CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) today announced it acted as sole lead arranger on the funding of a senior credit facility to support the refinancing of Caravel Autism Health (“Caravel”) and its future growth. Caravel is an existing portfolio company of Frazier Healthcare Partners.
Caravel provides center-based and home-based autism therapy, focused on the principles of ABA, with an emphasis on early intervention (age 18 months to 5 years). The company operates over 40 clinics in Wisconsin, Illinois, Minnesota, Washington, Iowa, and Idaho. Services include evaluation and diagnosis, treatment and therapy, and social skills training provided by a team of over 1,000 clinicians, including over 100 Board-Certified Behavioral Analysts (“BCBAs”).
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, New York, and San Francisco.
Monroe has been recognized by both its peers and investors with various awards including Global M&A Network as the 2021 Mid-Markets Lender of the Year, U.S.A.; Private Debt Investor as the 2020 Lower Mid-Market Lender of the Year, 2020 Lender of the Year, and 2020 CLO Manager of the Year, Americas; Creditflux as the 2020 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information, please visit www.monroecap.com.