Monroe Capital Closes New Direct Loan Fund Above Target
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Monroe Capital Closes New Direct Loan Fund Above Target

monroe nf4Monroe Capital has closed the Monroe Capital Senior Secured Direct Loan Fund LP, a $500 million leveraged loan fund that will invest in senior debt transactions originated and underwritten by Monroe Capital. The fund closed above its target of $400 million.

The new fund represents an expansion of Monroe Capital’s asset management platform and further extends the firm’s ability to serve its middle market and lower middle market client base. The fund received commitments from over 30 institutional investors in the US and Europe, including pension plans, insurance companies, endowments, foundations and wealth management firms. In addition to the limited partner commitments, the fund has secured a warehouse credit facility to complement its available capital.

The types of investments the new fund will make include senior secured, cash flow and enterprise value based senior and stretch senior, unitranche, second lien and last-out term loans to both private equity sponsored and non-sponsored middle market companies across a range of industries.

“The successful close of this fund, substantially over target, represents a strong endorsement of Monroe Capital’s expertise in the middle market and our track record as one of the leading asset managers in our space,” said Ted Koenig, President and CEO of Monroe. “We very much appreciate the confidence and support of our new limited partners and welcome them to the Monroe family of funds.”

Monroe Capital is a specialty finance company providing senior and junior debt and equity co-investments to middle-market companies. The firm was founded in 2004 and maintains offices in Chicago, Atlanta, Boston, Charlotte, Dallas, Los Angeles, New York and San Francisco (www.monroecap.com).

© 2014 PEPD • Private Equity’s Leading News Magazine • 1-8-14

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