Monroe Capital has launched a corporate lending fund aimed at retail investors.
The Monroe Capital Enhanced Corporate Lending (MLEND) Fund will provide senior secured loans to lower-middle-market companies.
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The $22bn (£16.5bn) alternative asset manager said the perpetual-life, continuously offered fund, which is designed to offer retail investors access to Monroe’s direct lending strategy, will target sectors including technology and software, business services and healthcare.
“With MLEND, we are broadening access to our direct lending strategy, offering institutional-quality investments with lower minimums and flexible liquidity,” said Zia Uddin, president of Monroe Capital. “We believe the current market environment presents compelling opportunities for private credit investors, and MLEND is designed to deliver diversification, stability and attractive risk-adjusted returns.”
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Monroe Capital specialises in private credit across a range of strategies, including direct lending, technology finance and venture lending. The firm has completed more than 2,250 transactions representing approximately $52bn in total financing volume since inception.
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