Daily News: September 12, 2013

Monroe Capital Expands Practice, Opens San Fran Office

Monroe Capital announced Patrick White and Mark Solovy joined the firm as managing directors and will lead the firm’s national technology practice. Patrick White will be based in the newly established San Francisco office.

“We are very excited to add Patrick and Mark to the Monroe Capital team,” said Ted Koenig, president & CEO of Monroe Capital. “The expansion of our technology sector is consistent with Monroe’s plans to broaden our services within the middle market. Patrick and Mark will be responsible for leading our national technology lending efforts in private equity and venture capital-sponsored and non-sponsored transactions. Both have extensive experience financing middle market companies in the technology sector.”

Prior to Monroe, Solovy was a managing director at Hercules Technology Growth Capital in the firm’s Palo Alto and Chicago offices. Solovy has over 15 years of private equity, venture capital, and investment banking experience in the technology industry. He earned his J.D. from the University of Pennsylvania Law School and his B.S. in Business Administration from the Olin Business School at Washington University in St. Louis.

Previously, White was a principal at H.I.G. WhiteHorse where he was responsible for its direct lending activities in the western United States. White has over 15 years of experience in technology finance, middle market finance and investment banking. His prior experience includes roles in principal finance and investment banking at American Capital, Wells Fargo Foothill and Houlihan Lokey. Patrick earned his B.A. in Economics from Washington and Lee University.