company has successfully provided capital solutions to clients in the United States and Canada. Monroe prides itself on being a value-added, friendly partner for business owners, management, and private and independent sponsors. Monroe’s platform offers a wide variety of investment products for institutional and high net worth investors with a focus on generating high quality ‘alpha’ returns regardless of business or economic cycles. The company is headquartered in Chicago with offices in Atlanta, Boston, Los Angeles, Miami, Naples, New York, San Francisco and Seoul.

Monroe has been recognized by both peers and investors with various awards, including Global M&A Network as 2022 Small Midsize Business Lender of the Year, Americas; Private Debt Investor as 2021 Senior Lender of the Year, 2021 Lower Middle Market Lender of the Year, Americas; Creditflux as Best US Direct Lending Fund 2021; and Pension Bridge as Private Credit Strategy of the Year 2020. For more information, please visit www.monroecap.com.

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CONTACT: Théodore L. Koenig

Monroe Capital LLC

312-523-2360

[email protected]

Marguerite Chase

Back Bay Communications

617-391-0790 ext. 123

[email protected]

KEYWORD: ILLINOIS UNITED STATES NORTH AMERICA

KEYWORD INDUSTRY: OTHER PROFESSIONAL SERVICES PROFESSIONAL SERVICES FINANCE

SOURCE: Monroe Capital LLC

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PUBLISHED: 05/11/2022 06:00 AM/DISC: 05/11/2022 06:02 AM

http://www.businesswire.com/news/home/20220511005363/en

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