Monroe Capital LLC said Jan. 30 that it has established an independent sponsor finance vertical. Brad Bernstein, Chris Larson and Zia Uddin, out of Monroe’s Chicago office, will lead the vertical.
PRESS RELEASE
Chicago, IL, January 30, 2018 – Monroe Capital LLC (“Monroe”) today announced it has established an Independent Sponsor Finance vertical. Brad Bernstein, Chris Larson and Zia Uddin will lead the vertical, based out of the firm’s Chicago office. Brad, Chris and Zia have an average of over 20 years’ experience in private equity and independent sponsor finance.
The Independent Sponsor Finance vertical focuses on providing comprehensive “one-stop” solutions for independent sponsors seeking both debt and equity financing for acquisitions, mergers, business combinations and recapitalizations. In the last few years, Monroe funded 12 transactions involving over $300 million of debt and equity capital to independent sponsors. Our team has a broad investment mandate and prides itself on its ability to move quickly and efficiently on new opportunities. The Independent Sponsor Finance vertical complements our existing healthcare, technology, media, specialty finance, and retail and consumer products asset based lending focused verticals.
In 2017, Monroe financed 77 direct lending investment transactions, involving over $2.0 billion of new capital deployed. Monroe manages in excess of $5.2 billion in various funds including private credit funds, separately managed accounts (SMAs), a publicly-traded BDC and other fund vehicles.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a private credit asset management firm specializing in direct lending and special situations investing. Since 2004, the firm has provided private credit solutions to borrowers in the U.S. and Canada. Monroe’s middle market lending platform provides senior and junior debt financing to businesses, special situation borrowers, and private equity sponsors. Investment types include unitranche financings; cash flow, asset based and enterprise value based loans; and equity co-investments. Monroe is committed to being a value-added and user-friendly partner to business owners, senior management, and private equity and independent sponsors. The firm is headquartered in Chicago and maintains offices in Atlanta, Boston, Dallas, Los Angeles, New York, and San Francisco. Monroe has been recognized by Global M&A Network as the 2017 Small Middle Markets Lender of the Year; Private Debt Investor as the 2016 Lower Mid-Market Lender of the Year; M&A Advisor as the 2016 Lender Firm of the Year; and the U.S. Small Business Administration as the 2015 Small Business Investment Company (SBIC) of the Year. For more information, please visit monroecap.com.
Source: https://www.pehub.com/2018/01/monroe-capital-launches-independent-sponsor-finance-vertical/
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