American Equity and Monroe Capital closed on a $1 billion investment in Monroe Capital’s dedicated technology lending platform focusing on middle-market software, technology and recurring revenue loans originated and underwritten by Monroe.
Monroe Capital named Zia Uddin president. Uddin, who is a partner and portfolio manager of institutional portfolios for the firm, will continue to report to Ted Koenig, who will remain the firm’s chairman and CEO.
Sweta Chanda joined Monroe Capital as managing director and head of business strategy based in the firm’s New York office. She will be responsible for firmwide strategy, product and corporate development and new initiatives to expand Monroe’s global footprint.
Creditflux, a London-based publication and information source for the market for credit funds and CLOs, selected Monroe Capital as the recipient of its 2021 Best U.S. Direct Lending Fund award.
Monroe Capital expanded its platform to Asia with the appointment of Alex Kim, as managing director and head of Asia. The newly opened office in Seoul, South Korea reflects Monroe’s commitment to expanding its business in Asia.
Global M&A Network recognized Monroe Capital as the Mid-Markets Lender of the Year at the U.S.A. M&A Atlas Awards Gala on May 26.
Monroe Capital, Oak Hill Advisors and Barclays Bank, acting as administrative agent, closed a $325 million credit facility to support Vertical Bridge REIT’s merger with Eco-Site and the combined company’s future development of build-to-suit locations in the United States.
Monroe Capital became a signatory to the United Nations-supported Principles for Responsible Investment, which works to understand investment implications of environmental, social and corporate governance factors.
Monroe Capital received three Private Debt Investor awards, including the 2020 Lower Mid-Market Lender of the Year, Lender of the Year and CLO Manager of the Year awards in the Americas.
Monroe Capital sold a passive minority equity stake to Bonaccord Capital Partners, a division of Aberdeen Standard Investments. Terms of the investment were not disclosed.