Monroe Capital has established an independent sponsor finance vertical to focus on providing both debt and equity financing for acquisitions, mergers, business combinations and recapitalizations initiated by independent sponsors.
In the last few years, Monroe has funded 12 transactions involving over $300 million of debt and equity capital to independent sponsors. The new group will be based in Chicago and will be led by managing directors Brad Bernstein, Chris Larson and Zia Uddin. Mr. Bernstein joined Monroe in 2017 from Chicago-based private equity firm SE Capital. Mr. Larson also joined Monroe in 2017 after 5 years at Willis Stein & Partners. Mr. Uddin has been with Monroe since 2007.
Monroe provides senior and junior debt and equity co-investments to middle market and lower middle market companies based in the US and Canada. The firm is led by Theodore Koenig, President and CEO; Michael Egan, EVP & Chief Credit Officer; and Thomas Aronson, Managing Director, Head of Originations. Monroe has approximately 90 professionals including 50 investment professionals averaging over 17 of direct investing experience.
The independent sponsor finance vertical will complement Monroe’s existing healthcare, technology, media, specialty finance, and retail and consumer products asset-based lending focused verticals.
Monroe has $5.2 billion of committed and managed capital under management. In 2017, the firm financed 77 direct lending investment transactions, involving over $2 billion of new capital. Monroe was founded in 2004 and is headquartered in Chicago with additional offices in New York, Los Angeles, San Francisco, Atlanta, Boston, and Dallas (www.monroecap.com).
© 2018 Private Equity Professional | January 30, 2018