Monroe Capital, a firm focused on middle-market and lower-middle market investments, has held a first close of its $250 million fund: Monroe Capital Partners Fund LP. Specific details of the close were not released. The new fund will provide senior and junior mezzanine debt and equity co-investments for private equity-sponsored deals, the firm said. Chicago-based Monroe Capital has more than $700 million under management.
Monroe Capital LLC, a private investment firm focused on investments in middle market and lower middle market companies, today announced the initial closing of its new $250 million fund, Monroe Capital Partners Fund LP.
The latest Monroe Capital fund will provide senior and junior/mezzanine debt and equity co-investments for private equity-sponsored and privately held businesses undergoing recapitalization, refinancing, acquisition and expansion. Investments will be made across a broad range of manufacturing, distribution and service industry segments, as well as woman-and-minority-owned businesses and companies located in underserved communities. Specific targets will include companies with strong management teams generating more than $3 million in annual EBITDA.
Monroe Capital, a firm with more than $700 million of assets under management, has been an active investor in the middle-market over the last seven years having invested more than $1.2 billion in over 260 transactions since 2004.
Limited partners in the new fund consist of a diverse group of leading pension funds, insurance companies, regional and money center banks, fund of funds, family offices and high net worth individuals.
Ted Koenig, President of Monroe Capital, said, “We are extremely pleased with the successful close of our new fund in a very challenging 2010 fundraising environment. We are very grateful for the support of our limited partners and look forward to building a long and mutually rewarding relationship with each of them. Our strategy of providing a total one-stop financing solution to lower middle-market companies differentiates Monroe from other finance companies and positions us well in the market to be a value-added strategic partner to both banks and our prospective clients .”
About Monroe Capital
Monroe Capital is a private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada. Investment types include one-stop financings, bridge loans, acquisition facilities, mezzanine debt, second lien or last-out loans, equity co-investments and acquisitions of distressed debt. Monroe Capital prides itself on its flexible investment approach and its ability to close and fund transactions quickly. Monroe is committed to being a value-added and user-friendly partner to owners, senior management and private equity sponsors. To learn more about Monroe Capital, visit www.monroecap.com.