Monroe Capital Closes Maiden CFO at $315M 

Monroe Capital LLC closed its first, collateralized fund obligation (CFO), Monroe Capital CFO I, Ltd at $315 million. The vehicle focuses on lending strategies through both rated and non-rated securities.  

The new offering combines exposure to Monroe’s flagship senior secured direct lending platform with its alternative credit solutions, packaging these strategies into a single investment vehicle. 

“We are thrilled to close our first CFO which provides investors exposure to Monroe’s lending platform through a single offering,” said Seth Friedman, head of structured solutions at Monroe. The structure is especially appealing to insurance firms and other investors focused on ratings, providing what the firm refers to as a “bespoke solution” designed for specific investment requirements. 

The offering positions the Chicago-based firm to capture additional opportunities in the $12 trillion structured credit fixed-income market, according to Monroe President Zia Uddin. The CFO follows the close a $561.8 million term debt securitization, Monroe Capital MML CLO XVI, in August. 

Monroe manages $19.4 billion in assets across more than 45 vehicles comprised of direct lending and alternative credit solution funds, venture debt, publicly traded and private BDCs, separately managed accounts, and CLOs.