CHICAGO--(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.
