Monomoy Capital Partners has announced the final close of its latest private credit opportunities fund, raising a total of $500m (£380m) in commitments from global investors.
The Monomoy Credit Opportunities Fund III (MCOF III) represents more than 70 per cent growth over the firm’s second fund, which closed in 2023, according to the private investment firm managing over $5.3bn of assets.
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The fund invests in senior secured debt of mid-market industrial, consumer and business services companies.
MCOF III’s investor base includes hospital systems, university endowments, asset managers, public pension plans, foundations, and family offices.
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“Exceeding our target for MCOF III in just 10 months reflects strong investor support for our cycle-tested credit strategy,” said David Robbins, partner and head of credit strategies at Monomoy. “We’ve remained focused on our core sectors and true to the disciplined approach we established from the outset.”
The firm stated that MCOF III began deploying capital earlier this year.
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