American firms target European private credit expansion in lower mid-market
US-based managers seek to capitalise on growing demand for European credit

Monroe Capital launches continuation vehicle process for Fund III loan portfolio
EXCLUSIVE: Monroe Capital is raising a continuation vehicle for a portfolio of loans originated out of its third flagship fund, according to two sources familiar with the matter; Fund III closed on USD 1.33bn in 2018

Monroe raises USD 6.1bn for senior direct lending
The firm held a final close for its Monroe Capital Private Credit Fund V and raised additional capital from separately managed accounts

Monroe launches direct lending fund for US retail investors
The latest nontraded BDC will offer quarterly liquidity windows via share repurchases

Venture debt specialist Horizon expands lending to listed, small cap companies
EXCLUSIVE: Horizon Technology Finance revamps its strategy by merging with Monroe’s other listed BDC and expanding its focus beyond traditional venture lending

Monroe launches client solutions group to build blended portfolios
EXCLUSIVE: The private credit firm is forming a team to build products that mix investments across strategies such as direct lending, CLOs, structured credit, venture and more

Monroe hires ex-Nuveen senior MD for head of capital formation
The new hire will lead Monroe’s fundraising strategy in the Americas

Monroe Capital Partners returns to primary market with first 2025 print
The deal’s upper mezz priced in line with earlier investor guidance, but the triple Bs priced notably wide, with the spread remaining unchanged from its pre-reset level

AXA IM Prime takes minority stake in Monroe Capital
AXA IM Prime used its GP stake strategy to invest in Monroe alongside the Wendel Group, which acquired a majority stake last year

Monroe knocks 103bps off triple-As in refinancing of middle-market CLO
Monroe Capital Partners has refinanced its Monroe Capital MML CLO XIV, a middle-market deal from two years ago, tightening the spread at the top of the stack dramatically

Monroe adapts and grows with new partner to face private credit ‘arms race’
Even as it celebrates its 20th anniversary, Monroe Capital is looking ahead to a private credit ‘arms race’ on the horizon that favours institutions of scale

Wendel announces purchase of majority stake in Monroe Capital
French investment firm Wendel announced on Tuesday it has agreed to acquire 75% of US private credit firm and CLO manager Monroe Capital for USD 1.13bn, as part of its planned expansion into third-party asset management.

Monroe selected by White House for new USD 1bn auto lending fund
Direct lender Monroe Capital is launching a White House-inspired USD 1bn institutional, closed-end fund to make direct loans to suppliers and manufacturers in the US automotive supply chain, the company announced.

Monroe Capital prices its first middle-market CLO of 2024
Monroe Capital Management Advisors' latest middle-market CLO has priced, falling just short of the tightest such AAA spread of the year

Chicago pension system allocates USD 40m to private credit
The Policemen's Annuity and Benefit Fund of Chicago approved two commitments to private credit totaling USD 40m at its 24 January meeting

Monroe Capital expands in Middle East with new hire and Abu Dhabi office
Monroe Capital has hired Waleed Noor as managing director and head of Middle East distribution, as private credit funds continue to target LPs in the region

Monroe Capital receives another commitment for flagship credit fund
Monroe Capital's Private Credit Fund V received a USD 10m allocation for its lower middle market direct lending strategy

Monroe Capital receives USD 5m commitment from Monroe County
Michigan-based pension organization Monroe County Employees' Retirement System approved a commitment to a Monroe Capital-managed private credit fund

CLO round-up: blinded by the tights
Secondary CLO spreads continued to grind tighter this week and, at last, the primary market began to follow in both the US and Europe

Monroe returns to CLO primary with first mid market deal of 2023
Monroe Capital Partners priced its first CLO in almost a year on Friday at a size of $399.2 million

Monroe Capital completes latest acquisition
Monroe Capital acquires venture debt lending firm for undisclosed amount. 

Mid market CLO league tables: February volumes exceed any 2022 month with Natixis setting the pace
New mid market CLO issuance totalled $3.5 billion in February, the highest monthly volume since November 2021

Recurring revenue ABS: meet the latest CLO variant
A new asset class is being added to Creditflux’s middle market CLO league tables with an increasing number of firms moving into recurring revenue ABS

CLOs at a glance (November 2022)
A listing of CLOs that have priced in the last month

Mid market CLO league tables: Golub gains ground on Blackstone with rare euro-tranche deal
Four managers - Blue Owl, Golub, Monroe and PennantPark - priced new issue mid market CLOs in September