Monroe Capital, an active provider of senior and junior debt financing to middle-market businesses, has named Zia Uddin as its new president.
Mr. Uddin, who is currently a partner and institutional portfolio manager, will continue to report to Ted Koenig, who remains the firm’s chairman and CEO.
“Zia has been instrumental in establishing Monroe as a leader in the asset management industry and there is no one better suited for this role,” said Mr. Koenig. “Zia and I have worked together for over 14 years, and I am looking forward to working even more closely with him to execute on our strategy and achieve the goals we have set for the firm.”
As the president of Monroe, Mr. Uddin will oversee and implement Monroe’s long-term growth strategies and he remains a member of the firm’s investment committee, co-portfolio manager of institutional portfolios, and he will continue to be responsible for Monroe’s technology and software investments.
“I am humbled by the opportunity to build on Monroe Capital’s strong almost 20-year history of producing stable and consistent returns for our limited partners, as well as being an innovator in private credit asset management,” said Mr. Uddin. “Monroe’s 150 employees are extraordinary in what they do, and I am excited to be part of that collaboration.
“I want to thank the firm’s visionary founders – Ted Koenig, Mike Egan, and Tom Aronson – along with the other partners of the firm for giving me this opportunity,” added Mr. Uddin. “We have expanded from a lower middle market direct lender to an $11 billion global private credit asset manager that invests across many alternative asset classes including direct lending, alternative credit, real estate, equity, opportunistic and structured credit and CLOs.”
Monroe Capital (NASDAQ: MRCC) provides senior and junior debt financing to middle-market businesses, special situation borrowers and private equity sponsors. Investment types include unitranche financings; cash flow, asset-based and enterprise value-based loans; and equity co-investments.
“I am excited to continue our differentiated investment strategy and continue to provide “alpha” to our investment partners and clients focusing on the next phase of growth opportunities where we can set ourselves apart in a crowded industry,” concluded Mr. Uddin.
Monroe Capital was founded in 2004 and is headquartered in Chicago with additional offices in Atlanta, Boston, Los Angeles, Naples, New York, San Francisco and Seoul.
© 2021 Private Equity Professional | October 21, 2021