Monroe Capital announced that it originated, agented and closed $200.6 million in new investment commitments during the month of December 2012. These investments were made among seven different companies and included three acquisition financing transactions and four recapitalization transactions.
“December was a very active month for new originations for us, as many private equity sponsors and middle market borrowers sought to complete transactions before the end of the year. Our pipeline remains very strong and we are excited about our growth prospects in 2013,” commented Theodore L. Koenig, president and chief executive officer of Monroe Capital.
As previously announced, Monroe Capital, the publicly-traded business development company managed by an affiliate of Monroe Capital LLC, originated $81.0 million in new investment commitments during the fourth quarter ended December 31, 2012. These new investments supplement the $67.5 million portfolio of loan investments acquired as part of the initial public offering of Monroe Capital Corporation on October 24, 2012. As of December 31, 2012, the public company’s investment portfolio consisted of approximately $134.3 million par value of funded investments among 28 different portfolio companies, after factoring in debt repayments during the quarter.
Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the U.S. and Canada.