Monroe Capital LLC said Thursday that it has hired Mark Sturrock, who will lead its origination efforts in Canada. He will be based in Toronto. Previously, Sturrock was a Senior Managing Director at Salus Capital Partners LLP.
Chicago, IL, October 29, 2015 – Monroe Capital LLC today announced that it is expanding its presence and coverage in Canada with the addition of Mark Sturrock, who will lead its origination efforts in Canada. Mark will be based in Toronto.
“We are very excited to have Mark as part of the Monroe Capital team,” said Ted Koenig, President & CEO of Monroe Capital. “The expansion of our product offering in Canada is consistent with our plan to deepen our presence in the middle market throughout North America. Mark will be responsible for leading the firm’s Canadian lending efforts in private equity sponsored and non-sponsored transactions.”
Prior to Monroe, Mark was a Senior Managing Director at Salus Capital Partners LLP, Senior Director & Team Leader at Canadian Imperial Bank of Commerce and Director of Originations & Senior Vice President at Wells Fargo Foothill Canada, following 21 years at Royal Bank of Canada. Mark has nearly 30 years of experience in the Canadian debt market, asset based lending, commercial lending and international trade. He earned his B.A. in Business Economics from Brock University in St. Catharines, Ontario.
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, asset 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.