Aberdeen Standard Life Unit Buys Stake in Monroe Capital LLC
Posted on 03/03/2021
Monroe Capital LLC is a boutique asset management firm specializing in private credit markets across various strategies, including direct lending, asset-based lending, specialty finance, opportunistic and structured credit, and equity. Monroe Capital has approximately $10 billion in assets under management. Monroe has experienced significant growth since its founding in 2004. Bonaccord Capital Partners, a division of Aberdeen Standard Investments (ASI), bought a passive minority equity stake in Monroe Capital.
Bonaccord’s investment will provide Monroe with additional resources to pursue strategic initiatives, as it continues its important alignment with clients.
Mark Redman, Global Head of Private Markets at ASI said in a press release, “Monroe has been at the forefront of generating consistent and attractive risk adjusted returns for its investors for almost twenty years. We believe their private credit investment products will have broad applicability across our platform. We are excited about gaining access to their products and look forward to working with the Monroe investment team.”
Evercore acted as financial advisor and Fried Frank acted as legal counsel to Monroe.
Bonaccord Capital Partners focuses on making strategic minority investments in leading mid-sized alternative asset managers across private equity, private credit, real estate and real assets globally. Bonaccord is part of the private markets division of Aberdeen Standard Investments. Bonaccord’s minority investments support the creation of long-term strategic value for these leading managers enhanced by leveraging ASI’s substantial global capabilities and network across alternative asset management.