On October 22, 2024, Monroe Capital announced a partnership agreement with Wendel Group.
Monroe Capital LLC (“Monroe”) announced on October 22, 2024, that it will partner with Wendel Group (“Wendel”). Wendel will commit $1 billion for seed capital and GP commitments for current and future Monroe investment strategies and take a 75% equity stake in Monroe. Monroe will continue operating independently, retaining its current governance and leadership structure. The transaction is expected to close in the first quarter of 2025. Further terms of the transaction were not disclosed.
Monroe, based in Chicago, is a premier asset management firm specializing in private credit markets across various strategies including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate and equity. As of July 1, 2024, Monroe managed approximately $19.5 billion in client assets.
Wendel (Euronext: MF:FP), based in Paris, is one of Europe’s leading listed investment firms, investing in European and North American companies. As of December 31, 2023, Wendel managed approximately $9.5 billion in client assets. UBS acted as financial advisor to Wendel on the transaction.
To read the press release: please click here.