Monroe Capital receives strategic minority investment
Chicago firm Monroe Capital sold a passive minority equity stake to Bonaccord Capital Partners, a division of Aberdeen Standard Investments.
The investment will give the $10 billion firm resources in which to pursue strategic initiatives and will have no impact on the day-to-day management operations of Monroe, which is a specialist in middle market private credit investing.
Terms of the investment were not disclosed.
“Bonaccord’s experience and track record of supporting leading alternative asset managers will be helpful to us as we continue to strategically build and scale our platform . . .
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