Monroe collects $4.8 billion for fourth US direct lending fund
Monroe Capital has closed its latest US direct lending fund with $4.8 billion of investable capital, which includes $2.3 billion in commitments, $1.1 billion of leverage and $1.4 billion from managed accounts

Mid market CLO sales explode with BlackRock, Churchill and Monroe printing deals
Middle market CLO sales flared on Friday, with managers pricing three deals worth a combined $1.2 billion

Monroe prints first reinvesting mid market CLO linked to Sofr
Monroe Capital has become the second middle market CLO issuer to print a new deal in 2022 by teaming up with Deutsche Bank on Wednesday to print Monroe Capital MML CLO XIII at $456.5 million

CLO pipeline: biggest managers come to market as Rockford Tower sets sight on CBO
The Sofr-era of CLOs is well and truly upon us judging by the pipeline, with 14 US CLO managers marketing their first Sofr CLOs. and six European CLO managers are locked in a race to bring the first new issue of 2022

Monroe markets first reinvesting middle market CLO linked to Sofr
Monroe Capital has launched a new middle market CLO with Deutsche Bank, which is believed to be the first reinvesting mid market deal linked to Sofr

US pensions assign $1.5 billion to 16 credit managers in December
US public pensions rounded off 2021 by gifting credit managers around $1.5 billion in commitments, according to documents seen by Creditflux

American Equity mandates $1 billion to Monroe for software and tech lending
American Equity Investment Life has awarded $1 billion to Monroe Capital for its technology lending platform focusing on middle market software, technology and recurring revenue

Credit funds at a glance (November 2021)
A round up of fundraising and people moves in credit

LP round up: no Stoptober as investors allocate $5 billion to credit
US institutional investors allocated $5 billion to credit funds in October, with Oak Hill and Pimco among the biggest mandates    

CIFC, Generate and Monroe secure combined $1.3 billion CLO resets
CIFC Asset Management, Generate Advisors and Monroe Capital each reset a CLO on Monday with the three deals amounting to $1.34 billion

Monroe promotes PM as CEO Koenig drops president title
Monroe Capital has promoted a partner and portfolio manager to president. Ted Koenig remains the firm’s chairman and CEO

Credit funds at a glance (October 2021)
A round up of fundraising and people moves in credit

CSAM regains best manager throne
Upstart CLO managers overtook more experienced rivals at last year’s Creditflux Manager Awards, but CSAM and other large firms, such as PGIM, emerged victorious in London this time around

Credit Fundraising: September breaks 2021 record and poses question - is it sustainable?
The third quarter ended with $36.5 billion being raised in credit last month, doubling July and August figures. Several of the new funds have embedded Sustainable Finance Disclosure Regulation or ESG criteria at the heart of their investment thesis   

Monroe hires head of Asia as it opens Seoul office
US private credit firm Monroe Capital has hired a head of Asia to expand its presense in the region

Monroe holds $1.3 billion fourth close on US direct lending fund
The fund, which is targeting $1.5 billion, is anticipated to hold a final close above that target before the end of this year

SMBC Nikko builds on CLO momentum with mid market deal for Monroe
SMBC Nikko has picked up its third CLO credit this year

Monroe adds investor relations specialist from DWS
Monroe Capital has hired in its marketing and investor relations team

Monroe issues first CLO since Bonaccord equity deal
Monroe Capital has priced its first new CLO in nine months, issuing a $455 million middle market transaction named Monroe Capital MML CLO XI

CLO pipeline: Carlyle eyes fourth new issue in two months but refis and resets dominate
Manager focus has shifted to reworking vintage CLOs to lower funding costs in a much tighter market, with the new issue US market having slowed

Mid-market CLO manager sells minority stake to Aberdeen Standard division
A $10 billion US mid-market private credit firm has sold a passive minority equity stake to Bonaccord Capital Partners

LP round-up: investors gift private debt and leveraged loan RFPs over holiday season
2020 ended on a strong note with four institutional investors increasing asset allocation to private debt or initiating private debt and leveraged loan searches. ArrowMark, Banner Ridge, BBAM, HIG Whitehorse, Monroe and Rialto were also awarded mandates

LP round up: Monroe and Angelo Gordon beat 25 for direct lending mandate, as private credit plans brew
US public pension funds have disclosed $1.2 billion in commitments to credit focused strategies

Monroe sets $1.5 billion target for fourth lower mid-market direct lending fund
The Chicago-headquartered manager is targeting $1.5 billion for Monroe Capital Private Credit Fund IV. The vehicle held a $276.2 million first close last month