Chicago, IL-based Monroe Capital held the final close of Monroe Capital Private Credit Fund II LP, at $800 million of limited partner commitments.
When combined with target fund leverage, the fund will have approximately $1.5 billion of total investable capital or buying power.
The fund invests in private credit transactions originated and underwritten by Monroe Capital. The investment strategy is focused primarily on senior secured loans and unitranche loans to private equity sponsored and non-sponsored middle market companies located throughout the U.S and Canada.
This fund, Monroe Capital’s eleventh investment vehicle since its founding in 2004, received commitments from over 20 new institutional investors located in the U.S. and Europe, including leading public and private pension plans, insurance companies, universities, endowments, foundations, religious organizations, hospitals, non-profits, sovereign wealth funds, family offices and other institutional investors. In addition to the limited partner commitments, it has secured term credit facilities to complement its available capital.
Led by Ted Koenig, President and CEO, Monroe Capital is a $3.6 billion private credit asset manager a provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments.
It has 70 employees, inclusive of an investment team of approximately 45 professionals with an average of 17 years of credit, private equity, and investment experience, and a national transaction sourcing network of eight offices located through the U.S.