Monroe Capital LLC has closed its Monroe Capital Opportunistic Private Credit Fund I with about $500 million of investable capital, including targeted fund leverage. The Fund raised $286 million of limited partner commitments, in addition to targeted leverage of about $215 million.
The fund has partner commitments from over 75 investors globally. The fund invests in private credit transactions across industries, specializing in asset-rich directly originated and secondary credit opportunities. The fund invests in finance, asset-heavy corporate credit, real estate lending, and secondary investments in loans. The fund is Monroe’s 31st investment since it was founded in 2004.
Ted Koenig, Chairman and CEO of Monroe, said, “This is a high returning business that we have pursued for the last ten years. We continue to search for specialized areas to leverage our core competencies and our proprietary sourcing capabilities to find attractive adjacencies in direct lending where we can generate discernable “alpha” for our limited partner investors. We believe our Opportunistic Private Credit strategy is the ultimate “all-weather” investment product.”