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Monroe Capital Hires Sturrock, Expands Coverage in Canada

October 29, 2015, 08:02 AM

Monroe Capital LLC announced that it is expanding its presence and coverage in Canada with the addition of Mark Sturrock, who will lead its origination efforts in Canada. Mark will be based in Toronto.
“We are very excited to have Mark as part of the Monroe Capital team,” said Ted Koenig, President & CEO of Monroe Capital. “The expansion of our product offering in Canada is consistent with our plan to deepen our presence in the middle market throughout North America. Mark will be responsible for leading the firm’s Canadian lending efforts in private equity sponsored and non-sponsored transactions.”
Prior to Monroe, Sturrock was a Senior Managing Director at Salus Capital Partners LLP, Senior Director & Team Leader at Canadian Imperial Bank of Commerce and Director of Originations & Senior Vice President at Wells Fargo Foothill Canada, following 21 years at Royal Bank of Canada. He has nearly 30 years of experience in the Canadian debt market, asset-based lending, commercial lending and international trade. Sturrock earned his B.A. in Business Economics from Brock University in St. Catharines, Ontario.
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, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments.

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