American Equity Investment Life Holding Company (NYSE: AEL), a leading provider of financial dignity services, commits $1B in strategic investment with Monroe Capital LLC, a boutique asset management firm, into Software, Technology and Recurring Revenue Strategy
The investment will center on Monroe Capital’s dedicated lending platform, geared towards Software, Technology and Recurring Revenue (STARR) loans. The focus going forward will be software and technology enabled combines that offer high return-on-investment software technology services for its customers.
“While we have been investing in technology for almost two decades, we are still early in the digital transformation for many companies, especially in the middle market,” added Zia Uddin, president of Monroe Capital. ” By partnering with American Equity, we have the ability to strengthen our industry leading scale in the space with a partner that understands the investable landscape as well.”