Monroe Capital said it has held a final close on its first opportunistic credit fund, meeting its target of $286 million. With targeted leverage of some $215 million, the Chicago-based manager will have $500 million to invest.
The fund, Monroe Capital Opportunistic Private Credit Fund I, was launched in 2017 and invests in opportunistic and special situation private credit transactions across multiple industries, focusing on asset-rich, directly originated and secondary credit opportunities, Monroe said in a news release.
