Monroe Capital Closes Inaugural $315 Million Collateralized Fund Obligation

CHICAGO--(BUSINESS WIRE)--Monroe Capital LLC (“Monroe”) today announced the closing of its inaugural collateralized fund obligation (“CFO”) known as Monroe Capital CFO I, Ltd. The $315 million CFO provides investors access to a diversified portfolio of Monroe’s strategies, including Monroe’s flagship senior secured direct lending and alternative credit solutions platforms, in both rated and non-rated securities.

Seth Friedman, Head of Structured Solutions for Monroe said, “We are thrilled to close our first CFO which provides investors exposure to Monroe’s lending platform through a single offering. We appreciate the support and confidence shown to us by our investors.”

Zia Uddin, President of Monroe said, “The structured credit fixed-income market is a $12 trillion market. Monroe has participated in this market through our Collateralized Loan Obligation vehicles (CLO), asset-backed securitizations (ABS) and now through our inaugural CFO. All these products have been part of our 20-year history of offering investors access to high yielding, scalable, floating-rate investments. The capital efficient structure of this CFO allows investors, such as insurance companies and other rating focused investors, a bespoke solution to our entire investment platform tailored to their unique investment needs.”

Jefferies served as the Lead Structuring Agent and Sole Placement Agent of the transaction, with Carlyle as the Structuring Advisor, and Dechert LLP served as legal advisor to Monroe.

As of October 1, 2024, Monroe has $19.4 billion in AUM and a diversified private credit platform of 45+ vehicles comprised of direct lending and alternative credit solution funds, venture debt, publicly traded and private BDCs, separately managed accounts, and CLOs.

About Monroe Capital

Monroe Capital LLC (including its subsidiaries and affiliates, together “Monroe”) is a premier asset management firm specializing in private credit markets across various strategies, including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate 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 10 offices throughout the United States and Asia.

Monroe has been recognized by both its peers and investors with various awards including Inc.’s 2024 Founder-Friendly Investors List; Private Debt Investor as the 2023 Lower Mid-Market Lender of the Decade, 2023 Lower Mid-Market Lender of the Year, 2023 CLO Manager of the Year, Americas; Global M&A Network as the 2023 Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the 2022 Best CLO Manager of the Year; Korean Economic Daily as the 2022 Best Performance in Private Debt – Mid Cap; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.