Monroe Capital LLC has closed its second credit fund, called Monroe Capital Private Credit Fund II LP, at $800 million. CEO Ted Koenig tells Mergers & Acquisitions the fund is approximately 30 percent invested.
Fund II exceeded its $600 million fundraising target and will have approximately $1.5 billion in investable capital once combined with the firm’s undisclosed credit facility. The lender will target companies across a variety of industries that have between $3 million and $30 million in Ebitda. The fund has made several investments, including companies such as: Mitchell Gold and Bob Williams Furniture Co., a maker and retailer of home-furnishings; Pure Barre, a fitness and pilates studio for women; Interior Logic, a producer and seller of interior design products; Output Services Group, a billing and invoice professional services company; Familia Dental, a general dentistry and orthodontics company with offices in the Midwest and Southern U.S.; and furniture company Twin Star International.