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Monroe Capital Closes $500MM Direct Loan Fund

January 08, 2014, 07:56 AM
Filed Under: Industry News

Monroe Capital announced the closing of 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 LLC.  The fund was successfully closed above its $400 million target.  Loan types 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 wide range of industries.
The 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 U.S. 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 significant term warehouse credit facility to complement its available capital.
According to Ted Koenig, President and CEO of Monroe, “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.  We very much appreciate the confidence and support of our new limited partners and welcome them to the Monroe family of funds.”
Monroe Capital was formed in 2004 and has been a consistent and reliable provider of transactional debt financing both pre and post credit crisis.  The firm maintains offices in Chicago, Atlanta, Boston, Charlotte, Dallas, Los Angeles, New York and San Francisco.
Monroe Capital is a private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments.

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