Monroe Capital closed a $502.5 million term debt securitization known as Monroe Capital MML CLO XIV, LTD. The term financing was Monroe's second new CLO completed in 2022 and is secured by a portfolio of middle market senior secured loans.

Monroe sold securities rated from AAA through BB as well as Subordinated Notes. Monroe and its affiliates retained a majority of the Subordinated Notes in the transaction.  BNP Paribas served as the Lead Manager, Structuring Agent and Bookrunner. This transaction was structured to meet and comply with both the European risk retention guidelines as well as U.S. risk retention guidelines.

“This was a nice execution and we were very pleased to work with BNP Paribas. We were able to upsize the CLO due to strong investor demand,” said Jeremy VanDerMeid, Portfolio Manager of Monroe. “Our ability to blend proprietary directly originated deal flow with the traditional middle market syndicated transactions continues to create a unique, diversified portfolio for CLO investors.”

Monroe’s CLO platform has over $4.3 billion assets under management (“AUM”) with 13 active middle market CLO vehicles. Monroe has a proven 19-year track record as both a middle market and broadly syndicated CLO manager with the same senior investment team and portfolio manager, having successfully navigated multiple credit cycles.
 
The firm has approximately $14.1 billion AUM and a diversified private credit platform of 35+ vehicles comprised of direct lending and opportunistic credit funds, publicly traded and private BDCs, separately managed accounts, and CLOs.