Monroe Capital LLC (“Monroe”) today announced continued strong investment activity for 2022. The firm closed approximately $6 billion in new financing commitments across 115 separate transactions. Monroe’s assets under management increased by 29% to approximately $16 billion as of December 31, 2022. Across our investment vehicles, Monroe closed $4.8 billion of investable capital in new Direct Lending funds; $500 million in Opportunistic Fund I; and $960 million in two new middle market CLOs.
“I’m excited to announce our robust investment activity in 2022,” says Ted Koenig, Chairman and CEO of Monroe Capital. “We saw significant growth across our platform in verticals such as software and technology with $935 million in financing commitments across 20 transactions; healthcare with $910 million in financing across 11 transactions, opportunistic credit and real estate with $885 million in financing commitments across 19 transactions; and sports & media with $615 million in financing commitments across 11 transactions. We expanded our team by 30%, hiring an additional 60 people with a focus on underwriting and originations, middle and back office, marketing and investor relations. The second half of 2022 demonstrated the valuable role that private credit plays in keeping the M&A market functioning and liquid, even during periods of rising interest rates and high inflation. As we head into 2023, private credit will continue to be an important asset class to private equity sponsors, and institutional and high net worth investors alike.”
Since inception in 2004, the firm has invested over 1,700 investments involving over $33.0 billion of investment loans. Monroe is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic, real estate, structured credit, and equity.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic, real estate, structured credit, and equity. Since 2004, the firm has been successfully providing capital solutions to clients in the U.S. and Canada. Monroe prides itself on being a value-added and user-friendly partner to business owners, management, and both private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for both institutional and high net worth investors with a focus on generating high quality “alpha” returns irrespective of business or economic cycles. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Los Angeles, Miami, Naples, New York, San Francisco, and Seoul.
Monroe has been recognized by both its peers and investors with various awards including Private Debt Investor as the 2022 Lower Mid-Market Lender of the Year, 2022 CLO Manager of the Year, Americas; Global M&A Network as the 2022 Small Mid-Markets Lender of the Year, Americas; Creditflux as the 2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020 Private Credit Strategy of the Year. For more information and important disclaimers, please visit www.monroecap.com.
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Contacts
Theodore L. Koenig
Monroe Capital LLC
312-523-2360
tkoenig@monroecap.com
Daniel Abramson
BackBay Communications
857-305-8441
daniel.abramson@backbaycommunications.com