Key Takeaways
- • Monroe Capital priced its second new-issue CLO of 2026, Monroe Capital PC CLO II, at $398.9m (£301.8m), according to Alternative Credit Investor.
- • The deal was Monroe's fourth CLO transaction in the past 12 months, underscoring steady issuance from its private credit platform.
- • The vehicle holds senior secured loans to lower middle-market and traditional middle-market companies, with investment-grade tranches rated AAA to BBB-.
- • The structure is designed to meet risk-retention requirements in the US, UK and EU.
- • Monroe has issued $13bn in structured products since inception and manages $23.8bn of AUM across more than 45 investment vehicles. Deutsche Bank was lead arranger.
Summary
Monroe Capital has priced its second new-issue collateralised loan obligation (CLO) of 2026, Monroe Capital PC CLO II, at $398.9m (£301.8m), according to Alternative Credit Investor. The Chicago-based private credit manager said the transaction was its fourth CLO deal in the past 12 months, signaling a sustained pace of structured-credit issuance.
The vehicle holds a portfolio of senior secured loans to lower middle-market and traditional middle-market companies, Monroe said. Its capital structure includes investment-grade debt tranches rated from AAA to BBB-. The deal has been structured to satisfy risk-retention requirements in the US, UK and EU, broadening the range of investors able to participate. Deutsche Bank acted as lead arranger.
Zia Uddin, president of Monroe Capital, said the company was pleased with the execution and the broad support from a sophisticated global investor base. He pointed to 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 deal as a meaningful milestone for the structured-solutions platform and a reinforcement of Monroe's position as a leading manager of middle-market and private credit CLOs.
Since its founding, Monroe has issued $13bn in structured products and manages $23.8bn of assets under management across more than 45 investment vehicles, the manager said. The announcement follows an Alternative Credit Investor interview with Uddin earlier in the year on the private credit environment amid macroeconomic volatility and uncertainty.
The vehicle holds a portfolio of senior secured loans to lower middle-market and traditional middle-market companies, Monroe said. Its capital structure includes investment-grade debt tranches rated from AAA to BBB-. The deal has been structured to satisfy risk-retention requirements in the US, UK and EU, broadening the range of investors able to participate. Deutsche Bank acted as lead arranger.
Zia Uddin, president of Monroe Capital, said the company was pleased with the execution and the broad support from a sophisticated global investor base. He pointed to 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 deal as a meaningful milestone for the structured-solutions platform and a reinforcement of Monroe's position as a leading manager of middle-market and private credit CLOs.
Since its founding, Monroe has issued $13bn in structured products and manages $23.8bn of assets under management across more than 45 investment vehicles, the manager said. The announcement follows an Alternative Credit Investor interview with Uddin earlier in the year on the private credit environment amid macroeconomic volatility and uncertainty.
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