Monroe Capital announces final close of Private Credit Fund II LP

By Tali Rackner

Norfolk, Va., Oct. 13 – Monroe Capital LLC announced the final close of Monroe Capital Private Credit Fund II LP at $800 million of limited partner commitments, eclipsing the fund target of $600 million, according to a press release.

When combined with target fund leverage, the fund will have about $1.5 billion of total investable capital or buying power, the largest fund raised in Monroe Capital’s 12-year firm history.

The fund invests in private credit transactions originated and underwritten by Monroe Capital, the release said. The investment strategy is focused primarily on senior secured loans and unitranche loans to private equity sponsored and non-sponsored middle market companies located throughout the United States and Canada.

This fund is Monroe Capital’s 11th investment vehicle since its founding in 2004. It received commitments from more than 20 new institutional investors located in the U.S. and Europe.

In addition to the limited partner commitments, the fund obtained term credit facilities to complement its available capital, according to the release.

Monroe Capital is a Chicago-based private investment firm providing senior and junior debt and equity co-investments to middle-market companies in the United States and Canada.

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