Monroe Capital Closes $561.8 Million Collateralized Loan Obligation XVI
29 Julio 2024 - 5:00AM
Business Wire
Monroe Capital LLC (“Monroe”) today announced the closing of a
$561.8 million term debt securitization known as Monroe Capital MML
CLO XVI, LTD. The term financing was Monroe's fourth CLO completed
since 2022 and is secured by a portfolio of middle market senior
secured loans.
Monroe sold securities rated from AAA through BB-. Monroe and
its affiliates retained a majority of the subordinated notes in the
transaction. BNP Paribas served as the Lead Manager, Placement and
Structuring Agent, and Bookrunner, with Capital One acting as
Co-Placement Agent. This transaction was structured to meet and
comply with both the European risk retention guidelines as well as
U.S. risk retention guidelines.
“We were pleased with both BNP Paribas and Capital One on the
execution on this recent middle market CLO transaction. We are
thankful for the strong support we received from our repeat
investor base while also welcoming several new investors to our
platform as we’ve observed and capitalized on a widening global
investor base for CLO liabilities,” said Chris Enas, Deputy CLO
Portfolio Manager of Monroe. “Our commitment to focusing on
proprietary, directly originated middle market transactions,
coupled with our differentiated investment approach to underwriting
and portfolio management, enable us to continue to create
significant value for all of our stakeholders.”
Monroe’s CLO platform has over $4.5 billion in assets under
management (“AUM”) with 14 middle market CLO vehicles. Monroe has a
proven 20-year track record as both a middle market and broadly
syndicated CLO manager with the same senior investment team and
portfolio manager, having successfully navigated multiple credit
cycles.
This year, Monroe was recognized as the 2023 CLO Manager of the
Year, Americas by Private Debt Investor.
As of July 1, 2024, Monroe has $19.5 billion in AUM and a
diversified private credit platform of 35+ vehicles comprised of
direct lending and opportunistic credit funds, venture debt,
publicly traded and private BDCs, separately managed accounts, and
CLOs.
About Monroe Capital
Monroe Capital LLC (“Monroe”) is a premier asset management firm
specializing in private credit markets across various strategies,
including direct lending, technology finance, venture debt,
opportunistic, structured credit, real estate and equity. Since
2004, the firm has been successfully providing capital solutions to
clients in the U.S. and Canada. Monroe prides itself on being a
value-added and user-friendly partner to business owners,
management, and both private equity and independent sponsors.
Monroe’s platform offers a wide variety of investment products for
both institutional and high net worth investors with a focus on
generating high quality “alpha” returns irrespective of business or
economic cycles. The firm is headquartered in Chicago and maintains
10 offices throughout the United States and Asia.
Monroe has been recognized by both its peers and investors with
various awards including Private Debt Investor as the 2023 Lower
Mid-Market Lender of the Decade, 2023 Lower Mid-Market Lender of
the Year, 2023 CLO Manager of the Year, Americas; Inc.’s 2023
Founder-Friendly Investors List; Global M&A Network as the 2023
Lower Mid-Markets Lender of the Year, U.S.A.; DealCatalyst as the
2022 Best CLO Manager of the Year; Korean Economic Daily as the
2022 Best Performance in Private Debt – Mid Cap; Creditflux as the
2021 Best U.S. Direct Lending Fund; and Pension Bridge as the 2020
Private Credit Strategy of the Year. For more information and
important disclaimers, please visit www.monroecap.com.
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Zia Uddin Monroe Capital LLC 312-523-2374
zuddin@monroecap.com
Daniel Abramson BackBay Communications 857-305-8441
daniel.abramson@backbaycommunications.com