Monroe leads $60M term loan for equipment financier 36th Street Capital

What's the deal? Monroe CapitalDealroom has a profile for this one. Try Dealroom → has led a $60 million Class B Term Loan for 36th Street Capital, a specialty finance company that provides structured lease and loan solutions to large and mid-sized US businesses. The debt financing will support the platform's origination growth and expansion.

What does the company do? Founded in 2015 and based in Morristown, New Jersey, 36th Street Capital finances essential-use equipment that companies rely on to operate. Its portfolio spans manufacturing, technology, healthcare, construction, and food and beverage.

Who's behind it? Aaron Levy and Chris Spanel, who focus on equipment finance at Monroe, led the investment. The team provides debt, forward flow, and equity solutions across small-, mid-, and large-ticket equipment leasing markets.

What's the endgame? "Monroe's experience in asset-backed and equipment leasing investments, combined with its flexible capital base, makes it an ideal partner as we continue to grow our platform," said Kiran Kapur, chief executive officer of 36th Street Capital.

Why it matters: At $60 million, the deal sits in the upper reaches of financings by size, underscoring lender appetite for asset-backed lending platforms. Kyle Asher, co-head of Monroe's Alternative Credit Solutions Group, cited 36th Street Capital's "deep sector expertise, flexible approach to structuring, and strong market position."

The signal: Private credit continues to flow toward equipment finance, where lenders back specialist platforms rather than lend to end borrowers directly. Monroe, active in private credit since 2004 with 14 offices worldwide, is betting on essential-use equipment as a durable niche through business cycles.

Read more: sfnet.com

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