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 . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
