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Monroe Capital in Joint Venture With Specialty Finance Company, Channel Partners

August 18, 2015, 07:02 AM
Filed Under: Lender Finance

Monroe Capital LLC announced it entered into a strategic joint venture relationship with Channel Partners, LLC (“Channel Partners”). In addition, Monroe acted as sole lead arranger and administrative agent for a $50 million senior credit facility to support the growth of Channel Partners.

Based in Maple Grove, Minnesota, Channel Partners is a leading provider of small business working capital loans. The firm delivers loans exclusively through partnerships with equipment leasing and finance companies. Since its founding in 2009, Channel Partners has originated over 3,000 loans generating loan receivables of over $150 million through these partnerships.

“Monroe Capital is a highly knowledgeable financial partner with substantial capital resources and deep relationships in the banking and asset management industries,” said Brad Peterson, CEO of Channel Partners. “We are very pleased to partner with them as we look to drive our focused loan origination strategy and grow our on-balance sheet funding activity.”

“The unique origination channel and the underserved market need attracted us to the transaction,” said Ted Koenig, President & CEO of Monroe. “The Channel Partners investment represents Monroe’s growing focus on the specialty finance business sector.”

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.

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