Monroe bolsters healthcare team

Monroe Capital has appointed a new managing director to its Chicago office.

Chicago-based private debt firm Monroe Capital has hired Matthew Evans from healthcare-focused private equity group Beverly Capital. He joins Monroe’s specialist healthcare finance team, which provides senior and junior debt to companies in the healthcare industry.

Evans was a principal at Beverly. Prior to that, he was a vice president in the healthcare leveraged finance team at Madison Capital where he originated, structured and underwrote debt financing for private equity-backed deals. He began his career at Merrill Lynch Capital’s healthcare finance group.

Ted Koenig, chief executive of Monroe, said in a statement: “Matt has had an extensive financial career working with middle market companies across the healthcare industry. Matt will be responsible for leading our healthcare lending efforts in addition to originating cash flow and enterprise value based loans in private equity sponsored and non-sponsored transactions.”

Monroe closed its latest fund, a senior secured direct loan vehicle, on $500 million in December, beating its original $400 million target. By the start of December, it had already made six investments.