Monroe Capital closes second private credit fund at $800 mln

U.S. mid-market investor Monroe Capital has closed Monroe Capital Private Credit Fund II LP at US$800 million in committed capital, exceeding its US$600 million target. The fund, Monroe Capital's 11th since inception, will focus on providing senior secured loans and unitranche loans to private equity-sponsored and non-sponsored mid-market companies in North America. Last year, Monroe Capital hired Mark Sturrock to help expand the firm's presence in Canada.

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