Daily News: October 14, 2016

Monroe Capital Closes Private Credit Fund II, Exceeds Target


Monroe Capital closed Monroe Capital Private Credit Fund II at $800 million of limited partner commitments. The fund invests credit transactions underwritten by Monroe Capital and focuses on secured and unitranche loans to middle market companies. The fund will have $1.5 billion of total investable capital.

The fund eclipsed its target of $600 million and is the largest fund raised in Monroe Capital’s 12-year history. The primary focus will be private equity-backed and non-sponsored companies in the U.S. and Canada.

According to Ted Koenig, president and CEO of Monroe Capital, “Private credit is an appealing area for institutional investors due to the ability to generate consistent yield in a yield starved world. Investors have many choices in this space, most of which are newly created firms over the last several years.

I am very pleased and proud that the sophisticated institutional investor and limited partner community has come to understand and appreciate the differentiated absolute returns and consistent risk adjusted returns that Monroe has been able to generate for them each and every year over a 12-year period, regardless of the business cycle or the economic environment.”