Monroe Capital raises $300m

The Chicago-based firm is looking to raise a total of $800m for US debt investments.  

Monroe Capital held a first close for its Monroe Capital Private Credit Fund III on $300 million. The firm set a $800 million target for the fund and began fundraising in August this year.

The fund’s predecessor closed on its $800 million hard-cap in 2016.

The firm will use the capital to make senior debt investments in North America firms.