Ninepoint Partners has expanded its partnership with Monroe Capital.

Monroe will be enhancing its institutional offerings in the Canadian market through the expanded partnership with Ninepoint Institutional Partners LP, a division of Ninepoint Partners. The partnership will enable Canadian institutional investors to gain access to Monroe’s private credit investment strategies – including direct lending, asset-based lending, specialty finance, opportunistic, real estate, structured credit and equity – within the estimated US$10-trillion U.S. middle market.

Since its inception in 2004, Monroe has been a leader in the U.S. private debt market and has made more than 1,700 investments involving approximately US$35 billion of loan investments. The firm has been recognized with numerous awards, including Lower Mid-Market Lender of the Decade, by various institutions. This has allowed companies to make acquisitions, improve working capital, invest in property and equipment and fund private equity M&A activity. At the same time, Monroe’s “credit first – zero loss” philosophy has resulted in consistent yield to investors over their lending history.

“Institutional investors have long valued private debt as an important portfolio diversifier,” said Ramesh Kashyap, Managing Director of the Alternative Income Group at Ninepoint Partners. “We look forward to providing Canadian institutional investors with unique exposure to this asset class in partnership with one of the leading lenders in the U.S. middle-market private debt space.”

“We are pleased to continue to expand our footprint in Canada to the institutional investor base through our partnership with Ninepoint,” said Zia Uddin, President & Co-Portfolio Manager of Direct Lending at Monroe Capital. “We believe that the Canadian institutional market offers a significant area of growth for Monroe, and we are excited about the expansion of our partnership with Ninepoint.”

Since April 2019, Ninepoint Partners and Monroe have co-managed the Ninepoint-Monroe U.S. Private Debt Fund, which invests primarily in loans to U.S. lower mid-market companies and seeks to offer investors exposure that is uncorrelated to the broader volatility of public markets.