Monroe supports recapitalisation of healthcare services firm

The alternative asset manager is coming off the fundraising of its latest private credit fund, which closed in the fall.

Monroe Capital has supplied a healthcare services company with a $125 million financing, its first announced deal for 2017, the Chicago-based mid-market lender said on Tuesday.

The facility, on which Monroe served as sole lead arranger and administrative agent, will support recapitalisation of the unnamed company. The deal is not the only nine-figure transaction it has done recently. The firm also provided a $100 million facility to LiftForward, which operates a client-services platform, in November.

The alternative asset manager could not be reached for comment.

The firm also wrapped up its most recent investment vehicle, Private Credit Fund II, with more than $800 million of equity commitments, surpassing its $800 million target. With a warehouse facility, the fund will have up to $1.5 billion in investable capital as Private Debt Investor exclusively reported.

The capital for the deal came out of PCF II and several other vehicles Monroe manages, a source familiar with the matter told Private Debt Investor. The firm may sell off a piece of the debt. This person also noted that The Riverside Company made a minority investment. 

Editor's note: This article has been updated to reflect additional information from a market source.