Monroe Capital acted as sole lead arranger on the funding of a senior credit facility to support the refinancing of Caravel Autism Health (“Caravel”) and its future growth. Caravel is an existing portfolio company of Frazier Healthcare Partners.

Caravel provides center-based and home-based autism therapy, focused on the principles of ABA, with an emphasis on early intervention (age 18 months to 5 years). The company operates over 40 clinics in Wisconsin, Illinois, Minnesota, Washington, Iowa, and Idaho. Services include evaluation and diagnosis, treatment and therapy, and social skills training provided by a team of over 1,000 clinicians, including over 100 Board-Certified Behavioral Analysts (“BCBAs”).