Monroe Capital Finally Launches BDC At $75M


  • Nineteen months after initial filing
  • New vehicle for leveraged lending
  • First downsized, then upsizedhttp://cmswebvision.tfn.com/CMS/storyEdit.aspx?storyCode=21049195#

Monroe Capital Corp., the long-gestating business development company backed by Chicago lender Monroe Capital LLC, raised $75 million in an initial public offering Wednesday, pricing five million shares at $15 per share.

The final offering was half the size that Monroe Capital had planned when it announced its plan in March 2011 to launch the BDC. “It’s a tough market,” Theodore L. Koenig, the president and chief executive officer of the firm, ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.