Channel Partners Capital entered into a broad-based funding partnership with Monroe Capital. Under the terms of the deal, CPC secured a minority equity investment and closed a new three-year $50 million credit facility with Monroe.

Monroe is a leading fund manager and institutional investor with approximately $2.4 billion in assets under management. Monroe provides senior and junior debt and equity co-investments to both public and privately held middle market companies throughout the U.S. and Canada.

“Monroe 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 Capital. “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.”

Channel Partners established Channel Partners Capital in 2011 to hold working capital loans with terms of up to 24 months to a wide range of U.S. based small businesses with revenues typically ranging from $200,000 to $10 million.

“This transaction significantly expands Channel Partners Capital’s lending capacity and positions the firm to deploy substantial amounts of capital to the large, diverse and underserved small business market,” said Monroe Capital’s CEO Ted Koenig. “Our partnership is a direct result of Channel Partners’ successful track record, since 2009, of originating high quality working capital loans through its many relationships within the large and active equipment leasing and finance industry.”