Monroe Capital LLC has made a minority investment in Channel Partners LLC while also providing a $50 million loan to support the company’s growth. Maple Grove, Minnesota-based Channel Partners provides small business working capital loans.
CHICAGO–(BUSINESS WIRE)–Monroe Capital LLC (“Monroe”) today announced it entered into a strategic joint venture relationship with Channel Partners, LLC (“Channel Partners”). In addition, Monroe acted as sole lead arranger and administrative agent for a $50 million senior credit facility to support the growth of Channel Partners.
Based in Maple Grove, Minnesota, Channel Partners is a leading provider of small business working capital loans. The firm delivers loans exclusively through partnerships with equipment leasing and finance companies. Since its founding in 2009, Channel Partners has originated over 3,000 loans generating loan receivables of over $150 million through these partnerships.
“Monroe Capital is a highly knowledgeable financial partner with substantial capital resources and deep relationships in the banking and asset management industries,” said Brad Peterson, CEO of Channel Partners. “We are very pleased to partner with them as we look to drive our focused loan origination strategy and grow our on-balance sheet funding activity.”
“The unique origination channel and the underserved market need attracted us to the transaction,” said Ted Koenig, President & CEO of Monroe. “The Channel Partners investment represents Monroe’s growing focus on the specialty finance business sector.”
About Monroe Capital
Monroe Capital LLC is a leading 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, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. 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. Monroe has been recognized by Global M&A Network as the 2013 and 2014 Small Mid-Market Lender of the Year, Private Debt Investor as the 2013 Unitranche Lender of the Year and 2014 Senior Lender of the Year, and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. To learn more about Monroe Capital LLC, visit www.monroecap.com.