Monroe Capital raises $454.4m

The Chicago-based independent firm closes its ninth CLO.

Monroe Capital held a final closing of Monroe Capital MML CLO IX at $454.35 million. Since March 2018, the firm has completed financing for four collateralized loan obligations, each backed by senior middle market loans.

Founded in 2004, Monroe Capital is an independent firm based out of Chicago that provides financing solutions to a diversified portfolio of companies through direct lending and opportunistic private credit investments. The firm targets borrowers in both the United States and Canada and has offices in New York, Los Angeles, Atlanta, San Francisco and Boston in addition to its headquarters in Chicago.