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Laxman Pai, Opalesque Asia: The Fund received $2.3 billion of limited partner commitments, plus targeted leverage of $1.1 billion. In addition, it received $1.4 billion from separately managed accounts, including leverage. The Fund is Monroe's largest fund to date, exceeding Monroe Capital Private Credit Fund III, which closed in November 2018 at $2.3 billion of investable capital.
The Fund primarily targets private equity sponsored and non-sponsored, lower middle-market U.S. companies with less than $35 million in EBITDA.
"The Fund will invest in private credit transactions originated and underwritten by Monroe. The investment strategy is focused primarily on senior secured loans and unitranche loans to private equity sponsored, independent sponsored, and non-sponsored lower middle-market companies diversified across multiple industries, located throughout the U.S. and Canada," said the release.
Fund investors are located throughout the U.S., Canada, Europe, Australia, South America, Asia, and the Middle East. Limited partners include leading public and private pension plans, insurance companies, universities, endowments, foundations, religious organizations, non-profits, sovereign wealth funds, family offices, and other institutional investors. In addition to the limited partner commitments, the Fund has secured term credit facilities to complement its available capital.
As of March 31, 2022, the Fund is actively seeking investment opportunities and has a...................... To view our full article Click here
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