CHICAGO – (BUSINESS WIRE) – May 11, 2021 –
Monroe Capital LLC (“Monroe”) today announced the closing of a $ 455 million term debt securitization known as Monroe Capital MML CLO XI, LTD. The term financing was Monroe’s sixth CLO since March 2018 and is secured by a portfolio of senior middle market secured loans.
Monroe sold securities rated AAA to BB. Monroe and its affiliates retained the majority of the subordinated notes as part of the transaction. BNP Paribas served as Lead Manager, Structuring Agent and Bookrunner. This transaction has been structured to meet and comply with both European risk retention guidelines and US risk retention guidelines.
“We enjoyed working with BNP Paribas on this CLO middle market. Our mid-market CLO portfolios have been resilient during the recent market dislocation and we are working diligently to maintain credit quality across the entire Monroe platform. We were pleased to welcome new investors to this mid-market CLO and we value our relationships with a growing group of regular investors, ”said Jeremy VanDerMeid, portfolio manager of Monroe. “We continue to see strong investor demand around the world as our mid-market CLOs provide a single entry point for investors to access the US mid-market.”
Monroe’s CLO platform has approximately $ 3.4 billion in assets under management (“AUM”) with 11 mid-market CLO vehicles and one largely syndicated CLO under management. Monroe has a proven track record of 14 years as a largely syndicated middle market and CLO manager with the same senior investment team and portfolio manager, having successfully gone through multiple credit cycles. Our ability to combine the directly sourced proprietary deal flow with traditional mid-market syndicated deals continues to create a unique and diverse portfolio for CLO investors. Additionally, Private Debt Investor recently recognized Monroe as the 2020 CLO Manager of the Year award. The company has approximately $ 9.7 billion in assets under management and a diversified private lending platform of over 25 vehicles comprising direct loans and opportunistic credit funds, publicly traded and private BDCs, separately managed accounts and CLOs.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a leading asset management company specializing in private credit markets through a variety of strategies including direct lending, asset lending, specialty finance, opportunistic lending and structured and actions. Since 2004, the company has successfully provided capital solutions to clients in the United States and Canada. Monroe prides itself on being a value-added and friendly partner for business owners, management, private equity and independent sponsors. Monroe’s platform offers a wide variety of investment products for institutional and high net worth investors, with a focus on generating high quality “alpha” returns, regardless of business or economic cycles. The company is headquartered in Chicago and has offices in Atlanta, Boston, Los Angeles, New York and San Francisco.
Monroe has been recognized by peers and investors with various awards including Private Debt Investor as 2020 Lower Mid Market Lender of the Year, 2020 Lender of the Year and 2020 CLO Manager of the Year, Americas; Creditflux as the best American direct lending fund 2020; Pension Bridge as the private credit strategy of the year 2020; and Global M&A Network as 2020 Lender of the Year in Small Intermediate Markets. For more information, please visit www.monroecap.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20210511005463/en/
CONTACT: Theodore L. Koenig
Monroe Capital LLC
[email protected] Collins
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: BANKING ADVICE FINANCING OF PROFESSIONAL SERVICES
SOURCE: Monroe Capital LLC
Copyright Business Wire 2021.
PUB: 05/11/2021 06:00 / DISC: 05/11/2021 06:02 AM
Copyright Business Wire 2021.