Monroe Capital prices $398.9M private credit CLO, its fourth in a year
What's the deal? Monroe CapitalDealroom has a profile for this one. Try Dealroom → has priced Monroe Capital PC CLO II, LPDealroom has a profile for this one. Try Dealroom →, US$258.1M collateralized loan obligation (CLO). Deutsche BankDealroom has a profile for this one. Try Dealroom → served as lead arranger, and the capital structure includes investment-grade debt tranches rated from AAA through BBB-.
What backs it? The CLO is collateralized primarily by senior secured loans to lower middle-market and traditional middle-market companies. It was structured to meet risk-retention rules in the US, UK, and Europe.
Why now? The transaction is Monroe's second new-issue CLO in 2026 and its fourth over the past 12 months. The firm has issued more than $13 billion in structured products since inception, spanning middle-market CLOs, asset-backed securitizations, and collateralized fund obligations.
What's the endgame? Monroe is scaling its structured-solutions platform, which pairs directly originated collateral with tailored liabilities aimed at ratings-sensitive institutional investors.
"This is a meaningful milestone for Monroe's structured-solutions platform and reinforces our position as a leading manager of middle-market and private credit CLOs," said Seth Friedman, head of structured solutions.
Zia Uddin, president of Monroe Capital, said the deal drew "broad support" from "a sophisticated global investor base." As of July 1, 2026, the firm had $23.8 billion in assets under management across more than 45 investment vehicles.
The signal: Private credit CLOs are becoming a core financing tool for middle-market lenders, letting them recycle capital raised from directly originated loans. Monroe's repeat issuance signals sustained institutional appetite for ratings-backed exposure to the asset class.
Read more: sfnet.com
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