Key Takeaways
- • Monroe Capital LLC priced Monroe Capital PC CLO II, LP, a $398.9 million private credit collateralized loan obligation, according to a Business Wire release dated November 3, 2026.
- • The deal is Monroe's second new-issue CLO of 2026 and its fourth CLO transaction over the past 12 months.
- • Deutsche Bank served as lead arranger; the capital structure includes investment-grade tranches rated AAA through BBB-, structured to meet U.S., U.K., and European risk-retention requirements.
- • Collateral consists primarily of senior secured loans to lower middle-market and traditional middle-market companies.
- • Monroe had $23.8 billion in assets under management as of July 1, 2026, across more than 45 investment vehicles, and has issued over $13 billion in structured products since inception.
Summary
Monroe Capital LLC, a Chicago-headquartered private credit asset manager, announced the successful pricing of Monroe Capital PC CLO II, LP, a $398.9 million collateralized loan obligation, according to a Business Wire release. The transaction is Monroe's second new-issue CLO completed in 2026 and its fourth CLO transaction over the past 12 months. The vehicle is collateralized primarily by a diversified portfolio of senior secured loans to lower middle-market and traditional middle-market companies.
Deutsche Bank served as lead arranger. The capital structure includes investment-grade debt tranches rated from AAA through BBB-, and the transaction was structured to satisfy applicable risk-retention requirements in the United States, United Kingdom, and Europe.
Zia Uddin, President of Monroe Capital, said the deal reflected strong execution and broad support from a sophisticated global investor base, citing the institutional scale, underwriting discipline, and sourcing advantages built across the firm's private credit platform. Seth Friedman, Managing Director and Head of Structured Solutions, described the transaction as a meaningful milestone for the structured-solutions platform, pairing directly originated collateral with thoughtfully constructed liabilities for ratings-sensitive investors.
Monroe has issued more than $13 billion in structured products since inception, including middle-market CLOs, private credit CLOs, broadly syndicated CLOs, asset-backed securitizations, rated feeder vehicles, and collateralized fund obligations. As of July 1, 2026, the firm managed $23.8 billion in assets across more than 45 investment vehicles, spanning direct lending, alternative credit, venture debt, public and private business development companies, separately managed accounts, and a CLO platform. The firm cited recent recognition including DealCatalyst's 2026 Boutique Private Credit CLO Manager of the Year award and its 2026 Innovative Private Credit CLO Manager award.
Deutsche Bank served as lead arranger. The capital structure includes investment-grade debt tranches rated from AAA through BBB-, and the transaction was structured to satisfy applicable risk-retention requirements in the United States, United Kingdom, and Europe.
Zia Uddin, President of Monroe Capital, said the deal reflected strong execution and broad support from a sophisticated global investor base, citing the institutional scale, underwriting discipline, and sourcing advantages built across the firm's private credit platform. Seth Friedman, Managing Director and Head of Structured Solutions, described the transaction as a meaningful milestone for the structured-solutions platform, pairing directly originated collateral with thoughtfully constructed liabilities for ratings-sensitive investors.
Monroe has issued more than $13 billion in structured products since inception, including middle-market CLOs, private credit CLOs, broadly syndicated CLOs, asset-backed securitizations, rated feeder vehicles, and collateralized fund obligations. As of July 1, 2026, the firm managed $23.8 billion in assets across more than 45 investment vehicles, spanning direct lending, alternative credit, venture debt, public and private business development companies, separately managed accounts, and a CLO platform. The firm cited recent recognition including DealCatalyst's 2026 Boutique Private Credit CLO Manager of the Year award and its 2026 Innovative Private Credit CLO Manager award.
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