Monroe Capital has closed a $426.6m (£318.2m) collateralised loan obligation (CLO).
Monroe Capital MML CLO XVIII marks the fourth CLO issuance from the private credit investment manager’s platform within the past 12 months.
Chicago-headquartered Monroe said the transaction features investment-grade debt tranches rated AAA through BBB-, with Société Générale acting as lead arranger for the debt securitisation.
Read more: NorthWall Capital hires head of capital markets and CLO business from Permira
“Strong demand from our sophisticated global investor base, complemented by meaningful participation from new institutional partners, affirms the enduring strength of Monroe’s differentiated middle market credit strategy,” said Zia Uddin, president of Monroe Capital. “Our institutional-grade underwriting discipline, rigorous portfolio oversight, and exclusive access to proprietary, directly originated opportunities continue to deliver superior, risk-adjusted performance for our investors.”
Read more: Permira Credit prices Menlo CLO V at $428.1m
Monroe’s CLO franchise now manages more than $4.4bn in assets across both the middle market and broadly syndicated CLO strategies.
Overall, the firm has more than $24bn in assets under management across its private markets platform.
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