Monroe Capital has closed its $730.7m (£558m) Monroe Capital PCL CLO I, marking its third CLO transaction in 2025.
The CLO is secured by a portfolio of lower and traditional middle market senior secured loans. The issued debt tranches were rated from AA through BBB-, with Monroe and its affiliates retaining a majority of the subordinated notes.
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The transaction was structured in accordance with risk retention guidelines across the United States, the United Kingdom, and Europe, and BNP Paribas acted as the initial purchaser and placement agent.
“This transaction underscores the evolution of Monroe’s private credit platform with its first private credit CLO and our continued leadership in delivering creative capital solutions across the lower and middle markets,” said Zia Uddin, president of Monroe Capital.
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“We are grateful to BNP for their partnership and execution on a complex transaction, and to our investors for their continued trust and support as we expand Monroe’s presence in the private credit space.”
Monroe’s CLO platform now manages over $4.5bn assets.
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