Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a $36 million unitranche credit facility to support the acquisition of Virtium by private equity sponsor, L Squared Capital Partners.
 
Founded in 1997 and based in Rancho Santa Margarita, California, Virtium is a leading provider of customized, ruggedized, and highly engineered industrial memory and embedded solid state drive products to the industrial market. In recent years, the company has experienced significant growth as a result of increasing demand for highly customized memory and storage products. 
 
Monroe Capital LLC is a leading provider of 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.