Monroe Capital has announced the final close of its fifth private credit fund, raising $6.1bn (£4.5bn) of investable capital.
According to the Chicago-based manager, which oversees $23bn in assets, this is Monroe’s largest private credit vehicle to date and follows its fourth private credit fund, which closed in April 2022 with $4.8bn of investable capital.
Monroe Capital Private Credit Fund V provides senior secured financing solutions to private equity lower middle-market US companies with approximately $35m or less in EBITDA.
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“The successful close of Fund V reflects the continued confidence our global institutional investor base has in Monroe’s tenured direct lending platform, disciplined underwriting culture, and long-term performance across market cycles,” said Zia Uddin, president of Monroe Capital. “With this capital, we are well positioned to continue delivering consistent performance in a target segment where many limited partners are seeking increased diversification and exposure.”
Of the total $6.1bn of capital raised, $2.8bn came from institutional limited partner commitments, $1.5bn from targeted leverage and $1.8bn from separately managed accounts, Monroe said.
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As of December 2025, the fund had committed more than $3.2bn to over 130 borrowers.
The manager said the investor base for its fifth fund comprised 90 global institutions, including public and corporate pension plans, insurance companies, sovereign wealth funds, foundations, endowments, family offices and other institutional investors across 18 countries.
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