CHICAGO–(COMMERCIAL THREAD) – Monroe Capital LLC (âMonroeâ) today announced the closing of a $ 505 million term debt securitization known as Monroe Capital MML CLO XII, LTD. The term financing was Monroe’s seventh CLO since March 2018 and is secured by a portfolio of senior middle market secured loans.
Monroe sold securities rated AAA to BB. Monroe and its affiliates retained the majority of the subordinated notes as part of the transaction. SMBC has been a leader, structuring agent and bookrunner, with Raymond James as co-manager. This transaction was structured to meet and comply with both European risk retention guidelines and US risk retention guidelines.
âThis was our first mid-market CLO with SMBC as lead arranger and we were very pleased with the execution. We received a very strong demand from new and existing investors around the world and we increased the transaction to $ 505 million, âsaid Jeremy VanDerMeid, portfolio manager of Monroe. âWe continue to see improved credit metrics across our portfolios and look forward to steady growth in our mid-market CLO platform. ”
Monroe’s CLO platform has over $ 3.7 billion in assets under management (âAUMâ) with 12 mid-market CLO vehicles, including one largely syndicated CLO under management. Monroe has a proven track record for 15 years as a mid-market CLO manager and widely syndicated with the same senior investment team and portfolio manager, having successfully gone through multiple credit cycles. Our ability to combine directly generated proprietary deal flows with traditional mid-market syndicated deals continues to create a unique and diverse portfolio for CLO investors. Additionally, Private Debt Investor recently awarded Monroe the 2020 CLO Manager of the Year award.
The company has approximately $ 10.3 billion in assets under management and a diversified private lending platform of more than 25 vehicles comprised of direct lending and opportunistic lending funds, publicly traded BDCs and private, separately managed accounts and CLOs.
About Monroe Capital
Monroe Capital LLC (âMonroeâ) is a leading asset management company specializing in private credit markets through a variety of strategies including direct lending, asset-based lending, specialty finance, opportunistic and structured lending. and actions. Since 2004, the company has successfully provided capital solutions to clients in the United States and Canada. Monroe prides itself on being a value-added and friendly partner for business owners, management and private and independent sponsors. Monroe’s platform offers a wide variety of investment products for institutional and high net worth investors, with a focus on generating high quality ‘alpha’ returns regardless of business or economic cycles. . The company is headquartered in Chicago and has offices in Atlanta, Boston, Los Angeles, Naples, New York, San Francisco and Seoul.
Monroe has been recognized by both peers and investors with various awards, including Creditflux as the best direct lending fund in the US in 2021; Global M&A Network as 2021 Mid-Market Lender of the Year, United States; Private Debt Investor as 2020 Lower Middle Market Lender of the Year, 2020 Lender of the Year and 2020 CLO Manager of the Year, Americas; and Pension Bridge as Private Lending Strategy of the Year 2020. For more information, please visit www.monroecap.com.